Michael Savage
Vice President - Member Business Services at Carter Credit Union- Claim this Profile
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Bio
Experience
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Carter Credit Union
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Financial Services
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1 - 100 Employee
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Vice President - Member Business Services
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Jul 2022 - Present
Shreveport, Louisiana, United States
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Assistant Vice President - Member Business Services
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Mar 2021 - Aug 2022
*Developed and implemented reporting to monitor LTV migration and portfolio concentrations by industry, loan type, and geography. *Authored changes to internal loan policy and procedures. *Established problem loan monitoring reports and procedures. *Trained and mentored new hires. *Established weekly pipeline meetings to manage workflow across the growing team. *Managed all communication with SBA and borrowers regarding PPP loan reviews. *Directed… Show more *Developed and implemented reporting to monitor LTV migration and portfolio concentrations by industry, loan type, and geography. *Authored changes to internal loan policy and procedures. *Established problem loan monitoring reports and procedures. *Trained and mentored new hires. *Established weekly pipeline meetings to manage workflow across the growing team. *Managed all communication with SBA and borrowers regarding PPP loan reviews. *Directed problem loan management and reporting. *Approval authority increased from $100,000 to $200,000.
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Commercial Portfolio Manager
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Sep 2018 - Mar 2021
Shreveport, Louisiana *Managed a $60MM portfolio of 500+ commercial and small business clients, growing the total portfolio by 50% and doubling the size of Carter’s government guaranteed portfolio. *Collaborated with my team to fund 2000+ PPP loans, more than 99% of credit unions. *Responsible for quarterly NCUA call reports and monthly board reporting including verification of data and analysis. *Structured and underwrote new revolving and term debt including unsecured loans & lines of credit… Show more *Managed a $60MM portfolio of 500+ commercial and small business clients, growing the total portfolio by 50% and doubling the size of Carter’s government guaranteed portfolio. *Collaborated with my team to fund 2000+ PPP loans, more than 99% of credit unions. *Responsible for quarterly NCUA call reports and monthly board reporting including verification of data and analysis. *Structured and underwrote new revolving and term debt including unsecured loans & lines of credit, equipment loans, asset-based LOCs, and OO & NOO real estate loans ranging from $10k auto loans to $20MM syndications. *Monitored and advised on each step of new loans from application to funding. *Underwrote renewals and performed ongoing monitoring for existing debt. *Served as point-of-contact for NCUA MBL examiners and third-party exams. *Served as one of six members of Carter Credit Union’s business loan committee. *Produced financial analyses and financial reporting templates for clients. *Communicated with clients to request and discuss financial statements and covenant calculations. *Researched and registered Carter Credit Union with the Federal Home Loan Bank Small Business Boost program to provide SBB loans.
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Regions Bank
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United States
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Banking
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700 & Above Employee
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C&I/Corporate Servicing Analyst
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Oct 2016 - Sep 2018
Shreveport, Louisiana Perform routine credit analysis for Large Corporate, Commercial, and Specialized Industry groups.
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Commercial Credit Underwriter
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Aug 2015 - Oct 2016
Shreveport, Louisiana Managed a portfolio of commercial clients with over $100 million in credit exposure. Underwrote new debt ranging from $2 million - $40 million. Performed routine credit monitoring.
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Education
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Louisiana Tech University
Bachelor of Science (B.S.), Finance