“It sucks … The Warriors’ Draymond Green was in mourning Monday for a friend who died over the weekend after being hit by a train in Albion, Michigan. Zachary Winston, 19, a student and basketball player at Albion College, intentionally stepped in front of the train, the Detroit Free Press reported, via the Battle Creek Enquirer.Zachary Winston’s brother Cassius plays for Michigan State, Green’s alma mater.CLICK HERE if you are having a problem viewing the video on a mobile device
ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading » The U.S. unemployment rate ticked up slightly in the last month of 2018, from 3.7% in October and November to 3.9% in December. Still, that was down from 4.4% one year earlier and is the lowest year-end rate since 1969. For their part, credit unions employed 305,312 full-time equivalent (FTE) employees as of Dec. 31, 2018, a 4.3% increase from last year-end. Growth in FTE employees — calculated as 100% of an institution’s full-time employees plus 50% of its part-time employees — kept pace with the industry’s 4.4% year-over-year membership growth; as such, the number of members per employee in the industry held steady at 385.In 2018, credit union employees earned a combined $22.9 billion in salaries and benefits. That’s up 7.6% year-over-year. To retain top talent, credit unions spent on average $4.2 million on salaries and benefits. The growth dynamic between total compensation and FTEs resulted in a $2,319 increase in average compensation per employee, which rose from $72,829 at year-end 2017 to $75,148 at year-end 2018. Salary and benefits are typically a credit union’s largest expenditure. At the end of 2018, compensation accounted for 50.9% of total non-interest expenses for the industry.As the number of employees increases, employee efficiency also rises. Total revenue per salary and benefits, a productivity metric that measures how much revenue a credit union generates per dollar spent on employee compensation, increased 15 cents yearover-year to $3.24 as of Dec. 31, 2018. Total income per employee expanded 8.2% year-over-over from $225,141 in the fourth quarter of 2017 to $243,700 in the fourth quarter of 2018.