Private Banker Salary at Lake Trust Credit Union BETA

How much does a Lake Trust Credit Union Private Banker make?

As of March 2025, the average annual salary for a Private Banker at Lake Trust Credit Union is $77,450, which translates to approximately $37 per hour. Salaries for Private Banker at Lake Trust Credit Union typically range from $65,787 to $88,257, 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.

Lake Trust Credit Union Overview

Website:
laketrust.org
Size:
200 - 500 Employees
Revenue:
$50M - $200M
Industry:
Financial Services

Lake Trust Credit Union is a community-based credit union headquartered in Brighton, Michigan. It is a not-for-profit financial cooperative owned by members of the credit union and regulated under the authority of the National Credit Union Administration (NCUA). The organization is governed and supervised by an 18-member board of directors. The earliest predecessor of Lake Trust Credit Union was Detroit Edison Credit Union, which was chartered in 1944. In 2010, Detroit Edison merged with NuUnion Credit Union to establish Lake Trust Credit Union. As of September 2015, Lake Trust Credit Union has twenty-one branches, a membership of more than 167,000, and assets of over $1.6 billion. It ranks in the top 1% of credit unions nationwide and it is the fourth largest credit union in Michigan in terms of asset size. In September 2015, Lake Trust opened a new headquarters in Brighton, Michigan to join their employees who were split between corporate offices located in Lansing, Plymouth, and Brighton. Lake Trust employs nearly 400 people and it was recognized in September 2015 as one of "The Best Credit Unions to Work For" by Credit Union Journal.

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What Skills Does a person Need at Lake Trust Credit Union?

At Lake Trust 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. Products and Services: Knowledge of the full array of our organization's products and services including those that are created for internal customers; insight into the differentiating factors that distinguish them from those of competitors.
  2. 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.
  3. Financial services: A services provided by the finance industry, which encompasses a broad range of businesses that manage money. These services involve banking, brokerage, mortgages, credit cards, payment services, real estate, investment funds, taxes and accounting.
  4. Building Relationships: It is working to build or maintain ethical relationships or networks or contacts with people. Building relationships is about ability to identify and initiate working relationships and to develop and maintain them in a way that is of mutual benefit.
  5. Retail Banking: Retail banking, also known as consumer banking, is the provision of services by a bank to the general public, rather than to companies, corporations or other banks, which are often described as wholesale banking. Banking services which are regarded as retail include provision of savings and transactional accounts, mortgages, personal loans, debit cards, and credit cards. Retail banking is also distinguished from investment banking or commercial banking. It may also refer to a division or department of a bank which deals with individual customers. In the U.S., the term commercial bank is used for a normal bank to distinguish it from an investment bank. After the Great Depression, the Glass–Steagall Act restricted normal banks to banking activities, and investment banks were limited to engaging capital market activities. That distinction was repealed in the 1990s. Commercial bank can also refer to a bank or a division of a bank that deals mostly with deposits and loans from corporations or large businesses, as opposed to individual members of the public (retail banking).

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Check more jobs information at Lake Trust Credit Union

Job Title Average Lake Trust Credit Union Salary Hourly Rate
2 1 Systems Analyst $68,985 $33
3 Accounting Specialist $60,978 $29
4 Accounts Payable Specialist $48,567 $23
5 Banker $99,762 $48
6 Call Center Representative $46,951 $23
7 Cash Management Accountant $60,927 $29
8 Content Specialist $68,114 $33
9 Data Engineer $126,230 $61
10 Financial Analyst $64,637 $31
11 Loan Officer $63,900 $31
12 Manager $109,577 $53
13 Manager, Business Intelligence $142,636 $69

Hourly Pay at Lake Trust Credit Union

The average hourly pay at Lake Trust Credit Union for a Private Banker is $37 per hour. The location, department, and job description all have an impact on the typical compensation for Lake Trust Credit Union positions. The pay range and total remuneration for the job title are shown in the table below. Lake Trust Credit Union may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $77,450 look to you?

FAQ about Salary and Jobs at Lake Trust Credit Union

1. How much does Lake Trust Credit Union pay per hour?
The average hourly pay is $37. 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 Lake Trust Credit Union?
According to the data, the highest approximate salary is about $88,257 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 Lake Trust Credit Union?
According to the data, the lowest estimated salary is about $65,787 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.