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Credit union manager vs finance manager

The differences between credit union managers and finance 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 finance manager. Additionally, a credit union manager has an average salary of $154,238, which is higher than the $101,374 average annual salary of a finance manager.

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

Credit union manager vs finance manager overview

Credit Union ManagerFinance Manager
Yearly salary$154,238$101,374
Hourly rate$74.15$48.74
Growth rate17%17%
Number of jobs53,180125,345
Job satisfaction-5
Most common degreeBachelor's Degree, 74%Bachelor's Degree, 66%
Average age4646
Years of experience88

Credit union manager vs finance manager salary

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

Credit Union ManagerFinance Manager
Average salary$154,238$101,374
Salary rangeBetween $102,000 And $231,000Between $71,000 And $144,000
Highest paying City-New York, NY
Highest paying state-New York
Best paying company-Barclays
Best paying industry-Finance

Differences between credit union manager and finance manager education

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

Credit Union ManagerFinance Manager
Most common degreeBachelor's Degree, 74%Bachelor's Degree, 66%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Credit union manager vs finance manager demographics

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

Credit Union ManagerFinance Manager
Average age4646
Gender ratioMale, 37.8% Female, 62.2%Male, 60.0% Female, 40.0%
Race ratioBlack 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, 7.6% Unknown, 4.1% Hispanic or Latino, 14.6% Asian, 10.2% White, 63.2% American Indian and Alaska Native, 0.3%
LGBT Percentage11%11%

Differences between credit union manager and finance 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.

Finance manager example responsibilities.

  • Manage the preparation of monthly reporting packs and board presentations with robust variance analysis, commentaries and forward looking KPIs.
  • Manage a team of sales persons, business managers, sales manager, A/R, A/P, and general managers.
  • Lead successful sales team and provide direct oversight on overall dealership business profitability.
  • Manage accounts payable/receivable, deposits, payroll preparation, purchasing and inventory management, liaison to accountant.
  • Oversee financial analysis, financial audits, G/L, A/R, A/P and fixed-asset accounting in accordance with GAAP standards.
  • Execute simple SQL queries to validate data in tables.
  • Show more

Credit union manager vs finance 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 finance manager skills
  • Financial Analysis, 7%
  • CPA, 7%
  • Customer Service, 6%
  • Hyperion, 4%
  • Financial Models, 4%
  • Strong Analytical, 4%

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