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