Alerus Financial Corp Salary

Alerus Financial Corp Salary

How much does the Alerus Financial Corp Pay for employees?

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As of August 2026, the average annual salary for employees at Alerus Financial Corp in the United States is $97,885. This translates to an approximate hourly wage of $47. Salaries at Alerus Financial Corp typically range from $85,725 to $111,172 annually, reflecting the diverse roles and experience levels within the company. Alerus Financial Corp’s salaries are influenced by a wide range of factors including job role, department, years of experience, and location.
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.

How Much Does Alerus Financial Corp Pay for Different Roles?

Explore detailed salary information for specific jobs at Alerus Financial Corp. The table below outlines the annual salary ranges for popular roles within the company, helping you benchmark potential earnings. Use 'View by Card/Table' option to find the data most relevant to your career path.
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.
How accurate does the salary look to you?

Current Job Openings at Alerus Financial Corp

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

Is Alerus Financial Corp’s Pay Competitive? Salary Benchmarking Analysis

How does Alerus Financial Corp’s compensation stack up against the market? This analysis visualizes their annual average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
180k
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90k
60k
30k
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Average Salary ($/year)
Alerus Financial Corp
Financial Services
Automotive Finance Corp
Credit Human Federal Credit Union
Industry Comparison
Our data shows that, on average, compensation at Alerus Financial Corp is below the average for the U.S. Financial Services industry by approximately 19%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Alerus Financial Corp average annual salary with several similar companies. Alerus Financial Corp average salary of $97,885 is lower than Automotive Finance Corp, which has an average salary of $99,035. It is lower than Credit Human Federal Credit Union, with their average salary at $104,330. This places Alerus Financial Corp in a developing position among its peers.
See Your True Competitors
The companies behind the question marks could be hiring your best people. Don't operate with incomplete data. Unlock your full competitive view with Salary.com for Business to precisely benchmark salaries, benefits, and more against your true competitors.

How Alerus Financial Corp's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Alerus Financial Corp

Considering a career at Alerus Financial Corp? 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.
The company provides cutting-edge resources, from AI-driven analytics to global market insights, empowering employees to excel. The benefits are excellent, providing healthcare, wellness programs, and retirement plans. This company is a true leader in the financial services space. My contributions are acknowledged, and my well-being is a genuine priority for leadership. Colleagues share knowledge ...
Commented in April 03, 2025
25
3
Overall, it’s a motivating and stable employer. Leadership is professional but can be distant. Positive feedback is celebrated company-wide. However, little is done to inspire creativity or engagement. Senior staff make time for junior colleagues. There's a focus on execution over exploration. This commitment ensures that our services not only achieve financial goals but also align with the highes...
Commented in September 30, 2024
39
0
The supportive management style and emphasis on teamwork make this an outstanding workplace. I’ve received valuable mentoring, and career conversations happen regularly. There's a strong balance between delivering results and maintaining well-being. These unsung heroes make daily operations seamless.
Commented in January 29, 2024
36
0

Alerus Financial Corp Overview

Website
www.alerus.com
Founded In
1879
Employees
500 - 1,000 employees
Industry
Financial Services
Headquarter Address
401 Demers Ave Grand Forks North Dakota ND 58201
Revenue
$200 Million - $500 Million
Phone Number
+1 7017953200
Social Media
About Alerus Financial Corp
Alerus Financial offers business and consumer banking products and services, residential mortgage financing, employer-sponsored retirement plan and benefit administration, and wealth management including trust, brokerage, insurance, and asset management. Alerus Financial was founded in 1879 and is headquartered in Grand Forks, North Dakota.

What Benefits Does Alerus Financial Corp Offer Beyond Salary?

A competitive compensation package is more than just a salary. Alerus Financial Corp 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 Grand Forks?

Understanding the cost of living near Grand Forks is key to truly evaluating a salary offer or your current compensation at Alerus Financial Corp.
Grand Forks' Cost of Living Index is approximately 88.7 (11.3% less expensive than US average; 7.1% less than ND average). Eastern ND city (UND, GFAFB), affordable. CAT (Cities Area Transit). When planning your budget based on a salary from Alerus Financial Corp, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $800 - $1,200+ A significant portion of Alerus Financial Corp salary. Location choices impact this heavily.
Utilities (Basic) $130 - $230 (Heating significant) Electricity, Heating, Cooling, Water etc.
Public Transportation $35 (CAT monthly pass, free for UND) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $380 - $560 Can be higher with more dining out or specialty stores.
Personal & Leisure $300 - $600+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $360 - $670+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,005 - $3,265+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Alerus Financial Corp

1. What is the typical salary range (low to high) for most roles at Alerus Financial Corp?

The typical annual salary range for most roles at Alerus Financial Corp is approximately from $85,725 to $111,172. 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. How much does Alerus Financial Corp pay compared to Automotive Finance Corp?

The average annual salary at Alerus Financial Corp is $97,885, or an hourly wage of $47, in comparison to Automotive Finance Corp which pays $99,035 per year or $48 per hour.

3. Do salaries differ significantly between departments at Alerus Financial Corp?

Yes, salaries often differ between departments at Alerus Financial Corp due to varying market demand for specific skill sets and the nature of the roles. For example, technical roles in Engineering or IT may command different salary ranges compared to roles in Marketing or Human Resources.

4. How does experience level affect salary at Alerus Financial Corp?

Experience level is a significant factor in determining salary at Alerus Financial Corp, as it is with most employers. Generally, employees with more years of relevant experience and a proven track record can command higher salaries. For example, a senior-level role will typically have a higher pay band than an entry-level or mid-career position within the same job family.

5. How can I determine if a salary offer from Alerus Financial Corp in Grand Forks is fair given the local cost of living?

To determine if a salary offer from Alerus Financial Corp in Grand Forks is fair, first compare the gross salary to our data for similar roles at Alerus Financial Corp and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Grand Forks" to understand its purchasing power.

6. Are the salaries listed for Alerus Financial Corp on Salary.com pre-tax or after-tax?

All salary figures displayed for Alerus Financial Corp, including average base salary and estimated total compensation, are pre-tax amounts. They do not account for federal, state, or local income taxes, nor deductions for benefits like health insurance or 401(k) contributions.

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