Credit union manager vs credit manager

The differences between credit union managers and credit 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 credit manager. Additionally, a credit union manager has an average salary of $154,238, which is higher than the $68,583 average annual salary of a credit manager.

The top three skills for a credit union manager include member service, loan applications and financial institutions. The most important skills for a credit manager are customer service, financial statements, and credit card.

Credit union manager vs credit manager overview

	Credit Union Manager	Credit Manager
Yearly salary	$154,238	$68,583
Hourly rate	$74.15	$32.97
Growth rate	17%	17%
Number of jobs	53,180	63,898
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 74%	Bachelor's Degree, 67%
Average age	46	46
Years of experience	8	8

Credit union manager vs credit manager salary

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

	Credit Union Manager	Credit Manager
Average salary	$154,238	$68,583
Salary range	Between $102,000 And $231,000	Between $39,000 And $119,000
Highest paying City	-	San Francisco, CA
Highest paying state	-	Oregon
Best paying company	-	Microsoft
Best paying industry	-	Finance

Differences between credit union manager and credit manager education

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

	Credit Union Manager	Credit Manager
Most common degree	Bachelor's Degree, 74%	Bachelor's Degree, 67%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Credit union manager vs credit manager demographics

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

	Credit Union Manager	Credit Manager
Average age	46	46
Gender ratio	Male, 37.8% Female, 62.2%	Male, 53.9% Female, 46.1%
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, 7.9% Unknown, 4.1% Hispanic or Latino, 15.3% Asian, 7.8% White, 64.5% American Indian and Alaska Native, 0.3%
LGBT Percentage	11%	11%

Differences between credit union manager and credit 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.

Credit manager example responsibilities.

Manage treasury department including all cash management, bank relationships, and debt negotiations.
Manage an initiative to move customers from checks to ACH with CTX or EDI remittances.
Partner with small and entrepreneurial business to develop business plans and assist business owners with achieving payroll.
Launch the new SBA lending and residential mortgage lending programs.
Complete loan workouts and restructures on SBA 504 and LIHTC multifamily loans.
Leverage GBM using features generate on Experian's tradeline data through unsupervise learning tool Khiops.

Credit union manager vs credit 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 credit manager skills

Customer Service, 16%
Financial Statements, 9%
Credit Card, 5%
Credit Risk, 5%
Credit Policy, 5%
Customer Accounts, 4%