Key Industries

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Frederick County's Finance & Insurance Industry 

Over the last 10 years, the region's finance and insurance industry has grown at an average annual rate of 6.6% compared to the national average of one percent (1.1%)*. The area's growth and demographics, proximity to Washington, D.C., competitive lease costs and tax rates, and essential connectivity and transportation infrastructure, create a favorable environment for future growth. 

Employment Snapshot

3,605

Employed in Finance & Insurance*
Winchester VA-WV MSA

 8,476

Employed in Finance & Insurance*
45-Minute Drive-Time

$81,827

Average Annual Wage:
Finance & Insurance*
45-Minute Drive-Time

 650

Loan Officers**
45-Minute Drive-Time

Average Annual wage
$89,400

856

Securities, Commodities, and Financial Services Sales Agents**
45-Minute Drive-Time

Average Annual wage
$74,200

 4,584

Customer Service Representatives**
45-Minute Drive-Time

Average Annual wage
$42,200

* JobsEQ® Industry Snapshot, 2023Q4
** JobsEQ® Occupation Snapshot, 2023Q4

Employer Snapshot

Company Focus Employees
 Navy Federal Credit Union Operations Center & Banking 1,000+
 Bank of Clarke County Banking 100-249 
 Truist Banking  50-99 
 Integrity Home Mortgage Mortgage and Nonmortgage Loan Brokers 50-99 
 Apple Federal Credit Union Banking 1-49
 United Bank Banking 1-49 
 Mid-Atlantic Farm Credit  Non-depository Credit Intermediation 1-49 
 Source: VEC Employment Data, Employee Size Range, 2023Q3