Credit unions had a staff turnover rate of 12% last year, compared with 9% in 2009 and 15% before the recession started, according to a survey released on Wednesday by CUNA.
The trade association reported that the management turnover rate was 5% in 2010, the same as in 2009 and down from 6% in 2008.
By contrast, front-line staff turnover was 18% last year, compared with 19% in 2009 and 20% in 2008.The report concluded that the high turnover among those kinds of staff members is "acceptable because this job classification includes several entry-level positions.
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