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Under his leadership, Hanscom FCU grew from $140 million and 15,000 members to $1.1 billion in assets and 55,000 members, according to NACUC. He was also instrumental in establishing a charitable foundation and leading various credit union outreach efforts to support local and military communities as well as other organizations.
NACUC's survey serves as a valuable benchmark for boards trying to answer the CEO compensation question for themselves.
The NACUC survey measures several aspects of CEO compensation, including base and variable pays rates, benefits packages and CEO pay in relation to second-in-command salaries at the same institution.
To determine how much the CEO position of the credit union is worth, Generations currently uses BalancedComp, which gathers survey data from a number of sources, including American Bankers Association, the Economic Research Institute, Credit Union Magazine, the Delves Group, Crowe Horworth, and CompData, said Rangel, who also serves as a NACUC chair.
"This is powerful in that unlike most conferences where we simply are part of a huge audience and get talked at, NACUC Roundtables require us to come to the small group discussions prepared to contribute.
According to the NACUC, today's challenging economic environment calls for the board and supervisory committee to join forces to address increased risk, employ good governance practices and address current and future compliance issues.
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