Recently, I and Tansley Stearns, President/CEO at Community Financial Credit Union, sat down with Mike Lawson of CUbroadcast.
It was a great day at the CUES Symposium. And, as luck would have it, it was also a great day to discuss the strategic power of executive compensation planning.
Symposium23_TansleyandKirk.mp4 from CUbroadcast on Vimeo.
Tansley had been at Canvas Credit Union before her transition to Community Financial, and OM Financial Group helped them find a way to keep the “band” together.
Here’s what we addressed:
- compensation needs to be commensurate with the credit union leadership’s job or it can’t provide member value
- current drivers of executive comp
- 4 foundations of executive compensation (Tansley’s design)
- 2023 data on executive comp
If you have 15 minutes to watch, I highly recommend it!