The credit union industry hit a new high in the size of its workforce. The movement added more than 10,000 full-time employees from June 30, 2016, to June 30, 2017, an annual increase of 3.8% that pushed the employment rolls to 287,656 full-time equivalents.
In "Credit Union Leaders In 5 Productivity Metrics," see how U.S. credit union's stack up in salaries & benefits per employee, assets per employee, members per employee, revenue per employee, and loan originations per employee.
Real estate loan balances outstanding at credit unions increased 9.5% year-over-year to reach $456.6 billion as of June 30, 2017. First mortgages accounted for $375.7 billion of those balances outstanding and represented 82.3% of the credit union real estate lending portfolio.
In "Credit Union Leaders In 4 Real Estate Metrics," see how U.S. credit union's stack up in 12-month first origination growth, real estate loan concentration, year-to-date first mortgage originations, and mortgage servicing portfolios.
Total operating revenue reached $31.7 billion in the first half of the year; that’s an increase of 8.8% over the first six months of 2016. This continued the recent trend of accelerating revenue growth for credit unions.
In "Credit Union Leaders In 4 Earnings & Capital Metrics," see how U.S. credit union's stack up in return on assets, Net Worth-to-assets, service revenue-to-assets, and efficiency.