More Credit Union Employees Stayed Put in 2011
by CUNA eScan
Employee turnover at credit unions is down, according to CUNA’s 2012-2013 Turnover & Staffing Survey.
Overall, the credit union turnover rate was 10% in 2011, down from 12% in 2010 and similar to 2009’s rate of 9%.
The turnover rate among management positions is much lower.
Following historical trends, the turnover rate for management held steady at 5% in 2011, identical to the two preceding years.
Other survey highlights:
• Credit unions employ an average of 37.75 full-time equivalent (FTE) staff. Credit unions with no branches beyond their main office employ an average of 5.43 FTEs, while those with 10 or more branch offices have an average of 341.62 FTEs.
• Credit unions employ an average of 5.71 part-time employees. The average number of part-time employees ranges from 2.32 among credit unions open less than 40 hours a week to 14.57 among those open 55 hours or more.