Michael Bare Email & Phone Number

Santa Rosa, Ca, Us

Member of the Senior Leadership Team working collaboratively with all team members to lead the Credit Union. Manage interest and credit risk, Asset Liability (ALM), Budget, Cash Management, Liquidity, Investments and Call Report functions. Leader of Finance, Accounting, Payroll, and Administration/Facilities areas. Co-chair of ALCO. Core member of the Credit Risk, Retirement, Compensation, and Finance Committees. Champion for the organization’s Finance strategy focused on building financial strength in a responsible manner within established risk tolerance parameters. Responsible for Allowance for Loan Losses, Product and Member Profitability Analysis, and Employee/Management Performance Incentive programs. Key Achievements:  Developed Financial Risk Management Policy, analytics, process, and oversight.  Helped lead the organization through a severe recession by implementing strategies to reduce expenses, increasing non-interest revenue, and managing Credit Risk.  Exceeded 9% net worth strategic goal and non-interest income goal a year ahead of goal. Developed Retirement cost containment strategy. Successful Audit results specific to Accounting Records: Account Reconcilements and Financial Statements. Worked directly with External and Regulatory auditors to provide all requested information in a timely manner in order to drive excellent audit results. High Department Employee Engagement results. Developed Mortgage Servicing Portfolio Valuation analytics and methodology. Created system to capture all components (FAS 5, FAS 114, Trouble Debt Restructurings, Modified Loans “True UP”, and Qualitative and Environmental) into the Allowance for Loan Losses calculation.

Oversight of the Accounting/Finance, Investments, Risk Management, Facilities, EFT/Processing (Electronic Payments), and Collection FunctionsKey Achievements:  Entering a troubled situation, made personnel and procedure changes quickly in all Departments creating strong teams better able to serve the members and internal departments. Created strong audit results through efficient accounting reconciliation and workflow processes and procedures.  Performed a detailed analysis with recommendations relating to Indirect Lending losses as part of taking over management of the Collections area.

Chief Executive Officer for a small-medium sized credit union directly involved with all aspects of the organization. This experience, when combined with my background and education, lead to creating a unique combination of overall credit union organizational knowledge and skills that few people can match.Key Achievements:  Built infrastructure to support asset growth of 15% Increased loan-to-share ratio and created higher member “give back” Created educational opportunities for employees and increased employee engagement and morale

Responsible for all aspects of both the Accounting and Data Processing areas including establishing investment policy and managing the Credit Union’s varied investment portfolio. Chief Operating Officer of the CUSOKey Achievements:  Helped build the Credit Union from $40 million in assets to $200 million at time of leaving Successfully led manual merger of $40 million Credit Union Successfully led conversion onto Symitar Core Processing system

Master Of Business Administration (Mba), Business Administration And Management, General

Bachelor Of Science (Bs), Accounting

Education record

Class Treasurer and Speaker, Graduated with High Honors