Credit Officer Salary in Lowell, Massachusetts

How much does a Credit Officer make in Lowell, MA?

As of April 01, 2025, the average annual salary for a Credit Officer in Lowell, MA is $72,310. Salary.com reports that pay typically ranges from $57,393 to $85,558, with most professionals earning between $43,812 and $97,619.

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Salary range for a Credit Officer

$57,393 to $85,558

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Credit Officer

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Job Openings for Credit Officer in Lowell, MA

What does a Credit Officer do?

Common responsibilities of a Credit Officer

Works with processing/funding to ensure accurate flow of information in documents to provide efficient closing of loan funding.

November 04, 2022

Prepares a Credit Analysis Summary (CAS) of Commercial applicants requesting large lines of credit by analyzing the customer, interpreting the request, identifying the risk factors, performing a risk assessment, and providing a summary and recommendation.

November 16, 2022

Assists with credit presentations to include financial statement spreads, covenant testing, collateral analysis, obligor/facility ratings, cash flow analysis, relationship exposure, and underwriting.

December 25, 2022

Demonstrated track record of managing transactions, leading and cultivating individuals, interacting with all levels of the organization and working within a team environment to manage, monitor and grow portfolio in a business environment based upon mutual respect and teamwork.

February 13, 2023

Provides direct support to Senior Credit Officers/Credit Manager to develop and analyze all relevant credit information in conjunction with account officers pertaining to more complex commercial and business loans.

February 22, 2023

Monitors adherence to such policies and validates that exceptions are adequately identified, fully justified and properly approved.

March 29, 2023

Performs In-depth analysis of a guarantor's financial position through a thorough investigation of personal financial statements, understanding any contingent liabilities, constructing a global cash flow analysis, thorough investigation of personal tax returns and credit reporting documentation/ Fair Isaac output data.

April 03, 2023

Review, analyze and interpret financial statements, perform cash flow and personal financial statement analysis in order to assess the financial strength of a borrower.

April 12, 2023

Understand applicable credit policies, industry regulations and the requisite impact of those governance items to prospective new partners or product initiatives.

April 12, 2023

Complete all actions in a timely manner to meet established deadlines and customer expectations.

April 28, 2023

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Credit Officer Salary By Experience Levels in Lowell, MA

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RELEVANT JOB EXPERIENCE

Length of experience is a pay differentiator. Those with greater experience may have an advantage in negotiating salary. For those with less experience, other factors such as education or special skills could impact your pay. Please visit Professional Salary Report for more details.

Credit Officer Salary By Level of Education in Lowell, MA

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LEVEL OF EDUCATION

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Average Salary Range for Credit Officer in Lowell, MA

Average Base Salary

Core compensation

57393

85558

72310

Average Total Cash Compensation

Includes base and annual incentives

57973

95576

74126

What is the average salary for Credit Officer in 2025?

These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Credit Officer in Lowell, MA. The base salary for Credit Officer ranges from $57,393 to $85,558 with the average base salary of $72,310. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $57,973 to $95,576 with the average total cash compensation of $74,126.

View Average Salary for Credit Officer as table

	Average Salary	Average Salary Range
Base Salary	$72,310	$57,393 - $85,558
Bonus	$1,816	$580 - $10,019
Total Pay	$74,126	$57,973 - $95,576

* Base Salary represents gross income before taxes and deductions. It does not include additional pay such as benefits, bonuses, profit sharing or commissions.

* Total Pay combines base salary, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job.

Credit Officer Salary Near Lowell, MA

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Lowell, MA
CITY, STATE Medford, MA	AVERAGE SALARY RANGE $59,478 - $88,666	COMPARE TO Lowell, MA
CITY, STATE Methuen, MA	AVERAGE SALARY RANGE $56,492 - $84,214	COMPARE TO Lowell, MA
CITY, STATE Lawrence, MA	AVERAGE SALARY RANGE $56,492 - $84,214	COMPARE TO Lowell, MA
CITY, STATE Newton, MA	AVERAGE SALARY RANGE $59,478 - $88,666	COMPARE TO Lowell, MA
CITY, STATE Nashua, NH	AVERAGE SALARY RANGE $57,308 - $85,431	COMPARE TO Lowell, MA
CITY, STATE Salem, NH	AVERAGE SALARY RANGE $56,492 - $84,214	COMPARE TO Lowell, MA

See salaries for Credit Officer in locations close to Lowell, MA. Pay for the same job may vary based on the location and on the location and on other factors such as the size of company, the industry, and other local conditions.

About Lowell, Massachusetts

Lowell is a city in the U.S. Commonwealth of Massachusetts. Located in Middlesex County, Lowell (along with Cambridge) was a county seat until Massachusetts disbanded county government in 1999. With an estimated population of 109,945 in 2014, it is the fourth-largest city in Massachusetts, and the second-largest in the Boston metropolitan statistical area. The city is also part of a smaller Massachusetts statistical area called Greater Lowell, as well as New England's Merrimack Valley region. Incorporated in 1826 to serve as a mill town, Lowell was named after Francis Cabot Lowell, a local fi...

Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia

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