Michael Furst
Vice President Lending & Collections at Financial Plus Credit Union - Michigan- Claim this Profile
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Bio
Experience
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Financial Plus Credit Union - Michigan
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United States
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Financial Services
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1 - 100 Employee
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Vice President Lending & Collections
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Feb 2015 - Present
Highly motivated and results driven financial services officer with over 29 years of experience in retail and commercial banking. Analytical and organized with a history of team building and developing effective strategies for growing business assets, revenues, and profitability. Responsible for the consumer loan growth of direct and indirect area, sales execution and strategy, pricing, staff development, and collection of the loan portfolio. Manage the consumer loan portfolio of approximately $305 million. Oversee a consumer loan department of seventeen employees. Oversee a collection department of seven employees. Assist in approving commercial and mortgage loans. Officer on the executive management team. Show less
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Independent Bank
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United States
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Banking
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700 & Above Employee
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Vice President Community Banking
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Jul 2012 - Jan 2015
Responsible for community banking business development following the restructure of Independent Bank. Responsibilities include manager and branch staffing, goal attainment for four Thumb branches, commercial and retail lending growth, deposit growth, as well as profitability growth for all offices. Successful growth of customer base and internal staff integration, successfully achieved results through cross-functional departments.
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Senior Vice President
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Sep 2007 - Jul 2012
Responsible for branch performance of 25 offices serving both metropolitan and rural markets from 2007-2009 in this role. Managed markets in the Troy area until 2009 when a permanent administrator was hired. Oversaw 18 branches in the Thumb area as well as 7 offices in the Troy area. Managed the charge card division growing it from $125,000 in fee income to $375,000 from 2008 to 2012. Responsible for deposit and consumer loan growth. Managed branch sales activities, branch budgeting, and operations of the branches. Responsible for hiring, developing, and training of manager group. Show less
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Senior Vice President Branch Administration
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Jan 1999 - Sep 2007
Responsible for branch performance of 18 branch offices in the Thumb. In November 1999 managed the acquisition and integration of three Mutual Savings branch offices located in the Thumb. In 2006 given the responsibility to oversee seven metropolitan offices in the Troy area. Duties included manager development, consumer lending, deposit growth, goal setting, branch operations, indirect lending, branch budgeting, and building a cohesive team including strategic partners for all markets. Responsible for credit quality and pricing for consumer loan portfolio. Show less
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Vice President Branch Administration
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Jan 1997 - Jan 1999
Duties included manager development, consumer lending, deposit growth, goal setting, branch operations, indirect lending, branch budgeting, and building a cohesive team including strategic partners. In 1997 managed the acquisition and integration of eight First of America branch offices located in the Thumb. Staffed and opened a branch in Lapeer in 2002.
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