Credit union manager vs risk manager

The differences between credit union managers and risk 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 risk manager. Additionally, a credit union manager has an average salary of $154,238, which is higher than the $116,072 average annual salary of a risk manager.

The top three skills for a credit union manager include member service, loan applications and financial institutions. The most important skills for a risk manager are oversight, risk assessments, and project management.

Credit union manager vs risk manager overview

	Credit Union Manager	Risk Manager
Yearly salary	$154,238	$116,072
Hourly rate	$74.15	$55.80
Growth rate	17%	17%
Number of jobs	53,180	75,795
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 74%	Bachelor's Degree, 66%
Average age	46	46
Years of experience	8	8

Credit union manager vs risk manager salary

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

	Credit Union Manager	Risk Manager
Average salary	$154,238	$116,072
Salary range	Between $102,000 And $231,000	Between $84,000 And $160,000
Highest paying City	-	San Francisco, CA
Highest paying state	-	California
Best paying company	-	Credit Karma
Best paying industry	-	Technology

Differences between credit union manager and risk manager education

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

	Credit Union Manager	Risk Manager
Most common degree	Bachelor's Degree, 74%	Bachelor's Degree, 66%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Credit union manager vs risk manager demographics

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

	Credit Union Manager	Risk Manager
Average age	46	46
Gender ratio	Male, 37.8% Female, 62.2%	Male, 59.3% Female, 40.7%
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, 7.5% Unknown, 4.1% Hispanic or Latino, 14.4% Asian, 10.1% White, 63.5% American Indian and Alaska Native, 0.3%
LGBT Percentage	11%	11%

Differences between credit union manager and risk 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.

Risk manager example responsibilities.

Lead team in addressing Sarbanes-Oxley, HIPAA, and SAS70 compliance and control mandates.
Develop procedures and policies to manage site implementation of successful JD Edwards ERP system.
Direct staff, manage A/R and reconciliations, petty cash disbursements and tracking of all incoming claims and payments.
Manage the loan loss receivables SAS data mart, document change initiatives, implement SAS coding changes and process ongoing updates.
Manage accounting procedures and general ledger reconciliations.
Lead SOX project planning and implementation, successfully implement the corporate governance policies and internal control framework.

Credit union manager vs risk 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 risk manager skills

Oversight, 10%
Risk Assessments, 6%
Project Management, 6%
Portfolio, 5%
Strong Analytical, 4%
Operational Risk, 4%