Careers


Our Careers Center includes full- and part-time positions, AmeriCorps*VISTA placements, consulting and other opportunities at the Federation and at Federation-member CDCUs nationwide.

Career Opportunities at the Federation

The Federation is a dynamic, growth-oriented intermediary specializing in bringing financial services to low-income communities through nonprofit, member-owned community development credit unions (CDCUs).  Based in New York City, the Federation provides financial, technical, and educational services to credit unions serving low-income and economically disenfranchised communities. Please click below for details on this opportunity.

Senior Vice President of Lending


Position Opening: Senior Vice President of Lending

The National Federation of Community Development Credit Unions (“Federation”) is seeking a dynamic, experienced lending professional to direct its lending activities. The Senior Vice President of Lending is a key member of the Federation’s senior management team. The position is responsible for managing all functions of organizational lending.

About the Federation
Founded in 1974, The National Federation of Community Development Credit Unions (Federation) is a certified CDFI Intermediary representing more than 200 community development credit unions (CDCUs).  The Federation’s member CDCUs provide credit, savings, transaction services and financial education to more than 1.5 million residents of low-income urban, rural and reservation-based communities across the United States, and hold over $60 billion in community-controlled assets.  The Federation also represents 50 Community Development Partners, some of the nation’s largest credit unions with a special commitment to serving low-income communities.  The Federation offers a wide range of advocacy, educational, training, investment, marketing, and outreach programs to support and assist CDCUs.

Reports to:
Chief Financial Officer / Chief Investment Officer

Supervises:
Director, CDCU Mortgage Center
Director, Community Development Investments

Summary:
The SVP of Lending will oversee the Federation’s Community Development Investment Program and the CDCU Mortgage Center.  In this position, he\she has full responsibility for the growth and operations of the Federation’s lending and community development investment activities.

The SVP of Lending will be responsible for cultivating new partnerships, assessing lending-related business opportunities, ensuring organizational readiness to implement new product offerings as well as successfully manage and grow current lending programs.  He/she will be tasked with ensuring that department goals are achieved while all aspects of Federation lending meet compliance and regulatory standards.

The SVP of Lending will work collaboratively with Federation senior staff, member credit unions and external partners to identify and capture business opportunities.   The candidate must have excellent quantitative and analytical skills, a deep understanding of finance, a strong background in customer service, strong organizational skills and attention to detail, and the ability to multi-task.  Excellent verbal, written communication and presentation skills are also required.

Key Responsibilities:

Organization-wide

  • Responsible for growth and management of both the Community Development Investment Program (subordinated debt and deposits to insured credit unions) and mortgages via the CDCU Mortgage Center.
  • Identification and creation of new lending opportunities and partnerships that both increase net income and forward the organization’s mission of economic development and financial empowerment.
  • Design and execution of an outreach, marketing, and education plan that result in a significant increase of borrower leads and loan originations.

Investment Program Specific Duties

  • Setting, tracking and meeting growth goals in origination volume
  • Development of market opportunities
  • Management of Credit Policies
  • Marketing and Program Development
  • Pipeline Management
  • Interaction with Investment Credit Committee
  • Ongoing Development of Portfolio Reporting
  • Exploration and Development of Automated Insured Deposit Platform
  • Oversight and Management of Community Development Investment Program staff
  • Support to CEO and CFO in raising capital

CDCU Mortgage Center Specific Duties

  • Growth in origination volume
  • Analysis and realization of potential loan markets, including ITIN
  • Loan Servicing Oversight, including collections and workouts
  • Management of Legal and Compliance Issues
  • Interaction with Mortgage Committee
  • Ongoing Development of Portfolio Reporting
  • Oversight and management of CDCU Mortgage Center team
  • Support to CEO and CFO in capital and liquidity management

Experience and Qualification Requirements:

The Senior Vice President of Lending must have a proven track record in building and growing a successful lending operation, be highly self-motivated, demonstrate initiative, have a strong entrepreneurial mindset, and adhere to high ethical standards.

The Senior Vice President of Lending must commit to carrying out the Federation’s mission of financial empowerment by raising and deploying socially responsible investments in credit unions that demonstrate high impact in promoting the financial well-being of low-income individuals and communities.  Extensive experience in a wide variety of lending (non-profit intermediary, commercial, homeownership) products and programs is key.

Specific Qualifications

  • Bachelor’s degree in Finance or Business or related field, MBA preferred
  • More than five years of management experience in a mortgage banking environment
  • Commercial lending experience
  • Demonstrated experience growing lending operations and third-party originator networks
  • Ability to build and grow borrower and partner relationships
  • Ability to analyze complex financial statements
  • Experience with the New Markets Tax Credit Program and/or Low-Income Housing Tax Credit Program a plus
  • Demonstrated experience with regulatory compliance
  • Demonstrated project and operational management skills including the ability to manage and prioritize multiple tasks
  • Prior experience with both AUS and manual underwriting procedures
  • Ability to exercise professional judgment and make sound decisions
  • Experience in a Community Development Financial Institution or Community Development Entity a plus

 

Please submit a cover letter and resume addressed to:

HR@cdcu.coop

The Federation is an equal opportunity employer that works with member credit unions which serve ethnically, economically, and geographically diverse markets and communities. We value our diverse staff and membership and seek to maintain that tradition of diversity in all of our recruitment efforts. It is the policy of The Federation to provide equal opportunity in all aspects of employment to all employees or applicants for employment without discrimination on the basis of regard to sex, race, color, religion, age, ancestry, national origin, disability, marital status, sexual orientation, gender identity, veteran status and any additional categories protected by applicable federal, state or local laws. Reasonable accommodationsmay be made to enable individualswith disabilities to perform the essential functions required of this position.

Career Opportunities at Federation Member Credit Unions

Lower East Side People's FCU — Chief Executive Officer (New York City)

Lower East Side People’s Federal Credit Union
Chief Executive Officer (New York City)

IDEAL CANDIDATE PROFILE:
The Lower East Side People’s Federal Credit Union is seeking a dynamic, experienced, and highly motivated professional to join our ambitious Board and Staff, and to lead the credit union through the next stage in its history. The ideal candidate will have previously served in a successful leadership role at a financial institution, and will embody a deep commitment to the organization’s double bottom line of community impact and financial sustainability. The credit union’s next CEO will be ready and able to lead the Lower East Side People’s FCU as New York City’s premier community development credit union.
ABOUT LES PEOPLE’S FCU
The Lower East Side People’s FCU is a nationally-recognized leader in the community development credit union movement, with over $55 million in assets. Founded by community residents in 1986 after the last local bank branch closed, LES People’s FCU’s mission is to provide affordable financial services for its members. The credit union is a bilingual (English/Spanish) full-service financial institution providing a wide range of products and services, including savings and checking accounts, debit and credit cards, a full spectrum of loans, and business accounts, as well as financial education and other development services for individuals, families and businesses. The credit union’s lending features a specific focus on affordable housing for low- and moderate-income homeowners. LES People’s FCU’s membership reflects the diversity of New York City and includes a historic membership base among Latinos and low and moderate-income families, micro and small businesses, and nonprofit community organizations. LES People’s FCU has achieved dramatic growth in recent years, expanding its lending reach to new homeowners and small businesses, and continuously widening the range of retail banking products and financial development services to meet the growing needs of all segments of our community. We recently opened our third branch, and are poised to become New York City’s premier community development credit union. The current CEO’s planned retirement is occurring after twelve years of successfully leading the organization.
REQUIREMENTS

  • Bachelor’s Degree and at least five years of operations and financial management experience as a Senior Manager or Board member, at a multi-level bank or credit union
  • Strong references able to speak to candidate’s leadership, supervisory and financial management track record
  • Ability to communicate effectively with Board of Directors, staff, members, community organizations, federal regulatory agencies, and the press
  • Commitment to community development mission of LES People’s FCU
  • Excellent written and oral communication skills
  • Bondable
  • Bilingual Spanish strongly desired

PRIMARY RESPONSIBILITIES
Directs the activities of the credit union in support of policies, goals and objectives established by the Board of Directors, by performing the following duties personally or through subordinate managers and supervisors.

Essential duties and responsibilities include but are not limited to:
1. Maintain a sound plan of corporate organization, establishing policies to insure adequate management development and to provide for capable management succession.
2. Prepare short– and long range plans and budgets based on broad organizational goals and growth objectives.
3. Evaluate the results of overall operations regularly and systematically and report these results to the board.
4. Ensure that all organizational activities and operations are carried out in compliance with NCUA, local, state and federal regulations and laws governing business operations.
5. Direct the development and promotion of LES People’s FCU services.
6. Direct fundraising activities and reporting.

Board of Directors:
 With board, prepare, implement and review short and long-term strategic goals
 Keep board informed of operating, fundraising, personnel matters and other pertinent issues
 Propose to board policy changes and means to improve operations
 Communicate board decisions to staff and present staff concerns to the board
 Provide financial reports and other materials for monthly board meetings

Administrative / Supervisory:
 Oversee performance of all credit union departments, programs and services and ensure that programs are administered in compliance with regulatory and governmental agency standards and mandates
 Directly supervise Senior Management Team (5 people)
 Ensure adherence to a solid system of policies and internal control procedures.
 Promote open communication system among departments, between senior and junior staff, and develop a strong management team
 Oversee hiring, supervision and delegation of responsibilities among credit union staff (25 people)
 Provide opportunities for staff training, development, and internal advancement

Financial Management
 Develop operating budgets and monitor performance and expenditures
 Ensure compliance with NCUA regulations and capital requirements, as well as internal control procedures
 Participate in and act on findings of periodic NCUA examinations
 Enter into business agreements on behalf of LES People’s FCU as assigned by the board

Planning and Development
 Develop and coordinate strategic planning sessions with board
 Develop, implement and monitor short- and long-term business plans
 Explore opportunities for new services, lending, ATM and branch expansion, and field of membership expansion
 Propose and oversee new products and services development
 Establish and maintain relationships with current and prospective funders; and pursue appropriate and creative funding opportunities
 Inform and monitor marketing and communication plans

Member and Community Relations
 Maintain and develop positive relationships between LES People’s FCU and community organizations, elected officials and other supporters
 Assure participation of LES People’s FCU in community events
 Represent LES People’s FCU in coalitions and in the credit union movement
 Pursue partnerships with like-minded credit unions and others to promote LES People’s FCU’s vision and goals
 Be available and responsive to members
 Monitor community and member needs and trends, and ensure that services respond to changing needs
Applications are now being accepted; please respond by February 15, 2018.
Please submit a cover letter and resume to: HR@lespfcu.org

The Lower East Side People’s Federal Credit Union is an equal opportunity employer. We value our diverse staff and membership and seek to maintain that tradition of diversity in all of our recruitment efforts. It is the policy of the Lower East Side People’s Federal Credit Union to provide equal opportunity in all aspects of employment to all employees or applicants for employment without discrimination on the basis of regard to sex, race, color, religion, age, ancestry, national origin, disability, marital status, sexual orientation, gender identity, veteran status and any additional categories protected by applicable federal, state, or local laws. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions required of this position.

Posting of positions is free for all Federation members. Submit a new position!

To modify or remove a position please contact us - info@cdcu.coop

 

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