Commercial Loan Officer Salary at 1St United Bank BETA

How much does a 1St United Bank Commercial Loan Officer make?

As of December 2024, the average annual salary for a Commercial Loan Officer at 1St United Bank is $61,899, which translates to approximately $30 per hour. Salaries for Commercial Loan Officer at 1St United Bank typically range from $54,680 to $69,558, reflecting the diverse roles within the company.

It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.

DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

1st United Bank Overview

Website:
1stunited.com
Size:
50 - 100 Employees
Revenue:
$10M - $50M
Industry:
Financial Services

1st United Bank was founded in 1920, it is a financial institution headquartered in Faribault, Minnesota. 1st United Bank has a main location in Faribault in addition to a branch with ATM in Owatonna, Minnesota to best serve their local communities.

See similar companies related to 1St United Bank

What Skills Does a person Need at 1St United Bank?

At 1St United Bank, specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

  1. Commercial Loans: A commercial loan is a debt-based funding arrangement between a business and a financial institution such as a bank. It is typically used to fund major capital expenditures and/or cover operational costs that the company may otherwise be unable to afford.
  2. Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
  3. Business Development: Business development entails tasks and processes to develop and implement growth opportunities within and between organizations. It is a subset of the fields of business, commerce and organizational theory. Business development is the creation of long-term value for an organization from customers, markets, and relationships. Business development can be taken to mean any activity by either a small or large organization, non-profit or for-profit enterprise which serves the purpose of ‘developing’ the business in some way. In addition, business development activities can be done internally or externally by a business development consultant. External business development can be facilitated through Planning Systems, which are put in place by governments to help small businesses. In addition, reputation building has also proven to help facilitate business development.
  4. Underwriting: Underwriting services are provided by some large financial institutions, such as banks, or insurance or investment houses, whereby they guarantee payment in case of damage or financial loss and accept the financial risk for liability arising from such guarantee. An underwriting arrangement may be created in a number of situations including insurance, issue of securities in a public offering, and bank lending, among others. The person or institution that agrees to sell a minimum number of securities of the company for commission is called the underwriter. The name derives from the Lloyd's of London insurance market. Financial bankers, who would accept some of the risk on a given venture (historically a sea voyage with associated risks of shipwreck) in exchange for a premium, would literally write their names under the risk information that was written on a Lloyd's slip created for this purpose.
  5. Customer Service: Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.

Related Jobs

Crown Bank
Edina , MN

Job Description Job Description General Summary Presents a positive image of Crown Bank while providing administrative support for the bank’s commercial, real estate and consumer lending functions. This position works closely with lenders to assist with all aspects of the loan process from start to finish. Must provide a high level of customer service to both internal and external customers while maintaining professionalism and efficiency. Major Responsibilities and Duties 1. Partner with Operations Director and Lending Team to organize priorities for the administrative workload for assigned area of responsibility 2. Prepare loan documents, books and funds loans, ensures collateral perfection, processes payments, and provides ongoing loan maintenance 3. Order title, appraisal, flood, UCC searches and any other services needed for the loan 4. Process Loan Participations – both purchased and sold 5. Enter and update the loan exception tracking system 6. Answer telephone, accepting and gi


Sponsored
12/11/2024 12:00:00 AM
Wings Financial Credit Union
Saint Paul , MN

This position is responsible for acquiring, expanding, and enriching current and future member relationships by assisting and educating members in opening and managing their accounts and finances, building long-term relationships, and cross-selling t Universal Banker, Part Time, Banker, Business, Skills


Sponsored
12/11/2024 12:00:00 AM
Wings Financial
Saint Paul , MN

This is a Part-Time role, 20 hours per week. Must be available to work 3 Saturdays per month from 8:30am-1:30pm. PRIMARY PURPOSE: This position is responsible for acquiring, expanding, and enriching current and future member relationships by assisting and educating members in opening and managing their accounts and finances, building long-term relationships, and cross-selling the products and services that will help them be financially successful. Providing personalized, professional service to all members in an exceptional manner, and seeking out opportunities for additional business. ESSENTIAL FUNCTIONS include the following: Assist members with basic requests related to opening new accounts, completing service requests, and submitting credit applications. Proactively educate members on the features and benefit of the Credit Union's products and services and actively cross sell and make qualified referrals for additional appropriate loan, deposit and fee income products and services.


Sponsored
12/11/2024 12:00:00 AM
Frandsen Bank
Montgomery , MN

The Universal Banker must provide a high level of professional communication, attention to detail, and technical skills to provide exceptional customer service.Must proactively identify opportunities to expand customer relationships by engaging in deep and meaningful conversations.The ability to make customer introductions to banking partners is a key responsibility of this position. Engage in professionally helpful, curious, and courageous customer conversations to identify specific needs and make customized recommendations Proactively reach out to customers in-person and by phone to reinforce and deepen relationships Proficiently and accurately open all types of consumer and non-consumer deposit accounts and services Enhances the team environment by providing leadership and ongoing training to work group Maintain exceptional cash handling skills and accurate balancing Diligently examine all transactions to prevent losses and deter fraudulent activity Minimum Requirements Education A


Sponsored
12/10/2024 12:00:00 AM
Wells Fargo
Burnsville , MN

About this role: Wells Fargo is seeking a Mortgage Retail Sales Consultant (SAFE) in Consumer Lending as part of Home Lending. For additional information on this line of business, refer to the external Careers Site at www.wellsfargojobs.com. In this role you will: * Solicit residential mortgages from various external sources and produce high quality loans * Build relationships with realtors, builders, financial professionals, bank stores, past customers, and other non-traditional sources * Interact with customers to understand their needs and provide them with high quality customer service; inform prospective and existing customers of Wells Fargo Home Mortgage programs; analyze and offer mortgage loan products based on the client's needs * Present recommendations for producing loans and exercise some independent judgment while developing understanding of functional area, policies, procedures, compliance requirements, and generating loans * Maintain high standard of client satisfaction


Sponsored
12/10/2024 12:00:00 AM
Wells Fargo
Saint Paul , MN

About this role: Wells Fargo is seeking a Mortgage Retail Sales Consultant (SAFE) in Consumer Lending as part of Home Lending. For additional information on this line of business, refer to the external Careers Site at www.wellsfargojobs.com. In this role you will: * Solicit residential mortgages from various external sources and produce high quality loans * Build relationships with realtors, builders, financial professionals, bank stores, past customers, and other non-traditional sources * Interact with customers to understand their needs and provide them with high quality customer service; inform prospective and existing customers of Wells Fargo Home Mortgage programs; analyze and offer mortgage loan products based on the client's needs * Present recommendations for producing loans and exercise some independent judgment while developing understanding of functional area, policies, procedures, compliance requirements, and generating loans * Maintain high standard of client satisfaction


Sponsored
12/10/2024 12:00:00 AM
Huntington National Bank
Saint Paul , MN

Description Summary: Our branch banking roles offer a welcoming and inclusive team environment where you are empowered every day to help our customers achieve their financial goals. Our branch colleagues have an opportunity to share ideas and voice opinions that directly impact our customers, our bank, and our communities for the better. As a Financial Relationship Banker, you play a key role in looking out for our consumer and business customers. You are responsible for retaining and growing consumer and business customer relationships by proactively identifying financial goals and needs and recommending appropriate deposit, loan and other banking products and services. Duties & Responsibilities: Providing excellent customer service and effectively resolving customer issues. Proactively identifies opportunities to grow customer relationships through pre-set appointments, Centers of Influence, a disciplined sales process, new customer follow-up program, and sourcing referrals from cust


Sponsored
12/9/2024 12:00:00 AM
Ultimate Staffing
Bloomington , MN

Job Responsibilities: Assist in monitoring group email inboxes to ensure prompt responses. Update shared calendars, schedule conference rooms, and maintain organizational charts. Prepare and organize files for imaging and document management. Generate and send accurate first-payment letters to borrowers. Coordinate the satisfaction process for loans that are paid in full. Manage, process, and review release documents; ensure timely execution by lenders. Deliver exceptional customer service to lenders, borrowers, internal staff members, and external vendors. Manage and process incoming and outgoing mail. Review, scan, and prepare daily deposits for received checks. Review and distribute outgoing checks to appropriate recipients. Qualifications: 1-2 years of experience in LOAN SERVICING (will consider candidates with commercial loan or banking background). Proficiency with Microsoft Office, particularly Excel and Word. Associate or bachelor's degree preferred, or equivalent professional


Sponsored
12/8/2024 12:00:00 AM

Check more jobs information at 1St United Bank

Job Title Average 1St United Bank Salary Hourly Rate
2 Assistant Vice President $54,892 $26
3 Executive Assistant $74,970 $36
4 Executive Vice President $275,308 $132
5 Manager, Operations $99,562 $48
6 Marketing Specialist $66,651 $32
7 Mortgage Loan Processor $37,884 $18
8 Wire Specialist $35,442 $17
9 Customer Service $37,293 $18
10 Financial Analyst $56,573 $27
11 Insurance Clerk $59,216 $28
12 Personal Banker $87,316 $42

Hourly Pay at 1St United Bank

The average hourly pay at 1St United Bank for a Commercial Loan Officer is $30 per hour. The location, department, and job description all have an impact on the typical compensation for 1St United Bank positions. The pay range and total remuneration for the job title are shown in the table below. 1St United Bank may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $61,899 look to you?

FAQ about Salary and Jobs at 1St United Bank

1. How much does 1St United Bank pay per hour?
The average hourly pay is $30. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
2. What is the highest salary at 1St United Bank?
According to the data, the highest approximate salary is about $69,558 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
3. What is the lowest pay at 1St United Bank?
According to the data, the lowest estimated salary is about $54,680 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
4. What steps can an employee take to increase their salary?
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.