The 70 winners of this year’s Best Credit Unions to Work For demonstrated the importance of leadership, communication and career development.
The ranking is determined through two surveys conducted in conjunction with the Best Companies Group. The first is a survey completed by each applicant’s workers and measures employee satisfaction. It covers eight areas, such as compensation and benefits, corporate culture, communication and work environment. A credit union needed at least 40% of its employees to complete the survey, with an average of at least 80% of respondents answering that they “strongly agree” or “somewhat agree” with different statements.
The second survey looked at the employee benefits and internal policies of each credit union.
Data from the first survey revealed that the winners beat their competitors in a number of key areas. For example, 91% of staff who work at the credit unions on the list said they understand their employers’ long-term strategy, according to survey data. For credit unions that applied and failed to make the rankings, that figure was 82%.
In terms of corporate culture and communication, 80% of winners’ employees said they believed changes that would affect them were communicated before they were implemented. This figure dropped to 66% for credit unions that were not on the list.
When it comes to training, resources and development, 82% of winners’ employees said they felt they were being rewarded for their good work. This figure was 67% for establishments that were not on the list.
Read on to learn more about the institutions ranked 36 to 70 among the best credit unions to work for in 2023. Click here to learn more about the winners ranked 1-35 on the list.
(Total assets and number of employees were provided by credit unions at time of application.)