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CUSOs Competing for MBL Talent

Credit unions lag behind other lenders when it comes to commercial real estate staff salaries.

By Michelle A. Samaad | Updated on April 30, 2014

When it comes to wooing commercial lending talent in the country’s major cities, some CUSOs are getting creative to make it attractive enough for senior-level candidates to make it worth their while.

The average base salary in 2013 in the credit union industry for commercial lenders not leading a team of lenders was $116,846, according to the 5th Annual Commercial Lender Salary from Smith & Wilkinson, an executive search firm in Scarborough, Maine, which culled 846 responses. For public banks, it was $135,841 followed by $128,370 for mutuals and other cooperatives and $118,393 for privately or closely held banks.

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