Year-over-year, DOLFCU is up three FTEs as of June 30, but the leader says success is relative to perspective. And in the heart of DC, the salary demands are already at a premium compared to wider market.”ĭomingue himself is a pandemic-era hire, taking the helm of his 6,963-member, 22-FTE cooperative in January 2020. “This creates challenges for attracting employees. “Pandemic aside, we are in secure government buildings with limited access and scarce parking,” Domingue says. © CALLAHAN & ASSOCIATES | Thomas Domingue, CEO, Department of Labor FCU TOP 10 CREDIT UNIONS FOR % GROWTH IN FTEsįOR CREDIT UNIONS >$100M IN ASSETS | FROM 2Q20 TO 2Q21 According to data from Callahan & Associates, of the 1,799 credit unions with $100 million or more in assets in the second quarter, 918 reported positive growth in full-time equivalent employees from the same quarter last year, ranging from 0.09% at Mission Federal Credit Union ($5.0B, San Diego, CA) to 110.69% at Charlotte Metro Credit Union ($1.0B, Charlotte, NC).
However, quite a few cooperatives have managed to keep up. The credit union industry is hardly alone in feeling the pain of empty positions going unfilled as pandemic-fueled fears keep workers at home or out of the workforce. 8 that nationwide job openings increased by 749,000 in a single month to a record high of 10.9 million at the end of July. Bureau of Labor Statistics reported on Sept. Two of those shops say flexibility in hiring and work-at-home policies have been instrumental in their ability to compete. Job openings nationwide are at record high, but many credit unions report year-over-year staff increases.
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