Credit Union Employment Shows Steady Growth

During the ups and downs of the economy, total credit union employment has continued to grow at just over 4%. Since 1997, average salaries and benefits have also increased from $33,435 to $45,450 or a 4.48% per year.

 
 

During the ups and downs of the economy, total credit union employment has continued to grow at just over 4%. Since 1997, average salaries and benefits have also increased from $33,435 to $45,450 or a 4.48% per year. As of March 31, 2004 the total employment in credit unions was 210,514.

These two trends are a major factor in the annual increase of operating expense, which have ranged from 8-10% during these seven years.

Even though national salaries have risen, there is over $20,000 difference from the lowest to the highest state’s individual averages. Montana had the lowest average at $34,129. California had the highest average at $55, 437 based on full year 2003 data.

 

 

 

June 21, 2004


Comments

 
 
 
  • You have the categories switched. Houldn't Montana, etc. be under the 5 Lowest and California, etc. be under the 5 Highest?
    Anonymous
     
     
     
  • You seem to have the labels on the tables reversed and Connecticut appears to rank above DC instead of below as shown. You've probably heard this a lot from others.
    Anonymous