Credit Card Specialist Salary at Educational Federal Credit Union BETA
How much does an Educational Federal Credit Union Credit Card Specialist make?
As of April 2025, the average annual salary for a Credit Card Specialist at Educational Federal Credit Union is $74,270, which translates to approximately $36 per hour. Salaries for Credit Card Specialist at Educational Federal Credit Union typically range from $66,764 to $81,623, reflecting the diverse roles within the company.
It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.
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.
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What Skills Does a person Need at Educational Federal Credit Union?
At Educational Federal Credit Union, specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
- Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
- Financial Statements: Obtaining and creating formal records of business activities and cash flows to provide results for financial performance.
- Accounting: Creating financial statements and reports based on the summary of financial and business transactions.
- Underwriting: Underwriting services are provided by some large financial institutions, such as banks, or insurance or investment houses, whereby they guarantee payment in case of damage or financial loss and accept the financial risk for liability arising from such guarantee. An underwriting arrangement may be created in a number of situations including insurance, issue of securities in a public offering, and bank lending, among others. The person or institution that agrees to sell a minimum number of securities of the company for commission is called the underwriter. The name derives from the Lloyd's of London insurance market. Financial bankers, who would accept some of the risk on a given venture (historically a sea voyage with associated risks of shipwreck) in exchange for a premium, would literally write their names under the risk information that was written on a Lloyd's slip created for this purpose.
- Credit Analysis: Credit analysis is the method by which one calculates the creditworthiness of a business or organization. In other words, It is the evaluation of the ability of a company to honor its financial obligations. The audited financial statements of a large company might be analyzed when it issues or has issued bonds. Or, a bank may analyze the financial statements of a small business before making or renewing a commercial loan. The term refers to either case, whether the business is large or small. The objective of credit analysis is to look at both the borrower and the lending facility being proposed and to assign a risk rating. The risk rating is derived by estimating the probability of default by the borrower at a given confidence level over the life of the facility, and by estimating the amount of loss that the lender would suffer in the event of default. Credit analysis involves a wide variety of financial analysis techniques, including ratio and trend analysis as well as the creation of projections and a detailed analysis of cash flows. Credit analysis also includes an examination of collateral and other sources of repayment as well as credit history and management ability. Analysts attempt to predict the probability that a borrower will default on its debts, and also the severity of losses in the event of default. Credit spreads—the difference in interest rates between theoretically "risk-free" investments such as U.S. treasuries or LIBOR and investments that carry some risk of default—reflect credit analysis by financial market participants.
Related Jobs
Check more jobs information at Educational Federal Credit Union
| Job Title | Average Educational Federal Credit Union Salary | Hourly Rate | |
|---|---|---|---|
| 2 | Senior Mortgage Loan Officer | $52,350 | $25 |
| 3 | Member Services Representative | $30,994 | $15 |
| 4 | Loan Officer | $52,350 | $25 |
| 5 | Chief Financial Officer | $353,068 | $170 |
Hourly Pay at Educational Federal Credit Union
FAQ about Salary and Jobs at Educational Federal Credit Union
The average hourly pay is $36. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
According to the data, the highest approximate salary is about $81,623 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
According to the data, the lowest estimated salary is about $66,764 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.