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News Now

CU System
Texas CUs adding more staff--poll
FARMERS BRANCH, Texas (2/7/11)--More credit unions in Texas added or anticipated adding new positions to their operations, according to the Texas Credit Union League's 2010 Compensation Survey. Of those polled across the state, 24.9% said they added or planned to add positions--up 10 percentage points from 2009, said Doug Foister, director of research with the league (LoneStar Leaguer Feb. 3). "Operational costs have stabilized, as well, a factor contributing to 5.4% of respondents laying off employees, down from 2009's 5.9%," he told the league. Economic conditions in Texas are slightly more favorable, with data from the Bureau of Labor Statistics indicating that the state finished the year with an unemployment rate of 8.3%, or 1.1% lower than the national average. The league said the employment increase has been reflected in the credit union movement across the state.


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