Biennial SERP Research Survey
For more than 20 years, D. Hilton Associates has provided the credit union industry with research and data on compensation and succession planning trends through its SERP Survey. The largest study of its kind in the credit union industry, the SERP Survey collects data from over 900 credit unions and has a response rate of over 50%. By examining what peer organizations are doing to ensure employee retention through SERPs, credit unions can implement competitive compensation and retirement packages to retain their executive team.
- 67% of CEOs at credit unions with more than $100 million in assets have a non-qualified deferred compensation plan in place.
- Of those CEOs without a plan in place, 74% believe one will be implemented within two years.
- 95% of credit union CEOs indicate their non-qualified deferred compensation plan was implemented as a retention incentive and 51% report it was for higher retirement benefits.
