Credit Union Branch Manager salary in Iceland

Average Yearly Salary of Credit Union Branch Manager in Iceland is approximately 10,687,075 ISK (74,738 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Credit Union Branch Manager do?

A credit union branch manager is responsible for overseeing the daily operations of a credit union branch. They manage a team of employees, ensuring that customer service is exceptional and that all financial transactions are conducted accurately and efficiently. The branch manager sets goals and targets for the branch, monitors performance, and implements strategies to increase revenue and profitability. They also handle customer inquiries, resolve any issues or complaints, and provide guidance on financial products and services. Additionally, credit union branch managers collaborate with other departments within the credit union to ensure consistent and effective operations throughout the organization. This role requires strong leadership skills, excellent communication abilities, and a thorough understanding of banking and financial services.

Skills: Credit Union, Branch Manager, Financial Services, Customer Service, Leadership, Banking.
Job industry: Banking

How much does Credit Union Branch Manager make?

Difference in salary year over year or average salary increase is approximately 4 %


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Salary comparison to National average

Is Credit Union Branch Manager a well paid job?

Yes, our data show that Credit Union Branch Manager is an averagely well paid job that still allows for some yearly savings. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Credit Union Branch Manager?

High salary for Credit Union Branch Manager would be somewhere between 11,755,783 ISK and 15,496,259 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Credit Union Branch Manager in Iceland?

Living in Iceland the approximate monthly expenses are: 2,729 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 10,687,075 ISK
Estimated Monthly Salary: 890,590 ISK
Estimated Weekly Salary: 205,521 ISK per week
Estimated Hourly Salary: 5,138 ISK per hour
By working as Credit Union Branch Manager a person can save up to 3,499 USD per month or 41,992 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Iceland, see costs of living in Iceland.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Norway, Faroe Islands, United Kingdom.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Credit Union Branch Manager

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in Iceland

Data as of 2025

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