Which credit unions are the leaders in loan originations per employee?

 
 

Credit unions have seen resurgence in loan activity in the past year as more members flock to credit unions for their services. Credit unions nationwide originated $330 billion in loans during 2012, 25% more than they did in 2011.

As demand for loans increases, credit unions want to keep productivity in mind. Loan originations per employee measures the dollar amount of loans originated per employee on average at a credit union. For 2012, Montauk Credit Union’s employees were the most productive in this regard, originating $21 million in loans per employee. Four out of the top five in loan originations per employee are headquartered in New York, with Melrose and Progressive respectively originating $19 million and $15 million per employee. The national average was $1.3 million in loan originations per employee.

LEADERS IN ORIGINATIONS PER EMPLOYEE
DATA AS OF DECEMBER 31, 2012
© Callahan & Associates | www.creditunions.com

Rank State Credit Union Originations per Empl. Assets Loans
1 NY Montauk $21,366,111 $141,366,683 $128,099,203
2 NY Melrose $19,477,474 $1,835,079,891 $1,672,750,202
3 NY Progressive $15,023,584 $547,472,722 $476,677,737
4 CA Star One $12,599,464 $6,304,301,795 $2,762,716,635
5 NY Lomto $10,379,556 $244,903,632 $214,514,362
6 VA Pentagon $7,130,810 $15,532,278,212 $13,720,406,166
7 CA Aerospace $6,826,451 $361,299,551 $46,574,509
8 TX BP $6,610,376 $112,985,220 $47,905,776
9 NC Local Government $6,084,948 $1,232,685,213 $765,184,166
10 WA WCLA $5,806,040 $25,111,261 $23,222,790
11 IA University Of Iowa Community $5,352,959 $1,800,663,843 $1,489,471,991
12 OH General Electric $5,191,136 $1,672,740,960 $1,501,437,406
13 MO Sikeston Public Schools $5,074,856 $4,909,882 $2,282,846
14 KS SM $5,067,100 $61,038,132 $45,076,438
15 MI Lake Michigan $4,953,636 $2,731,663,450 $1,642,193,259
16 MN Dawson Co-op $4,789,771 $122,070,125 $89,035,192
17 TX Southern $4,655,400 $70,638,823 $48,718,694
18 OR Advantis $4,627,330 $987,827,303 $728,013,261
19 CA Honda $4,611,674 $610,169,151 $424,148,154
20 TX Scurry County School $4,379,310 $9,556,270 $5,993,222


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

 
 

April 24, 2013


Comments

 
 
 

No comments have been posted yet. Be the first one.