Department of Commerce Federal Credit Union is a community based financial institution located in Washington, DC. The credit union has prides itself on its member service that harkens to the day when every member was known by their first name. Its field of membership includes most Department of Commerce employees and anyone who lives, works, worships or goes to school in Washington, DC. Established in 1933 the credit union has grown to over $250 million in assets with over 14,000 members. The credit union is very strong financially with consistent bottom line performance exceeding peer averages. The credit union offers a competitive salary and benefits package. If you are interested in these positions please email your resume and cover letter to Reisa Jackson at rjackson@docfcu.org or call her at 202-482-8207.

Vice President of Lending

Job description

The Vice President of Lending at Department of Commerce FCU will have managerial oversight of the lending and collections departments of the credit union. This person also serves as a member of the senior management committee which is responsible for all strategic planning, policy and day to day credit union wide operational decisions

Expectations of the position

-Must be able to increase loan volumes to achieve a net growth in loans that exceeds 10% per year while maintaining delinquency and charge offs within 25 basis points of peers and maintaining a profitable spread on the loans.
-Must have the ability to make credit decisions on marginal credit applications.
-Must be able to work on credit union wide strategic initiatives.
-Must actively manage the collections department and develop ways to determine the effectiveness of the collections process at the credit union.
-Must have a thorough knowledge of all lending related regulations.

Requirements for Candidates

- Bachelors’ degree in Business Administration, Management, Finance or a related field required, advanced degree preferred.
- Minimum of 10 years senior management experience in lending in a financial institution.