Credit Officer Salary in Waterloo, Iowa

How much does a Credit Officer make in Waterloo, IA?

As of April 01, 2025, the average annual salary for a Credit Officer in Waterloo, IA is $62,796. Salary.com reports that pay typically ranges from $49,841 to $74,301, with most professionals earning between $38,047 and $84,775.

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Salary range for a Credit Officer

$49,841 to $74,301

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Credit Officer

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Job Openings for Credit Officer in Waterloo, IA

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 Waterloo, IA

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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 Waterloo, IA

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LEVEL OF EDUCATION

Depending on the job, educational levels may have a significant impact on pay levels. Be informed and understand how things like education and certifications can help to increase potential earnings for the career you are interested in. Please visit Professional Salary Report for more details.

Average Salary Range for Credit Officer in Waterloo, IA

Average Base Salary

Core compensation

49841

74301

62796

Average Total Cash Compensation

Includes base and annual incentives

50345

83001

64373

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 Waterloo, IA. The base salary for Credit Officer ranges from $49,841 to $74,301 with the average base salary of $62,796. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $50,345 to $83,001 with the average total cash compensation of $64,373.

View Average Salary for Credit Officer as table

	Average Salary	Average Salary Range
Base Salary	$62,796	$49,841 - $74,301
Bonus	$1,577	$503 - $8,700
Total Pay	$64,373	$50,345 - $83,001

* 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 Waterloo, IA

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Waterloo, IA
CITY, STATE Cedar Falls, IA	AVERAGE SALARY RANGE $49,681 - $74,062	COMPARE TO Waterloo, IA
CITY, STATE Cedar Rapids, IA	AVERAGE SALARY RANGE $51,025 - $76,066	COMPARE TO Waterloo, IA
CITY, STATE Iowa City, IA	AVERAGE SALARY RANGE $50,609 - $75,445	COMPARE TO Waterloo, IA
CITY, STATE Ames, IA	AVERAGE SALARY RANGE $51,825 - $77,258	COMPARE TO Waterloo, IA
CITY, STATE Dubuque, IA	AVERAGE SALARY RANGE $50,337 - $75,040	COMPARE TO Waterloo, IA
CITY, STATE Ankeny, IA	AVERAGE SALARY RANGE $52,305 - $77,974	COMPARE TO Waterloo, IA

See salaries for Credit Officer in locations close to Waterloo, IA. 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 Waterloo, Iowa

Waterloo is a city in and the county seat of Black Hawk County, Iowa, United States. As of the 2010 United States Census the population decreased by 0.5% to 68,406; the 2016 Census estimates the population at 67,934, making it the sixth-largest city in the state. The city is part of the Waterloo – Cedar Falls Metropolitan Statistical Area, and is the more populous of the two cities. According to the United States Census Bureau, the city has a total area of 63.23 square miles (163.76 km2), of which 61.39 square miles (159.00 km2) is land and 1.84 square miles (4.77 km2) is water. The average el...

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

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The Credit Officer job could be listed using titles that are not exactly the same, but actually are for the same or very similar job. Here are some job titles in Waterloo, IA that might be a good fit for the type of job and salary you are looking for.

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