Good Businesses to Start

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.
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.
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.
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.
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.
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.
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.
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)

Range
Number of Employees
1 to 4
5670
5 to 9
4344
10 to 19
3334
20 to 49
1833
50 to 99
513
100 to 249
241
250 to 499
40
500 to 999
7
1000 or more
3

More Businesses:
Savings Institutions   |  Other Depository Credit Intermediation

 

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