During my tenure at IMA, Iâve spoken on accounting regulatory issues, providing testimony to U.S. Congress on internal controls and risk management as it relates to Sarbanes-Oxley implementation, appearing before the SEC and PCAOB on critical regulatory matters impacting U.S. global competitiveness, and I served as a member of the COSO (Committee of Sponsoring Organizations) board of directors, which delivers global guidance on internal controls and enterprise risk management.
1.) Credit unions spend more on marketing than you think. Credit unions were once seen as a quaint, sleepy little corner of the financial industry. Not anymore. The top 10 credit unions invest $155 million annually on marketing, and the top 100 credit unions spend a combined $400 million on advertising and related educational expenses.
Credit unions spent an average of $10,073 per full-time employee on benefits in 2010.When expressed as a ratio of gross income, salary and benefits expenses account for 45.8% and 9.5% of gross income, respectively.Almost 60% of credit unions with $1 million to $35 million in assets have a sponsor.nd 12% of credit unions had already adjusted their salary structures for 2011 at the time the data was collected. Formal salary ranges Nearly 20% of credit unions with $1 million to $35 million in assets and at least one full-time employee have formal salary ranges.