Host Grant Sheehan, CEO, breaks down the debate over who should develop a credit union's salary matrix: the volunteer Board of Directors or the CEO operating within a board-set budget.

The episode explains the roles of governance and execution—how boards set strategy and budgets while CEOs apply market data and operational insight to craft equitable compensation structures—and highlights the importance of collaboration, regular reporting, and fiduciary oversight.

Listeners will learn practical considerations for building a fair salary framework, ethical responsibilities for transparency, and best practices for board–CEO communication.

Be sure to visit NCOFCU's "First Responders Credit Unions Academy" for your continued credit union education and certification in meeting N C U A’s requirements.