Skip to content

CUNA Survey Sheds Light on Turnover Rates

December 15, 2011

The CUNA survey was conducted online between January and May. Surveys were sent to 6,017 credit unions with $1 million or more in assets and there were 1,553 respondents.

Institution Level Turnover Rates:

  • 2008 – 15%
  • 2009 – 9%
  • 2010 – 12%

Management Turnover Rates:

  • 2008 – 6%
  • 2009 – 5%
  • 2009 – 5%

Front-Line Staff Turnover Rates:

  • 2008 – 20%
  • 2009 – 19%
  • 2010 – 18%

Other noteworthy results from the survey include:

  • 3% of employees were hired for newly created positions, which has remained the same since 2008.
  • Overall there is an average of 36.9 full-time-equivalent employees at Credit Unions surveyed.

 

Excerpts taken from the Claude R. Marx Credit Union Times articleCUNA Survey: Turnover Up Though Less Than Before Recession

No comments yet

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: