How Does Your Salary Stack Up?

Credit Union Magazine
June 23, 2005

Compensation plays a key role in finding and keeping key staff, whether they’re executives or front-line employees. CUNA’s Center for Research & Advice is a trusted source for salary and benefits statistics for years, which help credit unions develop successful compensation programs. See how your average base salary stacks up for executives, managers, and staff.

Average Base Salaries

Executives

CEO ($100 million+ in assets)	$165,443
CEO (overall)	$74,581
Executive vice president	$53,654
Chief financial officer	$71,469
Chief operations officer	$62,370
Chief information officer	$71,803
Vice president, member service	$43,181
Vice president, business services	$53,869
Vice president, lending	$56,007
Vice president, consumer loans	$47,496
Vice president, mortgages	$54,789
Vice president, business loans	$63,705
Vice president, collections	$44,155
Vice president, information systems	$73,782
Vice president, marketing	$58,878
Vice president, human resources	$67,158
Vice president, internal audit	$69,542
Vice president, investments	$66,635
Vice president, branch operations	$55,661
Vice president, accounting	$59,344

Managers

Teller manager	$33,704
Share draft manager	$36,805
Plastic card manager	$40,509
Information systems manager	$56,534
Branch manager II	$46,071
Branch manager I	$40,540
Training director	$51,217
Internal audit manager	$53,078
Marketing manager	$46,985
Business development manager	$48,115
Human resources manager	$50,486
Investment manager	$60,914
Accounting manager	$45,808

Staff

Accountant	$34,501
Financial planner	$46,180
Systems analyst	$42,206
Marketing specialist	$35,019
Business development rep	$36,351
Loan officer II	$33,709
Loan officer I	$28,161
Loan processor	$25,029
Loan clerk	$23,686
Business loan officer II	$48,054
Business loan officer I	$40,121
Consumer loan officer II	$35,918
Consumer loan officer I	$31,685
Consumer loan processor/clerk	$26,158
Mortgage officer II	$37,288
Mortgage officer I	$33,239
Mortgage processor/clerk	$28,384
Collector/adjuster	$30,381
Collection clerk	$26,198

MSR II	$26,421
MSR I	$23,889
Head teller	$26,167
Teller II	$22,382
Teller I	$20,553
Share draft clerk	$24,712
EFT/ACH clerk	$26,916
Executive secretary	$35,734
Secretary	$27,192
Receptionist	$21,926
New accounts clerk	$24,684
General office clerk	$23,000
IRA/certificate specialist	$30,359
Small CU generalist	$23,989

Sources: CUNA’s 2004 Complete Credit Union Staff Salary Survey and 2004-2005 CEO Total Compensation Survey. Consult these reports for compensation comparisons by asset size, geographic region, charter type, and other factors.

This story was originally published in Credit Union Magazine at www.creditunionmagazine.com and is reprinted with permission.

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How Does Your Salary Stack Up?