Navy and Pentagon credit unions add employees, hold down compensation costs

Northern Virginia-based Navy Federal Credit Union and Pentagon Federal Credit Union are doing a better than average job of holding down employee costs, even as they add new staffers.

That’s the picture that emerges from data I requested from SNL Financial, plus my review of additional information from the National Credit Union Administration.

A recent SNL analysis found median salary and benefit expenses as a percentage of assets at U.S. credit unions was 1.72 percent at the end of 2014. That’s…