CEO Review

Strategically Connect & Evaluate Your CEO's Performance

Home > Performance Solutions > More Performance > Credit Union CEO Review

CEO Review allows you to strategically connect and evaluate your CEO's performance with your credit union's goals and priorities.

 

Credit union CEO Review from CU Solutions Group

We know structuring the perfect CEO performance and compensation plan isn’t easy. So, CEO Review breaks it down into a four-step process that reviews a CEO’s performance objectives, compensation plan, special projects and board assessments.


CEO Review can:

  • Provide up-to-date CEO salary and bonus market data on an annual basis
  • Establish a fair and defensible approach to determining merit and incentive pay
  • Compare peer data on key financial growth measures
  • Create a personalized implementation by credit union experts
  • Save you time and money – it’s affordable and easy to execute
CEO Review's Four Step Process

Part I – Performance Objectives
During this step, performance objectives are developed from your credit union’s mission statement, its strategic business plan and its plan year budget. These objectives are measurable and observable indicators that let you connect your credit union’s mission with real results.

Part II – Compensation Plan
This part is an important piece of the CEO evaluation process – aligning your CEO’s compensation to outcomes. HR Performance Solutions develops a CEO compensation plan unique to your credit union using current “peer-to-peer” salary data that is tied to comparably-sized and regionally located financial institutions.

Part III – Special Projects 
In this section, CEO Review incorporates key, non-measurable aspects of your credit union’s annual strategic plan and budget. Individual board members evaluate results for each of the key points and submit their evaluations to the chairman.

Part IV – Board Assessment
This step is where each board member gives the CEO feedback about how they view his/her effectiveness as a decision maker, manager and credit union leader using an anonymous online assessment form. Data is then compiled onto one form and shared with the CEO during the review.