After a short hiatus, we are back with new content for our Credit Union Industry HealthScore Chart of the Week series. Our HealthScore system calculates overall credit union health by scoring/grading performance across eleven different key ratios. This week’s HealthScore chart (really a table) focuses on credit union membership type, specifically looking at the comparison of average HealthScores between different membership type codes.
The table below includes all type codes for federally-chartered credit unions. State-chartered credit unions are, unfortunately, lumped together in one category (non-federal) without regard for their specific field of membership. That said, the table does gives some indication of the types of credit union memberships in existence and generally how healthy credit unions serving those markets are as of 6/30/13. Note that our HealthScore scale ranges from 0-5, with 0 reflecting poor health and 5 reflecting exceptional health.
| Membership Type | Total CUs | Avg HealthScore |
| Multiple group – primarily military |
63 |
2.778 |
| Community credit unions, urban or rural, other than those designated “low income” |
1142 |
2.569 |
| Multiple group – primarily chemical |
57 |
2.555 |
| Multiple group – primarily petroleum refining |
38 |
2.545 |
| Non-Federal Credit Union |
2629 |
2.520 |
| Multiple group – primarily educational |
308 |
2.467 |
| Multiple group – primarily machinery |
31 |
2.440 |
| Multiple group – primarily federal, state, local government |
397 |
2.429 |
| Industry HealthScore |
6818 |
2.402 |
| Multiple group – primarily transportation equipment |
33 |
2.377 |
| Multiple group – primarily communications and utilities |
152 |
2.351 |
| Multiple group – other |
178 |
2.337 |
| Military |
19 |
2.330 |
| Manufacturing – petroleum refining |
10 |
2.327 |
| Manufacturing – machinery |
15 |
2.327 |
| Service – finance, insurance, real estate, trade |
40 |
2.284 |
| Service – communications and utilities |
83 |
2.251 |
| Multiple group – primarily other manufacturing |
190 |
2.246 |
| Multiple group – primarily transportation |
88 |
2.206 |
| Multiple group – primarily primary and fabricated metals |
43 |
2.201 |
| Manufacturing – chemicals |
24 |
2.193 |
| Manufacturing – primary and fabricated metals |
24 |
2.182 |
| Multiple group – primarily finance, insurance, real estate, trade |
60 |
2.159 |
| Educational |
164 |
2.147 |
| Multiple group – primarily health care |
142 |
2.145 |
| Federal, state, local government |
229 |
2.133 |
| Multiple common bond – other |
66 |
2.094 |
| Service – health care |
85 |
2.077 |
| Manufacturing – all other |
122 |
2.068 |
| Service – transportation |
54 |
2.047 |
| Manufacturing – transportation equipment |
10 |
2.027 |
| Single common bond – other |
7 |
2.026 |
| Associational – fraternal, other than those designated “low income” |
39 |
2.021 |
| Associational – other than religious or fraternal, or “low income” |
81 |
1.989 |
| Associational – religious, other than those designated “low-income” |
195 |
1.657 |
Comments and interpretations welcome. To share your thoughts, use the comments feature below.
Interested in learning more about where your credit union stands in relation to Glatt Consulting’s Credit Union Industry HealthScore? Schedule an appointment to discuss your scores. You may also want to learn more about our approach to credit union strategy consulting.
