Which credit union boasts the highest loan originations per employee?

 
 

According to Callahan & Associates’ FirstLook data, Progressive ($616.8M, New York, NY) was the leader in year-to-date loan originations per employee. Its 31 employees each originated $15.9 million loans year-to-date to total $483.5 million as of September 2013. The next leading credit union was Montauk ($153.0M, New York, NY), another New York-based credit union, with its employee originating $11.5 million loans on average. Of the top five credit unions in loan originations per employee, four credit unions were based in New York and specialize in taxi medallion loans which tend to have higher average balances. 

Credit unions, on average, reported $1.04 million in loan originations per employee as of September 2013, up from $1.00 million a year ago. While total loan originations and the number of employees increased over the past year, the 7.3% growth in total loan originations outpaced the 3.6% growth in the number of employees.  

leaderS in ytd loan originations per employee
Data As of September, 2013 for Credit Unions over $20M in Assets
© Callahan & Associates | www.creditunions.com

  Credit Union State $ Loan Originations Per Employee $ Loans Originated Employees Total Assets
1 Progressive NY $15,854,056 $483,548,696 31 $616,780,400
2 Montauk NY $11,462,606 $91,700,850 8 $152,950,480
3 Melrose NY $11,113,320 $772,375,724 70 $1,868,541,217
4 Lomto NY $9,224,919 $202,948,208 22 $254,294,536
5 Pentagon VA $6,094,522 $8,410,439,856 1,380 $16,510,849,549
6 Star One CA $5,685,623 $955,184,720 168 $6,530,988,330
7 Local Government NC $5,665,695 $541,073,896 96 $1,325,620,577
8 WCLA WA $4,750,792 $23,753,961 5 $31,030,741
9 General Electric OH $4,376,334 $623,627,639 143 $1,822,434,104
10 University Of Iowa Community IA $4,022,441 $483,548,696 31 $2,074,755,102


Source: Callahan & Associates’ Peer-to-Peer Analytics
Callahan & Associates’ 2014 Directory