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Colonial Loan Association Inc Salary

Colonial Loan Association Inc Salary

How much does the Colonial Loan Association Inc Pay for employees?

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As of October 2026, the average annual salary for employees at Colonial Loan Association Inc in the United States is $79,848. This translates to an approximate hourly wage of $38. Salaries at Colonial Loan Association Inc typically range from $70,037 to $90,479 annually, reflecting the diverse roles and experience levels within the company. Colonial Loan Association Inc’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 Colonial Loan Association Inc Pay for Different Roles?

Explore detailed salary information for specific jobs at Colonial Loan Association Inc. 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 Colonial Loan Association Inc

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

Is Colonial Loan Association Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Colonial Loan Association Inc’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
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Average Salary ($/year)
Colonial Loan Association Inc
Financial Services
Pro Finance
Sodak Home Loans
Industry Comparison
Our data shows that, on average, compensation at Colonial Loan Association Inc is below the average for the U.S. Financial Services industry by approximately 34%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Colonial Loan Association Inc average annual salary with several similar companies. Colonial Loan Association Inc average salary of $79,848 is lower than Pro Finance, which has an average salary of $81,367. It is lower than Sodak Home Loans, with their average salary at $80,629. This places Colonial Loan Association Inc 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 Colonial Loan Association Inc's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Colonial Loan Association Inc. Click a company name to learn more.

Employee Reviews: Working at Colonial Loan Association Inc

Considering a career at Colonial Loan Association Inc? 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.
Regular updates and open forums ensure we are all informed and aligned, fostering a strong sense of trust and shared purpose. Conference attendance is encouraged. Knowledge transfer is prioritized before retirements. Management communicates policies clearly, but changes are often delayed due to bureaucracy. There’s a strong focus on professional development through mentorship and frequent training...
Commented in April 05, 2025
10
2
Diverse talent and positive culture. Career progression exists and heavily structured. The leadership is strategic and open to employee feedback, which fosters a positive atmosphere. I'm constantly learning new things and developing my skills in the financial services sector. I’ve switched departments twice with full support from leadership.
Commented in February 19, 2025
48
0
Our compliance culture is robust yet practical. The organization offers clear growth tracks and continuous investment in training and development. The workload is steady but can become monotonous.
Commented in November 19, 2024
48
3

Colonial Loan Association Inc Overview

Website
www.colonialloan.com
Founded In
1981
Employees
<25 employees
Industry
Financial Services
Headquarter Address
2645 W Andrew Johnson Hwy Morristown Tennessee TN 37814
Revenue
<$5 Million
Phone Number
+1 4235861125
Social Media
About Colonial Loan Association Inc
Colonial is a TN Corporation chartered in 1975 by a local Morristown Savings & Loan. Colonial which was formed as one of the first finance companies under a change in the Savings and Loan Act in 1975, operated as an independent subsidiary thru the Savings and Loan crisis of the 80's and then bank mergers since that time until sold June 1, 2005 to private individuals. These individuals formed a Hol

What Benefits Does Colonial Loan Association Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Colonial Loan Association Inc 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 Knoxville?

Understanding the cost of living near Knoxville is key to truly evaluating a salary offer or your current compensation at Colonial Loan Association Inc.
Knoxville's Cost of Living Index is approximately 86.7 (13.3% less expensive than US average; 3.9% less than TN average). Eastern TN city (Univ. of TN), affordable. KATbus. When planning your budget based on a salary from Colonial Loan Association Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $950 - $1,400+ A significant portion of Colonial Loan Association Inc salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $45 (KAT monthly pass, free for UT) 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 $330 - $630+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $360 - $660+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,205 - $3,485+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Colonial Loan Association Inc

1. What is the estimated average total compensation at Colonial Loan Association Inc?

Salary.com estimates that the average total compensation package at Colonial Loan Association Inc, which can include base salary, potential bonuses, and benefits, is around $79,848 annually . Total compensation provides a more holistic view of an employee's earnings.

2. How much does Colonial Loan Association Inc pay compared to Pro Finance?

The average annual salary at Colonial Loan Association Inc is $79,848, or an hourly wage of $38, in comparison to Pro Finance which pays $81,367 per year or $39 per hour.

3. Do salaries differ significantly between departments at Colonial Loan Association Inc?

Yes, salaries often differ between departments at Colonial Loan Association Inc 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. What's the typical salary progression for an employee moving from an entry-level to a senior role at Colonial Loan Association Inc?

Salary progression from an entry-level to a senior role at Colonial Loan Association Inc can be significant, often involving several promotions and substantial pay increases. For example, an entry-level Analyst might see their salary potentially double or more as they progress to a Senior Manager or Director position over several years, assuming strong performance and development.

5. How can I determine if a salary offer from Colonial Loan Association Inc in Knoxville is fair given the local cost of living?

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

6. Are promotions at Colonial Loan Association Inc usually accompanied by a significant salary increase?

Yes, promotions at Colonial Loan Association Inc are generally accompanied by a salary increase. The amount of the increase typically reflects the greater responsibilities, skills, and scope of the new role. The percentage increase can vary widely depending on the level of promotion and the company's compensation structure.

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