Leaders In Efficiency At First Quarter 2017

Check out this leader table to see which credit unions beat the industry average.

 
 

The average efficiency ratio for the credit union industry as of March 31, 2017, was 73.3%. That's a slight improvement over one year ago, when it was 74.6%.

To put this in context of what it’s measuring, on average, credit unions spent approximately $0.73 to earn $1 of revenue.

Curious as to how your credit union's efficiency ratio compares to credit unions with a similar business model? Reach out to Callahan, and we'll let you know.

Below is a table of the leaders in efficiency for credit unions with more than $50 million in assets.

CREDIT UNION EFFICIENCY

FOR U.S. CREDIT UNIONS >$50 MILLION IN ASSETS | DATA AS OF 03.31.17
© Callahan & Associates | www.creditunions.com

# Credit Union State Assets Efficiency Ratio (Excluding PLL) Operating Expense/Average Assets ROA
1 Workmen's Circle Incorporated GA $71,761,335 31.97% 0.91% 1.94%
2 NCPD NY $737,660,619 36.45% 0.66% 1.11%
3 Merck Employees NJ $2,022,112,058 36.59% 0.23% 0.39%
4 Long Beach Firemen's CA $183,181,004 37.03% 0.76% 1.29%
5 CommunityWide IN $393,899,588 37.59% 2.03% 1.15%
6 APCO Employees AL $2,828,708,180 37.80% 0.55% 0.84%
7 Tallahassee-Leon FL $51,820,377 38.90% 5.52% 8.42%
8 Employees IA $93,808,619 39.98% 1.62% 2.15%
9 California Lithuanian CA $116,494,267 42.12% 0.83% 1.15%
10 Dawson Co-op MN $152,516,788 42.16% 1.46% 1.87%

Source: Callahan & Associates.

2017 Callahan & Associates, Inc. All rights reserved

 
 

May 29, 2017


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