VP, Credit

Title VP, Credit

Department Corporate

Reports to Chief Executive Officer Office

Salary $135,553-$159,474 annually

Summary

Reporting to the Chief Executive Officer, the VP, Credit will provide strategic leadership on all retail and commercial credit-related matters, including adjudication, concentration risk management, portfolio composition and monitoring, and policy compliance. Overseeing credit adjudication and collections, the VP, Credit ensures loan decisions support portfolio quality, profitability, and sustainable growth. Additionally, the role evaluates and approves LVCU’s most complex credit applications, balancing risk management with business objectives.

As a key member of the Executive Leadership Team, the VP, Credit will contribute to organization-wide planning, ensure adherence to regulatory requirements, and foster a culture of high performance and member-centered service.

Key Responsibilities

• Provide strategic oversight of LVCU’s credit activities, advising the executive on corporate strategies and contributing to organizational planning and policy and program development.
• Ensure credit and collections activities align with risk appetite, regulations, and policies, addressing deficiencies and implementing preventative measures.
• Monitor the performance of lending and collections portfolio, analyzing emerging credit risks and stress testing scenarios, and prepares periodic reporting
• Ensure sound and timely credit decisions conforming to LVCU policies and procedures by exercising sound credit judgement in approving and declining credit applications within established limits, presenting sound effective recommendations on credit requests above established limits, and ensuring credit applications are properly, accurately investigated, analyzed and documented.
• Ensure adherence to underwriting policies, regulatory requirements, and risk tolerance thresholds while monitoring loan portfolio performance and deterioration of credit quality.
• In conjunction with the Risk and Administration function; maintain credit procedures and recommend updates to the Investment and Lending Policy, ensure adequacy and completion of credit administration activities, ensure completion of credit file post review and develop and implement solutions to address identified deficiencies/gaps, maintain parameters for auto-adjudication models, and ensure adequate allowance for impaired loans.
• Analyze market trends and member needs to grow the lending portfolio and support innovation in lending practices.
• Lead or support the introduction of new lending products, programs, features or systems.
• Provide subject matter expertise as a voting member of the Asset-Liability Committee (ALCO) and the Executive Credit Committee.
• Oversee the credit adjudication and collections team, including structure, staffing, and resource allocation.
  
  

Leadership & Staff Development

• Manage, lead and provide direction to the Commercial Credit Supervisor, Commercial Account Officer, Commercial Services Officer, Commercial Accounts & Delinquency Clerk.
• Champion a strong, values-aligned team culture grounded in service excellence and accountability.
• Drive performance management, talent development, and succession planning.
• Ensure staff across LVCU receive required training on personal and commercial credit.
• Coach and support direct reports to achieve member service, sales, and performance goals.
• Adhere to service standards as they pertain to the position
• Enthusiastically participate in various internal committees, community involvement and image building of the Credit Union.
• Other duties as assigned.
  
  

Education And Experience

• Bachelor’s degree in finance, Business Administration, or a related field.
• 8-9 years of progressive experience in retail and commercial banking with a minimum of 8 years of experience in complex lending, adjudication, and collections.
• Minimum 5 years’ experience in a supervisory/management function in a financial institution.
• Ability to manage, coach, motivate, and develop employees to ensure high productivity.
• In-depth understanding of credit adjudication principles, policies, and practices; a proven record of responsible adjudication.
• Advanced knowledge of retail and commercial lending products, services, and regulatory requirements, including detailed understanding of revenue streams.