Financial Resources Federal Credit Union
Vice President of Lending
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Category:
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Lending
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Location:
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Bridgewater, NJ
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Position Summary
Financial Resources Federal Credit Union is in search of a senior lending executive to advance the organization’s loan operations. This individual will be responsible for growing a diverse loan portfolio consisting of mortgage, consumer and small business loan products. Responsibilities will also include implementing change to strengthen the loan department, enhancing underwriting guidelines and loan policy, overseeing collections operations, establishing and maintaining annual strategic lending objectives and coaching and mentoring departmental staff. Successful candidate will have a solid foundation in underwriting and developing loan criteria, a proven ability to implement change and a thorough understanding of leveraging technologies to improve lending operations.
Company Profile
Financial Resources Federal Credit Union, formerly the Ethicon Employees Federal Credit Union and the Raritan Federal Credit Union, is a federally chartered credit union that was formed over 75 years ago. Financial Resources has over $300 million in total assets and offers complete financial solutions to its almost 25,000 members. Financial Resources is headquartered in Bridgewater, New Jersey and has 5 public access branches throughout New Jersey and 11 company access branches in New Jersey, Massachusetts, Pennsylvania, New Mexico and Ohio. They also have close to 4,000 Credit Union Service Centers across the nation and more than 50,000 surcharge-free ATMs in the Allpoint and MoneyPass ATM networks from coast to coast. Financial Resources practices values that differentiate them from other financial institutions. They recently announced their three scholarship recipients of $2,000, $1,000 and $500 respectively for their award-winning essays regarding the greatest challenge their generation faces. Over the last 17 years, the Credit Union and the Financial Resources Foundation have raised over $375,000 to benefit charities and medical institutions that provide services to needy children. At their annual charity event held in May 2009, they raised $15,000 to benefit Ocean of Love, a non-profit, charitable organization dedicated to helping children with cancer and their families.
Community Profile
Bridgewater Township is a township in Somerset County, New Jersey. It is a relatively large, mostly affluent suburban township. The 32-square mile community borders 11 other municipalities. Tradition holds that it was at the Middlebrook encampment that the first official flag of the United States was unfurled. By special order of Congress, a Thirteen Star Flag is flown 24 hours a day at the Washington Camp Ground, part of the former Middlebrook encampment, in Bridgewater. The township’s population began to grow when residents of larger cities such as Plainfield and Newark started to migrate into Bridgewater. Subsequently, Bridgewater started to receive an influx of residents who worked in the strong pharmaceutical, telecommunications and financial industries in Bridgewater and the Raritan Valley. More recently, there has also been growth as Bridgewater has become more popular with New York City commuters who use Bridgewater Station on New Jersey Transit's Raritan Valley Line or Interstate 78 East to commute to New York City. Bridgewater is a diverse and thriving township with a mix of both rural and suburban life. The township is home to 3600 acres of public and private parks and recreation opportunities. Bridgewater is a prime ground for many new and large businesses, including Sanofi-Aventis, Johnson & Johnson, MetLife, and Phillips-Van Heusen. Bridgewater boasts Blue Ribbon schools, job opportunities in national and international pharmaceutical and biotechnology firms, and is home to the championship winning Somerset Patriots and Bridgewater Commons Mall, as well as numerous other shopping opportunities and hotels. Bridgewater has progressed rapidly from its rural roots, and is poised for more growth in the future.
Compensation
A compensation package consisting of base salary, incentive and benefits will be offered to the selected candidate.
Degree Required
Ideal candidate will have ten plus years of progressive lending experience within a financial institution, five years of management experience and a Bachelor’s degree or equivalent related business experience.
Referrals
You may recommend others for candidacy by calling Marcus Cotton, Vice President at (800) 367-0433 extension 119.
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