Bookkeeper Salary at Metro Employees Credit Union BETA

How much does a Metro Employees Credit Union Bookkeeper make?

As of December 2024, the average annual salary for a Bookkeeper at Metro Employees Credit Union is $33,984, which translates to approximately $16 per hour. Salaries for Bookkeeper at Metro Employees Credit Union typically range from $30,690 to $36,977, 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.

Metro Employees Credit Union Overview

Website:
metroemployeescu.org
Size:
<25 Employees
Revenue:
<$5M
Industry:
Financial Services

MECU was established in 1940 by city employees looking for a way to earn higher rates on savings and lower rates for loans. Today, MECU has grown into a full service credit union. Membership in MECU is open to employees of the Lexington-Fayette Urban County Government, employees of accepted outside agencies of the Lexington-Fayette Urban County Government, employees of the Credit Union, and the family members of all eligible members. The Board defines family members as spouses, parents, step-parents, grandparents, children, stepchildren, foster children, brothers and sisters, step-siblings, half-siblings, brothers-in-law, sisters-in-law, aunts, unlces, nieces and nephews. Once you are a member, you will always be a member, even if you change jobs, profession or retire. As long as you remain a member in good standing, you can maintain your MECU membership.

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What Skills Does a person Need at Metro Employees Credit Union?

At Metro Employees 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. Bookkeeping: Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business. Transactions include purchases, sales, receipts, and payments by an individual person or an organization/corporation. There are several standard methods of bookkeeping, including the single-entry and double-entry bookkeeping systems. While these may be viewed as "real" bookkeeping, any process for recording financial transactions is a bookkeeping process. Bookkeeping is the work of a bookkeeper (or book-keeper), who records the day-to-day financial transactions of a business. They usually write the daybooks (which contain records of sales, purchases, receipts, and payments), and document each financial transaction, whether cash or credit, into the correct daybook—that is, petty cash book, suppliers ledger, customer ledger, etc.—and the general ledger. Thereafter, an accountant can create financial reports from the information recorded by the bookkeeper.
  2. Accounting: Creating financial statements and reports based on the summary of financial and business transactions.
  3. Accounts Payable: Accounts payable (AP) is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.
  4. Accounts Receivable: Accounts receivable is a legally enforceable claim for payment held by a business for goods supplied and/or services rendered that customers/clients have ordered but not paid for. These are generally in the form of invoices raised by a business and delivered to the customer for payment within an agreed time frame. Accounts receivable is shown in a balance sheet as an asset. It is one of a series of accounting transactions dealing with the billing of a customer for goods and services that the customer has ordered. These may be distinguished from notes receivable, which are debts created through formal legal instruments called promissory notes.
  5. General Ledger: Creating and keeping track of business transactions and activities to monitor financial operations.

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Check more jobs information at Metro Employees Credit Union

Job Title Average Metro Employees Credit Union Salary Hourly Rate
2 Member Service Representative $29,723 $14
3 Mortgage Manager $91,232 $44
4 President & Chief Executive Officer $649,450 $312
5 Universal Service Representative $78,541 $38
6 Manager, Accounting & Operations $147,659 $71
7 Marketing Specialist $59,829 $29
8 Loan Officer $50,204 $24
9 Loan Officer II $58,936 $28
10 Manager, Marketing & Business Development $105,193 $51

Hourly Pay at Metro Employees Credit Union

The average hourly pay at Metro Employees Credit Union for a Bookkeeper is $16 per hour. The location, department, and job description all have an impact on the typical compensation for Metro Employees Credit Union positions. The pay range and total remuneration for the job title are shown in the table below. Metro Employees Credit Union may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $33,984 look to you?

FAQ about Salary and Jobs at Metro Employees Credit Union

1. How much does Metro Employees Credit Union pay per hour?
The average hourly pay is $16. 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 Metro Employees Credit Union?
According to the data, the highest approximate salary is about $36,977 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 Metro Employees Credit Union?
According to the data, the lowest estimated salary is about $30,690 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.