We’re excited to share our first sneak peek into the average compensation for across the country for positions in banks and credit unions. 

Just a couple of weeks ago, it seemed like a great time to look for work. Employee confidence was at an all-time high, partly due to the conviction that workers could replace their current position with another one at the same salary or higher. 

That all changed with the onset of the COVID-19 virus, which has led to massive layoffs and furloughs. It will be fascinating to see how these median salaries have changed by next year at this time.

Thanks to our annual salary survey, we’re able to provide you valuable insight into compensation in your industry. We invite you to take the new BalancedComp 2020 Salary & Incentive Survey for financial institutions now through June 5, 2020. Participants save $400 on the full results, and they are automatically entered to win one of two Butcher’s Bundles from Omaha Steaks, valued at $375. 

Tellers

Asset Size	Credit Unions	Banks
$100M – $200M	$26,165	$26,181
$200M – $400M	$26,533	$26,559
$400M – $600M	$26,681	$26,699
$600M – $1B	$26,663	$26,741
$1B – $2B	$27,112	$27,149
$2B – $4B	$27,065	$27,226

 

Customer Service Reps

Asset Size	Credit Unions	Banks
$100M – $200M	$30,981	$31,425
$200M – $400M	$31,148	$31,370
$400M – $600M	$31,841	$31,908
$600M – $1B	$32,182	$31,952
$1B – $2B	$32,480	$32,000
$2B – $4B	$33,200	$32,475

 

Accounting Specialist

Asset Size	Credit Unions	Banks
$100M – $200M	$37,093	$37,728
$200M – $400M	$37,798	$38,354
$400M – $600M	$38,224	$38,781
$600M – $1B	$38,083	$38,807
$1B – $2B	$39,199	$39,236
$2B – $4B	$39,482	$40,185

 

Help Desk Specialist

Asset Size	Credit Unions	Banks
$100M – $200M	$40,148	$40,647
$200M – $400M	$41,994	$41,229
$400M – $600M	$42,208	$42,323
$600M – $1B	$43,175	$42,960
$1B – $2B	$43,943	$44,073
$2B – $4B	$43,965	$43,975

 

Trainer

Asset Size	Credit Unions	Banks
$100M – $200M	$46,135	$48,285
$200M – $400M	$47,352	$48,244
$400M – $600M	$47,510	$48,093
$600M – $1B	$48,254	$48,634
$1B – $2B	$49,221	$49,404
$2B – $4B	$50,274	$50,551

 

Consumer Loan Underwriter

Asset Size	Credit Unions	Banks
$100M – $200M	$49,029	$49,036
$200M – $400M	$50,271	$51,260
$400M – $600M	$52,589	$52,626
$600M – $1B	$53,472	$53,340
$1B – $2B	$55,062	$53,157
$2B – $4B	$45,739	$55,283

 

Degreed Accountant I

Asset Size	Credit Unions	Banks
$100M – $200M	$51,584	$52,218
$200M – $400M	$51,047	$52,425
$400M – $600M	$52,029	$52,874
$600M – $1B	$52,863	$53,377
$1B – $2B	$53,143	$53,756
$2B – $4B	$54,647	$55,164

 

Branch Manager I

Asset Size	Credit Unions	Banks
$100M – $200M	$55,087	$55,462
$200M – $400M	$56,268	$56,782
$400M – $600M	$57,452	$57,753
$600M – $1B	$58,597	$58,233
$1B – $2B	$60,578	$59,489
$2B – $4B	$62,106	$60,540

 

Mortgage Underwriter

Asset Size	Credit Unions	Banks
$100M – $200M	$59,311	$59,575
$200M – $400M	$61,742	$61,415
$400M – $600M	$63,094	$64,241
$600M – $1B	$63,922	$63,867
$1B – $2B	$63,663	$63,939
$2B – $4B	$63,457	$65,703

 

Financial Analyst

Asset Size	Credit Unions	Banks
$100M – $200M	$63,047	$61,774
$200M – $400M	$65,015	$64,592
$400M – $600M	$65,237	$64,212
$600M – $1B	$65,453	$66,068
$1B – $2B	$70,308	$70,088
$2B – $4B	$67,637	$69,943

 

Marketing Manager

Asset Size	Credit Unions	Banks
$100M – $200M	$67,243	$69,804
$200M – $400M	$72,784	$73,255
$400M – $600M	$75,549	$78,003
$600M – $1B	$79,303	$78,462
$1B – $2B	$87,311	$85,329
$2B – $4B	$90,660	$89,135

 

Compliance Manager

Asset Size	Credit Unions	Banks
$100M – $200M	$77,751	$76,623
$200M – $400M	$78,589	$81,292
$400M – $600M	$79,620	$83,264
$600M – $1B	$84,230	$87,865
$1B – $2B	$97,072	$95,458
$2B – $4B	$100,590	$111,555

 

VP of HR

Asset Size	Credit Unions	Banks
$100M – $200M	$89,027	$91,693
$200M – $400M	$108,019	$109,868
$400M – $600M	$120,546	$117,902
$600M – $1B	$132,023	$129,718
$1B – $2B	$152,042	$154,317
$2B – $4B	$177,480	$179,539

 

Controller

Asset Size	Credit Unions	Banks
$100M – $200M	$96,274	$94,071
$200M – $400M	$98,956	$94,908
$400M – $600M	$104,263	$101,516
$600M – $1B	$109,311	$106,727
$1B – $2B	$121,064	$120,791
$2B – $4B	$130,562	$133,836

 

IT Executive

Asset Size	Credit Unions	Banks
$100M – $200M	$97,699	$102,792
$200M – $400M	$124,622	$120,723
$400M – $600M	$137,388	121,069
$600M – $1B	$150,129	$147,360
$1B – $2B	$175,797	$177,917
$2B – $4B	$190,593	$189,758

 

CFO

Asset Size	Credit Unions	Banks
$100M – $200M	$121,413	$124,642
$200M – $400M	$148,460	$149,059
$400M – $600M	$165,054	$164,261
$600M – $1B	$184,471	$189,818
$1B – $2B	$224,743	$231,016
$2B – $4B	$252,797	$257,298

 

CEO

Asset Size	Credit Unions	Banks
$100M – $200M	$192,939	$197,211
$200M – $400M	$245,877	$247,091
$400M – $600M	$296,376	$290,821
$600M – $1B	$331,020	$323,206
$1B – $2B	$447,448	$443,134
$2B – $4B	$513,444	$516,886

 

*All these figures need to be factored by an individual geographical wage differential to be accurate for a specific market

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