Credit union manager vs underwriting manager

The differences between credit union managers and underwriting 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 an underwriting manager. Additionally, a credit union manager has an average salary of $154,238, which is higher than the $77,426 average annual salary of an underwriting manager.

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

Credit union manager vs underwriting manager overview

	Credit Union Manager	Underwriting Manager
Yearly salary	$154,238	$77,426
Hourly rate	$74.15	$37.22
Growth rate	17%	17%
Number of jobs	53,180	44,546
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 74%	Bachelor's Degree, 73%
Average age	46	46
Years of experience	8	8

Credit union manager vs underwriting manager salary

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

	Credit Union Manager	Underwriting Manager
Average salary	$154,238	$77,426
Salary range	Between $102,000 And $231,000	Between $50,000 And $119,000
Highest paying City	-	San Francisco, CA
Highest paying state	-	New York
Best paying company	-	W. R. Berkley
Best paying industry	-	Insurance

Differences between credit union manager and underwriting manager education

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

	Credit Union Manager	Underwriting Manager
Most common degree	Bachelor's Degree, 74%	Bachelor's Degree, 73%
Most common major	Business	Business
Most common college	University of Pennsylvania	Stanford University

Credit union manager vs underwriting manager demographics

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

	Credit Union Manager	Underwriting Manager
Average age	46	46
Gender ratio	Male, 37.8% Female, 62.2%	Male, 49.5% Female, 50.5%
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, 64.6% American Indian and Alaska Native, 0.3%
LGBT Percentage	11%	11%

Differences between credit union manager and underwriting 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.

Underwriting manager example responsibilities.

Manage the company underwriting department and coordinate origination efforts within OAIC, Ocwen's REIT.
Manage the execution of underwriting, portfolio analysis and account- base decision making in accordance with establish guidelines and processes.
Review of government sponsor (FHA, VA, USDA) loans to ensure adherence to specific policies and procedures.
Reduce number of loan input errors per file with quality underwrites, in which are further approve by FNMA & FHLMC
Direct all underwriting activities in the origination of home equity loans and lines of credit.
Train all staff members on successful sales techniques to help facilitate consumer, conventional, FHA, commercial mortgage loans.

Credit union manager vs underwriting 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 underwriting manager skills

Customer Service, 13%
Portfolio, 7%
Risk Management, 6%
Underwriting Guidelines, 6%
Financial Statements, 4%
Underwriting Process, 3%

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Credit Union Manager vs Underwriting Manager

Updated January 8, 2025

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