The 70 honorees for 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 in conjunction with the Best Companies Group. The first is a survey completed by workers at each applicant and measures employee satisfaction. It covers eight areas, such as pay and benefits, corporate culture and 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 "agree strongly" or "agree somewhat" to the various statements.
The second survey examined the benefits and internal policies of each credit union.
Data from the first survey revealed that the winners beat out their competitors in a number of key areas. For instance, 91% of staff members who work at the credit unions that made the list said that they understand the long-term strategy of their employers, according to the survey data. For the credit unions that applied and didn't make the ranking, this figure was 82%.
In terms of corporate culture and communication, 80% of employees at the honorees said they thought that changes that would affect them were communicated prior to implementation. That figure dropped to 66% for the credit unions that did not make the list.
As for training, resources and development, 82% of employees from the winners said they felt they would be rewarded for good work. That figure was 67% for institutions that didn't make the list.
Read on to learn more about the institutions that ranked from 36 to 70 on the 2023 Best Credit Unions to Work For.
(Asset totals and employee headcounts were provided by the credit unions at the time of application.)
