Which credit union leads in income per employee?

 
 

When it comes to revenue generated by their employees, credit unions in New Jersey and New York are atop the list. Combining annualized interest income and non-interest income, which includes fee and other operating income, income per employee is highest for Garden State FCU, with $2,455,128 of interest income and non-interest income per employee for September 2012. Seven credit unions from New York and New Jersey are in the top ten.

 

This ratio is effective in measuring the productivity of a credit union, as it looks at how effective employees are at driving income. It measures how efficient and effective credit unions are at lending, investing, as well as generating revenue from non-asset based income. The average for all credit unions in the United States over $20 million is $211,374 in income per employee.

ANNUALIZED INCOME PER EMPLOYEE
DATA AS OF SEPTEMBER 30, 2012 | CREDIT UNIONS OVER $20M IN ASSETS
© Callahan & Associates | www.creditunions.com

Rank State Credit Union Annualized Net Interest
Income & Service
Income per FTE
Total Assets Full Time Employees
1 NJ Garden State $2,455,128  $26,246,613  1
2 NJ Merck Employees $1,704,283  $1,831,980,509  26
3 NY Progressive $1,144,986  $539,821,864  30
4 NY Melrose $1,141,308  $1,792,528,546  69
5 NY NCPD $1,131,515  $641,260,699  18
6 NY Montauk $975,405  $139,286,443  8
7 CA Star One $971,126  $6,249,985,008  169
8 NC Local Government $807,832  $1,244,068,060  75
9 NY Self Reliance New York $801,008  $895,333,842  43
10 CA San Joaquin Power Empl. $774,310  $121,831,750  6
11 CA Bopti $718,340  $58,082,966  4
12 NY Lufthansa Employees $684,843  $103,146,090  4
13 AL APCO Employees $621,667  $2,282,239,525  90
14 IL Alliant $617,617  $8,288,813,614  325
15 MA Industrial $601,141  $153,415,164  9
16 GA Workmens Circle $589,119  $54,436,641  4
17 NJ Division 819 Transit Employees $560,757  $22,604,182  2
18 TX Southern $554,419  $70,324,402  8
19 CA F & A $553,466  $1,232,515,082  69
20 AL Mead Coated Board $536,961  $47,257,676  3


Generated by Callahan & Associates' Peer-to-Peer Software.