HealthScore Chart of the Week – Membership Type

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.

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 )

Google photo

You are commenting using your Google 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 )

Connecting to %s