FAIRBORN, Ohio (3/12/13)--After adding 49 jobs in 2012, Wright-Patt CU, Fairborn, Ohio, plans to add another 68 positions this year, helping its local economy.
The hiring is primarily driven by an increase in business at the credit union's mortgage lending lending subsidiary, myCU mortgage, Doug Fecher, president/CEO of the $2.5 billion credit union, told News Now Monday. Fecher estimates that one-third to a half of the new jobs will be credit unions positions leased to the subsidiary.
Last week, the National Credit Union Administration reported that credit unions posted $8.5 billion earnings for 2012, highest figure ever for the credit union industry, and a 36.1% increase from 2011's earnings total of $6.3 billion. Total credit union assets increased by $60 billion in 2012, taking federal credit union assets across the $1 trillion mark.
The economy in the Dayton, Ohio, area has been relatively flat, Fecher said. However, the credit union is affiliated with the Wright-Patterson Air Force base, which has "had a lot of strength." Fecher said."Some of the hiring is catch our breath and get the staff to reflect the size of the credit union," Fecher said. "We've been growing members at about 10% a year for the past three years."
The new jobs will be added across several areas, including information technology, lending, accounting, collections and branch staffing, Fecher said
Wright Patt plans to open two branches in 2013 and three to four more in 2014, if business conditions allow for it, he added.
The new branches will deploy video technology that allows tellers to serve members in multiple branches from a centralized location.
"This allows the tellers to be virtually anywhere they are needed without getting in their car and traveling," Fecher said. "It creates great efficiencies for us."