Consumer Loan Officer Salary at Bfg Federal Credit Union BETA

How much does a Bfg Federal Credit Union Consumer Loan Officer make?

As of March 2025, the average annual salary for a Consumer Loan Officer at Bfg Federal Credit Union is $42,620, which translates to approximately $20 per hour. Salaries for Consumer Loan Officer at Bfg Federal Credit Union typically range from $37,858 to $45,579, 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.

BFG Federal Credit Union Overview

Website:
bfgfcu.org
Size:
<25 Employees
Revenue:
$5M - $10M
Industry:
Financial Services

BFGFCU is a full service financial institution established in 1935 to serve the employees of the BF Goodrich Company. Since then, more than 300 companies throughout Northeastern Ohio have chosen BFGFCU as the credit union for their employees. In January 2005, our membership charter was expanded so that all individuals who live, work, worship, volunteer, or attend school in Summit County, Ohio are eligible to join the credit union. BFG Federal Credit Union is one of Ohio's largest credit unions with more than 28,000 members and over $173 million in assets. Our successful growth over the years is due, in large part, to the satisfaction and loyalty of our members. As a non-profit financial institution, our sole purpose is to serve our members. After setting aside reserves, credit union earnings are returned to our members in the form of: Higher dividend rates on deposits Lower interest rates on loans Fewer fees Technology driven delivery channels allowing 24/7 access to accounts Personalized service Our tradition of strength provides a safe place for our members to save their hard earned dollars. Monies deposited into accounts at the credit union are federally insured up to $250,000 by the National Credit Union Administration, an agency of the U.S. Government.

See similar companies related to Bfg Federal Credit Union

What Skills Does a person Need at Bfg Federal Credit Union?

At Bfg Federal Credit Union, 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. 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.
  2. Consumer Loans: a consumer loan is any type of loan made to a consumer by a creditor. The loan can be secured (backed by the assets of the borrower) or unsecured (not backed by the assets of the borrower).
  3. Leadership: Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.
  4. 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.
  5. 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.

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Check more jobs information at Bfg Federal Credit Union

Job Title Average Bfg Federal Credit Union Salary Hourly Rate
2 Director, Business Development $162,858 $78
3 Executive Vice President $255,517 $123
4 Chief Lending Officer $182,907 $88
5 President & Chief Executive Officer $671,496 $323
6 Branch Manager $59,146 $28
7 Mortgage Loan Representative $35,161 $17
8 Assistant Branch Manager $42,904 $21
9 Vice President, Mortgage Lending $207,963 $100

Hourly Pay at Bfg Federal Credit Union

The average hourly pay at Bfg Federal Credit Union for a Consumer Loan Officer is $20 per hour. The location, department, and job description all have an impact on the typical compensation for Bfg Federal Credit Union positions. The pay range and total remuneration for the job title are shown in the table below. Bfg Federal Credit Union may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $42,620 look to you?

FAQ about Salary and Jobs at Bfg Federal Credit Union

1. How much does Bfg Federal Credit Union pay per hour?
The average hourly pay is $20. 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 Bfg Federal Credit Union?
According to the data, the highest approximate salary is about $45,579 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 Bfg Federal Credit Union?
According to the data, the lowest estimated salary is about $37,858 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.