August 21, 2017 About | Subscribe | Contact | CUNA News [ Log in ]

Article Tools

CUNA Research Reports

CU Snapshot

 Jun '17May '17
# of CUs5,911 5,922
Members
(millions)
111.7111.2
Total Assets
($ billions)
$1,378.8$1,369.6
Total Savings
($ billions)
$1,172.6$1,156.8
Net Cap.
Assets
10.6%10.6%
Loans to Savings79.6%79.9%
Loan Delinq.0.7%0.7%

         Credit Union Indicators

Retain and Attract Talented Staff

CUs contend with changing labor market as economy improves.

The labor market for credit unions is growing more competitive, according to CUNA's 2015-2016 Staff Salary Report.

Pay increases at credit unions continue to build upon the momentum generated after 2010. Due to the improving U.S. economy, many credit unions contend with growing levels of staff departures

"Incorporate these two trends into your credit union's 2015 efforts to retain your most talented staff members and attract new ones," the report advises.

Expect hiring to trend gradually upward.

Nearly 35% of credit unions—including about 55% of those with assets of $100 million or more—plan to add full-time employees in 2015.

On average, credit unions plan to add 4.1 full-time employees. The figure generally rises with asset size, reaching nearly 20 anticipated additions for credit unions with assets of $1 billion or more.

Almost 25% of credit unions plan to add an average of 1.8 part-time employees this year.

Fewer than 10% of credit unions plan to reduce full- or part-time staff in 2015.

CUNA's 2015-2016 Staff Salary Report is available instantly to Complete and Expanded subscribers. It's also available for separate purchase.