The average efficiency ratio for the credit union industry as of March 31, 2017, was 73.3%. That’s a slight improvement over one year ago, when it was 74.6%.
To put this in context of what it’s measuring, on average, credit unions spent approximately $0.73 to earn $1 of revenue.
Curious as to how your credit union’s efficiency ratio compares to credit unions with a similar business model? Reach out to Callahan,and we’ll let you know.
Below is a table of the leaders in efficiency for credit unions with more than $50 million in assets.
CREDIT UNION EFFICIENCY
FOR U.S. CREDIT UNIONS >$50 MILLION IN ASSETS | DATA AS OF 03.31.17
Callahan & Associates | www.creditunions.com
| # | Credit Union | State | Assets | Efficiency Ratio (Excluding PLL) | Operating Expense/Average Assets | ROA |
|---|---|---|---|---|---|---|
| 1 | Workmen’s Circle Incorporated | GA | $71,761,335 | 31.97% | 0.91% | 1.94% |
| 2 | NCPD | NY | $737,660,619 | 36.45% | 0.66% | 1.11% |
| 3 | Merck Employees | NJ | $2,022,112,058 | 36.59% | 0.23% | 0.39% |
| 4 | Long Beach Firemen’s | CA | $183,181,004 | 37.03% | 0.76% | 1.29% |
| 5 | CommunityWide | IN | $393,899,588 | 37.59% | 2.03% | 1.15% |
| 6 | APCO Employees | AL | $2,828,708,180 | 37.80% | 0.55% | 0.84% |
| 7 | Tallahassee-Leon | FL | $51,820,377 | 38.90% | 5.52% | 8.42% |
| 8 | Employees | IA | $93,808,619 | 39.98% | 1.62% | 2.15% |
| 9 | California Lithuanian | CA | $116,494,267 | 42.12% | 0.83% | 1.15% |
| 10 | Dawson Co-op | MN | $152,516,788 | 42.16% | 1.46% | 1.87% |
Source: Callahan & Associates.
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