Who leads the $250-$500M peer group in income per employee?

 
 

The income per employee ratio helps measure a credit union’s productivity by showing how efficient the credit union is at generating interest and non-interest incomes. The ratio is calculated by the sum of annualized interest income and non-interest income (which includes fee income and other operating income) divided by the number of current full-time employees. The industry average for all credit unions in the U.S. was $171,656 in the second quarter of 2013, 3.8% lower than one year ago at $178,367.

Department of Commerce ($315.8M, Washington, DC) boasted the highest income per employee among credit unions between $250 million and $500 million in assets, with each employee generating $393,633 annualized income as of second quarter in 2013. Direct ($436.8M, Needham, MA) came in second with $387,620 income per employee in the same quarter. IDB-IIC ($464.8M, Washington, DC) ranked the third with $372,857 income per employee. The average annualized income per employee for credit unions between $250 million and $500 million stood at $198,679 in June 2013.

LEADERS IN ANNUALIZED INCOME PER EMPLOYEE
Data as of June 30, 2013 for Credit Unions $250M-$500M
 © Callahan & Associates | www.creditunions.com

  Credit Union State Annualized Income Per
Employee as of June 2013
Number of Employees Total Assets
1 Department Of Commerce DC $393,633 33 $315,788,578
2 Direct MA $387,620 46 $436,810,466
3 IDB-IIC DC $372,857 32 $464,796,521
4 E&A MI $356,874 47 $278,406,561
5 Utah Power UT $353,576 47 $493,575,294
6 Sperry Associates NY $348,033 32 $274,723,624
7 Aerospace CA $335,029 23 $364,347,291
8 Boulder Dam NV $324,156 43 $474,255,122
9 APCI PA $309,426 42 $496,803,740
10 Oceanside Christopher NY $300,891 30 $283,101,743


Generated by Callahan & Associates' Peer-to-Peer Analytics