
Credit unions may be one of the few types of organizations that have been able to weather the recession relatively well.
As others in the financial industry—most notably banking institutions—have suffered economically and from declining consumer confidence, credit unions have maintained their focus on members and commitment to service. But credit unions have been less likely to need to resort to downsizing and layoffs, possibly because they tend to staff more efficiently to begin with. In fact, the number of staff employed per $1 million in assets has been trending down at credit unions for the past 11 years,
according to the CUES 2009 Staffing…






