BalancedComp, the leader in compensation design for the financial industry, is excited to share a sneak-peek into average annual paychecks of people across the country who work at banks and credit unions, with specific numbers available from Dallas and Houston.

While Houston enjoys a lower cost of living than Dallas, exempt jobs are paid 5% higher. While these salaries represent the midpoint of the salary range, many banks and credit unions in these two markets would tag their midpoints at the 60th percentile because of direct competition with larger financial institutions. The maximum end of the salary range is generally 20% higher than the national average in these cities, and the minimum end of the range is about 20% lower.

With the impact of COVID-19 on financial institutions still unfolding, we’re here to help. At BalancedComp we monitor and advise clients on how the industry changes year by year, and sometimes, week by week.

If you need your organization’s salary ranges updated for your specific market and asset size, call us at (317) 927-2668.

Thanks to our annual salary survey, we’re able to provide you valuable insight into compensation in your industry. Your input creates powerful data to improve compensation and incentive plans across the country.

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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