Originally posted on CUInsight.com.
By David Frankil, President, Burns-Fazzi, Brock
Whenever I play golf (rarely) I’m told that I’m only competing against myself. Odds are it is my foursomes’ way of making me feel better about shooting my weight instead of some much more reasonable number. No issue there, we’re all just trying to improve our respective game—but some perspective is helpful, even if only to set goals and understand best practices.
The same can be said about executive compensation and benefits—it is not a competition, but it is helpful to know how your peers compare. The key difference is that structure also counts when it comes to compensation and benefits. For example, do credit unions in your peer group just provide 457 plans, or do they also have split-dollar plans?
The NAFCU-BFB Executive Compensation and Benefits Survey of Federal Credit Unions