According to estimates from Callahan & Associates FirstLook program, which includes year-end financial information for more than 6,000 credit unions, the industry average for annualized revenue per full-time employee is projected to have increased 3.2% in 2015. The average number of full-time employees at credit unions also increased in 2015, growing from 41 to 44, or 7.3%.
LEADERS IN ANNUAL REVENUE PER FTE EMPLOYEE*
For FirstLook** credit unions | Data as of 12.31.15
© Callahan & Associates | www.creditunions.com
| Rank | Credit Union | State | Annualized Revenue Per FTE Employee | Total FTE Employees | Total Assets |
|---|---|---|---|---|---|
| 1 | Merck Employees | NJ | $1,391,661 | 24 | $1,894,022,542 |
| 2 | NCPD | NY | $1,153,200 | 17 | $698,071,839 |
| 3 | Star One | CA | $952,700 | 182 | $7,857,993,558 |
| 4 | Progressive | NY | $932,577 | 35 | $665,431,747 |
| 5 | Self Reliance New York | NY | $878,094 | 44 | $1,159,328,427 |
| 6 | San Joaquin Power Employees | CA | $641,014 | 6 | $131,826,071 |
| 7 | Bopti | CA | $629,936 | 4 | $66,411,812 |
| 8 | Schlumberger Employees | TX | $599,990 | 39 | $792,378,689 |
| 9 | Alliant | IL | $585,170 | 398 | $8,673,603,672 |
| 10 | Southern | TX | $569,597 | 9 | $90,961,770 |
| *Full-time equivalent (FTE) is calculated as full-time employees plus 50% of part-time employees. ** Data is for all FirstLook credit unions with more than $20 million in assets. |
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Source: Peer-to-Peer Analytics by Callahan & Associates
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