Credit union manager vs collections manager

The differences between credit union managers and collections managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both a credit union manager and a collections manager. Additionally, a credit union manager has an average salary of $154,238, which is higher than the $59,529 average annual salary of a collections manager.

The top three skills for a credit union manager include member service, loan applications and financial institutions. The most important skills for a collections manager are customer service, collection management, and portfolio.

Credit union manager vs collections manager overview

	Credit Union Manager	Collections Manager
Yearly salary	$154,238	$59,529
Hourly rate	$74.15	$28.62
Growth rate	17%	17%
Number of jobs	53,180	44,553
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 74%	Bachelor's Degree, 51%
Average age	46	46
Years of experience	8	8

Credit union manager vs collections manager salary

Credit union managers and collections managers have different pay scales, as shown below.

	Credit Union Manager	Collections Manager
Average salary	$154,238	$59,529
Salary range	Between $102,000 And $231,000	Between $42,000 And $83,000
Highest paying City	-	New York, NY
Highest paying state	-	New York
Best paying company	-	Amazon
Best paying industry	-	Health Care

Differences between credit union manager and collections manager education

There are a few differences between a credit union manager and a collections manager in terms of educational background:

	Credit Union Manager	Collections Manager
Most common degree	Bachelor's Degree, 74%	Bachelor's Degree, 51%
Most common major	Business	Business
Most common college	University of Pennsylvania	Stanford University

Credit union manager vs collections manager demographics

Here are the differences between credit union managers' and collections managers' demographics:

	Credit Union Manager	Collections Manager
Average age	46	46
Gender ratio	Male, 37.8% Female, 62.2%	Male, 50.8% Female, 49.2%
Race ratio	Black or African American, 8.2% Unknown, 4.1% Hispanic or Latino, 14.9% Asian, 7.7% White, 64.7% American Indian and Alaska Native, 0.3%	Black or African American, 8.0% Unknown, 4.1% Hispanic or Latino, 15.5% Asian, 7.3% White, 64.7% American Indian and Alaska Native, 0.3%
LGBT Percentage	11%	11%

Differences between credit union manager and collections manager duties and responsibilities

Credit union manager example responsibilities.

Supervise staff of 20-30 credit professionals managing an $80 - $100 million A/R portfolio consistently exceeding aging goals.
Balance and keypunch payroll deductions.
Work with secure transactions, including UCC financing statements and security agreements.

Collections manager example responsibilities.

Achieve 182 FTE save, and annual net saving of $2.8MM
Manage Medicaid accounts in effort to receive payment from them.
Manage self pay and Medicaid pending collections throughout the southeast region.
Organize the managed care effort to ensure that patients are not accept from incorrect PPO's and HMO's.
Create and implement new quantitative process to achieve corporate DSO targets that determines monthly cash collection targets by business unit.
Achieve historical low of six percent in A/R over 30 days past due and reduction of DSO to 53 days.

Credit union manager vs collections manager skills

Common credit union manager skills

Member Service, 15%
Loan Applications, 12%
Financial Institutions, 12%
Cash Management, 10%
Credit Unions, 9%
Payroll, 7%

Common collections manager skills

Customer Service, 15%
Collection Management, 9%
Portfolio, 7%
FDCPA, 5%
Delinquent Accounts, 4%
Credit Card, 4%

Credit Union Manager vs. similar jobs

Credit Union Manager related careers

Credit Union Manager related jobs

What similar roles do

Zippia Careers
Executive Management Industry
Credit Union Manager
Credit Union Manager vs Collections Manager

Updated January 8, 2025

Browse executive management jobs