Credit Unions — Average Employee Salary
The average employee in the credit unions industry earns $70,380 per year ($33.84/hour), according to Bureau of Labor Statistics QCEW data.
What Do Credit Unions Workers Earn?
At $70,380/year (equivalent to $33.84/hour for a full-time worker), credit unions wages are near the national average of ~$65,000.
The typical credit unions business employs 16 people. These are mid-sized operations where payroll is a significant but manageable expense.
Wages as a Percentage of Revenue
For the average credit unions business generating $15.0M/year with 16 employees at $70,380 each, total payroll represents roughly 7.5% of revenue. Labor costs are relatively low compared to revenue — other costs (materials, equipment, overhead) dominate.
What This Means for Business Owners
If you're starting or running a credit unionsbusiness, here's what the wage data means for your bottom line:
- Per-employee cost: Budget approximately $91,494/year per employee (salary + ~30% for benefits, taxes, and insurance).
- Typical team size: 16 employees = ~$1,126,080/year in base payroll.
- Hourly equivalent: $33.84/hour base — factor this into pricing and project estimates.
- Revenue needed: With average revenue of $15.0M/business, you need strong utilization rates to maintain healthy margins after payroll.
See how these wages compare to total revenue and profit margins.
View full Credit Unions revenue benchmarks →Frequently Asked Questions
- How much do credit unions employees make?
- The average credit unions employee earns $70,380 per year, which is equivalent to $33.84/hour for a full-time worker (2,080 hours/year). This is above the national average of approximately $65,000.
- How many people work in the credit unions industry?
- The credit unions industry employs 306,071 workers across 19,538 establishments in the United States. The average business in this industry has approximately 16 employees.
Source: Bureau of Labor Statistics, Quarterly Census of Employment and Wages (QCEW 2023).