Another effective measure of a credit unions’ productivity is the accounts per employee ratio, which shows how many loan and share accounts are managed by each full-time employee at a credit union. The higher the ratio, the more productive the credit union is. Credit unions over $20 million in assets reported an average of 974 accounts per full-time employee in June 2013, which is in line with 975 accounts per full-time employee in the previous year.
Local Government ($1.3B, Raleigh, NC) led the nation in accounts per full-time employee, with its 92 employees each serving 5302 accounts on average in the second quarter of 2013. E&A ($278.4M, Port Huron, MI) came in second with 5221 accounts per a full-time employee. Good Samaritan ($24.9M, Sioux Falls, SD) rounded out the top three with 4 employees each managing 5080 accounts over the same period.
LEADERS IN ACCOUNTS PER FULL-TIME EMPLOYEE
Data as of June 30, 2013 for Credit Unions Over $20M in Assets
© Callahan & Associates | www.creditunions.com
|
Credit Union |
State |
Accounts Per FTE |
Loan Accounts Per FTE |
Share Accounts Per FTE |
Number of FTE |
Total Assets |
1 |
Local Government |
NC |
5302 |
780 |
4523 |
92 |
$1,309,801,489 |
2 |
E&A |
MI |
5221 |
606 |
4616 |
20 |
$278,406,561 |
3 |
Good Samaritan |
SD |
5080 |
586 |
4494 |
4 |
$24,907,703 |
4 |
eCO educators & Community |
AL |
4103 |
192 |
3910 |
37 |
$121,020,993 |
5 |
American Spirit |
DE |
3593 |
1167 |
2426 |
15 |
$66,476,093 |
6 |
B&V |
KS |
3350 |
714 |
2636 |
2 |
$65,114,045 |
7 |
PEF |
OH |
3316 |
696 |
2621 |
2 |
$29,741,742 |
8 |
Harrison Police & Firemen's |
NJ |
3185 |
550 |
2635 |
1 |
$21,937,691 |
9 |
Nephi Western Employees |
UT |
2995 |
1009 |
1986 |
2 |
$28,531,702 |
10 |
Midwest Carpenters & Millwrights |
IN |
2966 |
456 |
2511 |
10 |
$90,532,594 |
Generated by Callahan & Associates' Peer-to-Peer Analytics