Monday, December 9, 2019

Credit Unions Lag in Employee Efficiency

A study by Moebs Services found that credit unions lag behind banks and thrifts in employee efficiency.

The study looked at assets per employee at banks, thrifts, and credit unions.

Moebs Services found that assets per employee were $9.7 million at thrifts, $8.8 million at banks, and $5.0 million at credit unions.

According to Moebs Services, credit unions with between $5 billion and $10 billion in assets are the most efficient with assets per employee of $7.1 million per employee. Banks and thrifts with between $25 billion and $50 billion in assets were the most efficient with assets per employee at $10.2 million per employee.
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2 comments:

  1. AnonymousDecember 10, 2019 at 6:15 AM

    It would be interesting to know if this is a result of serving lower income people. CUs track average deposits per member. Do banks have an average deposits per customer to compare?

    ReplyDelete
    Replies
    1. AnonymousDecember 12, 2019 at 11:22 AM

      Banks serve more underserved than CUs do.

      Delete

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