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Credit officer salary
Average credit officer salary
$129,478
Understanding Credit Officer Salaries
A Credit Officer plays a vital role in analyzing credit data and financial statements to determine the risk involved in lending money to individuals or businesses. As of October 2025, the average annual salary for a Credit Officer stands at $129,478. Factors influencing this salary include location, years of experience, and specific job responsibilities.
In states like California and New York, Credit Officers tend to earn higher salaries due to the cost of living and demand for financial services. For instance, locations with robust banking sectors often offer competitive compensation. Additionally, positions that require advanced financial analysis skills may attract higher salaries.
Moreover, Credit Officers with several years of experience or those who take on managerial roles can command significantly higher wages. Exploring salary estimates and job trends across various regions can provide valuable insights for aspiring professionals in this field.
Whether you’re starting your career or looking to advance, understanding the salary landscape can help you make informed decisions about your career trajectory.
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Where can a Credit Officer earn more?
Credit officer salary estimates from across the web
Average credit officer salary by state
The highest-paying states for credit officers are New York, New Hampshire, and Vermont. The lowest average credit officer salary states are Arkansas, Oklahoma, and Tennessee.
- State view
- County view
Highest paying states for credit officers
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | New York | $160,301 | $77.07 |
| 2 | Vermont | $143,073 | $68.79 |
| 3 | North Carolina | $136,477 | $65.61 |
| 4 | Nevada | $132,225 | $63.57 |
| 5 | New Hampshire | $144,294 | $69.37 |
| 6 | Massachusetts | $134,082 | $64.46 |
| 7 | Rhode Island | $130,262 | $62.63 |
| 8 | New Jersey | $132,181 | $63.55 |
| 9 | Virginia | $132,601 | $63.75 |
| 10 | Connecticut | $137,423 | $66.07 |
| 11 | Delaware | $140,480 | $67.54 |
| 12 | Maine | $124,988 | $60.09 |
| 13 | Oregon | $137,461 | $66.09 |
| 14 | Alabama | $126,745 | $60.94 |
| 15 | Wyoming | $130,391 | $62.69 |
| 16 | Georgia | $123,533 | $59.39 |
| 17 | Michigan | $121,385 | $58.36 |
| 18 | Illinois | $120,075 | $57.73 |
| 19 | Maryland | $129,109 | $62.07 |
| 20 | Pennsylvania | $127,036 | $61.08 |
| 21 | Washington | $128,191 | $61.63 |
| 22 | District of Columbia | $142,247 | $68.39 |
| 23 | Iowa | $115,928 | $55.73 |
| 24 | California | $134,610 | $64.72 |
| 25 | West Virginia | $119,231 | $57.32 |
| 26 | Ohio | $117,863 | $56.66 |
| 27 | North Dakota | $108,216 | $52.03 |
| 28 | Texas | $119,091 | $57.26 |
| 29 | Minnesota | $109,963 | $52.87 |
| 30 | Arizona | $107,920 | $51.88 |
| 31 | Kansas | $110,231 | $53.00 |
| 32 | South Dakota | $107,050 | $51.47 |
| 33 | Colorado | $107,858 | $51.85 |
| 34 | Kentucky | $108,908 | $52.36 |
| 35 | Alaska | $118,940 | $57.18 |
| 36 | Indiana | $104,684 | $50.33 |
| 37 | Nebraska | $103,285 | $49.66 |
| 38 | South Carolina | $107,517 | $51.69 |
| 39 | Mississippi | $94,138 | $45.26 |
| 40 | Wisconsin | $104,096 | $50.05 |
| 41 | Missouri | $103,538 | $49.78 |
| 42 | Montana | $108,946 | $52.38 |
| 43 | Idaho | $88,141 | $42.38 |
| 44 | Florida | $106,872 | $51.38 |
| 45 | New Mexico | $95,464 | $45.90 |
| 46 | Oklahoma | $91,059 | $43.78 |
| 47 | Tennessee | $90,662 | $43.59 |
| 48 | Arkansas | $93,835 | $45.11 |
| 49 | Louisiana | $89,302 | $42.93 |
| 50 | Hawaii | $102,366 | $49.21 |
| 51 | Utah | $88,364 | $42.48 |
Highest paying cities for credit officers
The highest-paying cities for credit officers are New York, NY, Burlington, VT, and San Francisco, CA.
| Rank | City | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | New York, NY | $162,805 | $78.27 |
| 2 | Burlington, VT | $143,695 | $69.08 |
| 3 | San Francisco, CA | $142,448 | $68.48 |
| 4 | Wilmington, DE | $141,500 | $68.03 |
| 5 | Wilmington, NC | $138,008 | $66.35 |
| 6 | Portland, OR | $137,983 | $66.34 |
| 7 | Stamford, CT | $137,232 | $65.98 |
| 8 | Burlington, MA | $134,571 | $64.70 |
| 9 | Richmond, VA | $132,901 | $63.89 |
| 10 | Trenton, NJ | $131,848 | $63.39 |
| 11 | Providence, RI | $130,548 | $62.76 |
| 12 | Baltimore, MD | $129,669 | $62.34 |
| 13 | Portland, ME | $125,365 | $60.27 |
| 14 | Pittsburgh, PA | $124,826 | $60.01 |
| 15 | Atlanta, GA | $123,944 | $59.59 |
| 16 | Austin, TX | $120,683 | $58.02 |
| 17 | Chicago, IL | $120,607 | $57.98 |
| 18 | Columbus, OH | $117,555 | $56.52 |
| 19 | West Des Moines, IA | $115,052 | $55.31 |
| 20 | Jacksonville, FL | $111,836 | $53.77 |
Credit officer salary details
A credit officer's salary ranges from $85,000 a year at the 10th percentile to $196,000 at the 90th percentile.
What is a credit officer's salary?
| Percentile | Annual salary | Monthly salary | Hourly rate |
|---|---|---|---|
| 90th Percentile | $196,000 | $16,333 | $94 |
| 75th Percentile | $161,000 | $13,417 | $77 |
| Average | $129,478 | $10,790 | $62 |
| 25th Percentile | $103,000 | $8,583 | $50 |
| 10th Percentile | $85,000 | $7,083 | $41 |
Highest paying credit officer jobs
The highest paying types of credit officers are senior credit analyst, credit risk analyst, and bank officer.
| Job title | Annual salary | Monthly salary | Hourly rate | Job openings |
|---|---|---|---|---|
| Loan Analyst | $37,857 | $3,155 | $18.20 | 24,756 |
| Mortgage Consultant | $38,934 | $3,245 | $18.72 | 24,057 |
| Loan Administrator | $42,859 | $3,572 | $20.61 | 63,708 |
| Loan Originator | $41,291 | $3,441 | $19.85 | 10,716 |
| Closer | $29,291 | $2,441 | $14.08 | 7,560 |
| Mortgage Banker | $27,331 | $2,278 | $13.14 | 24,297 |
Top companies hiring credit officers now:
Which companies pay credit officers the most?
Credit officer salaries at Farm Credit System and ARES are the highest-paying according to our most recent salary estimates. In addition, the average credit officer salary at companies like Sumitomo Mitsui Financial Group and Western Alliance Bank are highly competitive.
| Rank | Company | Average salary | Hourly rate |
|---|---|---|---|
| 1 | Farm Credit System | $144,532 | $69.49 |
| 2 | ARES | $141,504 | $68.03 |
| 3 | Sumitomo Mitsui Financial Group | $140,686 | $67.64 |
| 4 | Western Alliance Bank | $138,925 | $66.79 |
| 5 | J.P. Morgan | $138,378 | $66.53 |
| 6 | Commerzbank Ag | $138,338 | $66.51 |
| 7 | AIG | $138,086 | $66.39 |
| 8 | GBC International Bank | $137,886 | $66.29 |
| 9 | MUFG EMEA | $137,002 | $65.87 |
| 10 | Silicon Valley Bank | $136,215 | $65.49 |
| 11 | Capital Farm Credit | $136,160 | $65.46 |
| 12 | Westpac | $135,856 | $65.32 |
| 13 | Barclays | $135,673 | $65.23 |
| 14 | Toyota Financial Svc | $135,613 | $65.20 |
| 15 | First Foundation | $134,550 | $64.69 |
| 16 | BNP Paribas | $132,603 | $63.75 |
| 17 | UBS | $131,770 | $63.35 |
| 18 | ING USA Holding Corporation | $131,732 | $63.33 |
| 19 | Bank of the Ozarks | $130,928 | $62.95 |
| 20 | CFA Institute | $130,903 | $62.93 |
Wage gap by gender, race and education
Credit officer salary trends
The average credit officer salary has risen by $24,593 over the last ten years. In 2014, the average credit officer earned $104,885 annually, but today, they earn $129,478 a year. That works out to a 7% change in pay for credit officers over the last decade.
Compare credit officer salaries for cities or states with the national average over time.
Average credit officer salary over time
Compare credit officer salaries for individual cities or states with the national average.
Credit officer salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2025 | $129,000 | $62.25 | +1.8% |
| 2024 | $127,000 | $61.15 | +2.9% |
| 2023 | $124,000 | $59.38 | +0.3% |
| 2022 | $123,000 | $59.19 | +1.9% |
| 2021 | $121,000 | $58.06 | +0.4% |
Recently added credit officer salaries
| Company | Job | Location | Date added | Salary |
|---|---|---|---|---|
| Locus | Credit Risk Officer II | Richmond, VA | 06/30/2025 | $95,000 |
| Byline Bank | Credit Officer | Chicago, IL | 06/29/2025 | $104,000 |
| Hanmi Bank | SBA Credit Officer | Los Angeles, CA | 06/29/2025 | $55,000 |
| MUFG Americas Holdings | Credit Officer-FI Coverage, Vice President | Day, NY | 06/29/2025 | $142,000 |
| Southstate Bank, National Association | SR Credit Risk Review Officer (Remote) | Boone, CO | 06/29/2025 | $107,924 |
| Bank of America | Commercial Credit Officer | Scottsdale, AZ | 06/28/2025 | $125,000 |
| Bank of America | Leasing Credit Officer II | Chicago, IL | 06/28/2025 | $70,000 |
| M&T Bank | Senior Credit Officer-Healthcare/Nfp | Clanton, AL | 06/27/2025 | $161,715 |
| Global Credit Union | Special Credits Control Officer I, II, III | Spokane, WA | 06/27/2025 | $63,233 |
| Citizens Business Bank | Credit Officer II | Fresno, CA | 06/26/2025 | $87,612 |
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