November 27, 2020  
 
  Business Information for Credit Unions  
  Credit Unions Resources for Entrepreneurs  
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Credit Unions

Credit Unions aren't as common as most other types of businesses in the U.S. Still, across the entire nation, there are more than 10,000 Credit Unions. Based on some simple math, it appears that each one of those Credit Unions serves about 30,000 citizens on average. Our analysis suggests that Credit Unions will typically employ 1 to 4 employees. Hence, Credit Unions are a noteworthy contributor to the small business economy.

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States with Credit Unions
(Ordered by # per 100,000 Residents)

  State Businesses Businesses per 100K Residents
1. District of Columbia 92 16.23
2. North Dakota 94 14.68
3. Utah 320 14.35
4. Alaska 75 12.00
5. Hawaii 142 11.72
6. South Dakota 82 10.93
7. Montana 98 10.88
8. Maine 136 10.69
9. Idaho 126 9.75
10. Vermont 56 9.20
11. Wisconsin 479 8.93
12. Wyoming 43 8.75
13. Iowa 253 8.65
14. Indiana 496 8.16
15. Louisiana 353 7.91
16. Alabama 340 7.65
17. Michigan 735 7.40
18. Washington 430 7.34
19. West Virginia 125 6.96
20. Kansas 187 6.96
21. Tennessee 393 6.92
22. Delaware 54 6.89
23. Connecticut 223 6.66
24. Oregon 222 6.50
25. Rhode Island 68 6.49
26. Nebraska 110 6.43
27. Colorado 272 6.32
28. South Carolina 250 6.23
29. Pennsylvania 756 6.16
30. Massachusetts 389 6.13
31. New Mexico 111 6.12
32. Minnesota 289 5.88
33. Ohio 656 5.79
34. Virginia 403 5.69
35. Texas 1,182 5.67
36. North Carolina 446 5.54
37. Mississippi 145 5.12
38. Illinois 595 4.79
39. New Hampshire 59 4.77
40. Nevada 95 4.77
41. Arizona 237 4.62
42. Oklahoma 159 4.61
43. Florida 720 4.51
44. Missouri 240 4.29
45. Kentucky 169 4.19
46. Maryland 219 4.13
47. California 1,397 4.13
48. Georgia 324 4.01
49. New York 727 3.83
50. New Jersey 308 3.66
51. Arkansas 91 3.41

Number of Credit Unions by Number of Employees
(Data for Entire United States)

RangeNumber of Employees
1 to 45670
5 to 94344
10 to 193334
20 to 491833
50 to 99513
100 to 249241
250 to 49940
500 to 9997
1000 or more3

More Businesses:
Savings Institutions   |  Other Depository Credit Intermediation

 

 

 

 

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