Community Development Bank Salary

Community Development Bank Salary

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As of July 2026, the average annual salary for employees at Community Development Bank in the United States is $83,213. This translates to an approximate hourly wage of $40. Salaries at Community Development Bank typically range from $72,988 to $94,283 annually, reflecting the diverse roles and experience levels within the company.
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Current Job Openings at Community Development Bank

Ready for your next career move? Explore current job openings at Community Development Bank. Use the search tool below to find available positions by title and location and apply directly to start your career.

Is Community Development Bank’s Pay Competitive? Salary Benchmarking Analysis

How does Community Development Bank's compensation stack up against the industry and its key competitors? Our salary benchmarking analysis provides a clear comparison. The chart below visualizes this comparison alongside select peer companies.
Competitor / Benchmark Avg. Salary Variance Primary Market Influence Factor & Explanation
Greatwall Inc $92,411
+11.1%
Driven by niche technical certifications required for Greatwall Inc's specialized projects.
V/ National Mutual $93,033
+11.8%
Influenced by prevailing union wage agreements specific to V/ National Mutual's sector.
Central Bank Of China Taipei $101,725
+22.2%
Reflects a supply-demand imbalance for the specific talent Central Bank Of China Taipei targets.
Prime Security Bank $93,729
+12.6%
Adjusted for higher cost-of-living indices in Prime Security Bank's primary metro hubs.
Financial Services Industry $121,514
+46.0%
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors.
Need More Granular Data? The analysis above provides a high-level market overview. To benchmark specific job codes, adjust for real-time cost-of-living changes, or access verified HR-reported datasets, upgrade to Salary.com for Business. Precision matters when building your compensation strategy.

How Community Development Bank's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Community Development Bank. Click a company name to learn more.

Employee Reviews: Working at Community Development Bank

Considering a career at Community Development Bank? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.
I’ve worked at multiple financial firms, and this one stands out for employee engagement. Career growth is possible but based on tenure rather than merit. Changes happen and improvements are incremental. Leadership is approachable and listens carefully. You’ll know what’s expected each day.
Commented in March 12, 2025
32
2
Benefits are comprehensive, including excellent health coverage and retirement plans. Little innovation but solid execution. Colleagues are driven, respectful, and professional. It’s rare to find a company that combines professional rigor with such a supportive environment. Leadership communicates a clear vision, ensuring everyone is aligned with company goals. Social connections develop beyond wo...
Commented in January 22, 2025
35
1
I’ve never felt more included or respected. Training programs are frequent and relevant, helping staff stay ahead in a fast-changing financial landscape. Client-centric approach shines in every interaction. Supportive team, clear expectations, and meaningful work define this organization.
Commented in February 27, 2024
32
0

Community Development Bank Overview

Website
www.comdevbank.com
Founded In
1906
Employees
<25 employees
Industry
Financial Services
Headquarter Address
516 Main St W Ogema Minnesota MN 56569
Revenue
$5 Million - $10 Million
Phone Number
+1 2189833241
Social Media
About Community Development Bank
Community Development Bank FSB is a company that operates in the Financial Services industry. It employs 11-20 people and has $5M-$10M of revenue. The company is headquartered in Ogema, Minnesota.

What Benefits Does Community Development Bank Offer Beyond Salary?

A competitive compensation package is more than just a salary. Community Development Bank offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
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What Is the Cost of Living Near Minneapolis?

Understanding the cost of living near Minneapolis is key to truly evaluating a salary offer or your current compensation at Community Development Bank.
Minneapolis' Cost of Living Index is approximately 104.8 (4.8% more expensive than US average; 7.9% more than MN average). Major city, vibrant, housing costs above US avg, cold winters (high heating). Metro Transit. When planning your budget based on a salary from Community Development Bank, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,400 - $2,100+ A significant portion of Community Development Bank salary. Location choices impact this heavily.
Utilities (Basic) $130 - $230 (Heating significant) Electricity, Heating, Cooling, Water etc.
Public Transportation $120 (Metro Transit monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $430 - $630 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $390 - $720+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,920 - $4,480+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Community Development Bank

1. How much does a Community Development Bank employee make?

Community Development Bank pays its employees an average of $83,213 per year. The average salary at Community Development Bank range from $72,988 to $94,283 per year. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills, and location.

2. Which similar company tend to pay more or less than Community Development Bank?

The salary at Community Development Bank is lesser than the similar company. The average annual salary at Community Development Bank is $83,213, or an hourly wage of $40, in comparison to Greatwall Inc which pays $92,411 per year or $44 per hour.

3. How much does a Chief Operating Officer typically earn at Community Development Bank?

A Chief Operating Officer at Community Development Bank typically earns an average annual base salary of around $375,767, with a general range of $295,084 to $477,395.

4. Do employees with advanced degrees (Master's, PhD) earn more at Community Development Bank?

In many roles at Community Development Bank, particularly those requiring specialized knowledge or research capabilities (e.g., certain engineering, scientific, or financial roles), an advanced degree like a Master's or PhD can lead to a higher starting salary and faster career progression, thus higher earnings. However, for some roles, direct experience and skills might be valued as much or more than an advanced degree. The impact varies by field and specific job requirements.

5. How does the cost of living near Minneapolis affect the perceived value of a Community Development Bank salary?

Minneapolis' Cost of Living Index is approximately 104.8 (4.8% more expensive than US average; 7.9% more than MN average). This significantly impacts the purchasing power of a salary from Community Development Bank based there. Our "Cost of Living Insights for Minneapolis" module details this impact, helping you assess the 'real feel' value of your compensation.

6. What kind of benefits does Community Development Bank typically offer employees?

Community Development Bank generally offers a range of employee benefits designed to support their workforce's health, financial well-being, and work-life balance. Comprehensive health insurance (medical, dental, vision), a 401(k) retirement savings plan (often with a company match), paid time off (PTO), and potentially disability and life insurance are included. For a more detailed list of benefits, please see our "Employee Benefits at Community Development Bank" section on this page.

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