Rachael Mccarthy Email and Phone Number
My peers acknowledge me as a thought leader regarding fraud, compliance, legal risk, and collections operations. I am passionate about learning, being a strategist, problem solver, and provider of information. These skills helped me earn a leadership role on the Lending and Collections Council for Cornerstone Credit Union League.I describe my role as a corporate firefighter or consulting manager, the resource person for all escalations. For example, if we were served legal documents, had an issue that required research, a complexity that others could not solve, or a compliance question, I lead the fact-finding and resolution process. I organically acquired this role based on several skills that come naturally to me: desire to help, appetite for knowledge, ability to research, find solutions, and provide a recommendation.I did not intentionally become a collections manager but instantly succeeded in the fast-paced environment and developed a deep passion for serving others through hardships. I enjoyed working with customers and developing a team, and from there, I began pursuing a job with a credit union where I took on every problem area or project role that I could. I expanded the scope of my responsibilities and developed a robust skillset with a niche in managing people and processes that gave me upward mobility.As a leader, I am a servant coach who sets the pace for my team. I lead by example with high energy and positivity to create an environment focused on data-driven results. I set clear goals and expectations and build relationships to understand what motivates each individual and the whole team to ensure a cohesive and collaborative unit of satisfied employees. I encourage innovation and creative problem-solving, fostering a fail-fast and forward environment where employees feel secure to explore efficiencies and share ideas. I find joy in helping others succeed and finding creative methods to celebrate these successes.What I love most about my job is building long-term relationships with my team and the customers by helping them solve complex problems and making their lives easier.SKILLSRemote Team Leadership & DevelopmentStrategic Planning & Implementation Asset Recovery Department & Process Integration Reporting & Analysis Process ImprovementOperations Management Vendor Management Policy & Procedure Writing AML, Fraud, BSA Data Management & Analytics Project ManagementFDCPA, FCRA, GLBA, TCPA, Regulation F, and PCI Compliance
Connexus Credit Union
View- Website:
- connexuscu.org
- Employees:
- 98
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Vice President Of Asset RecoveryConnexus Credit Union Dec 2023 - PresentWausau, Wisconsin, United States -
Director Of Member SolutionsWest Community Credit Union Feb 2017 - Nov 2023Lead Member Solutions Department and E-Branch operations, organizing, planning, directing, and controlling collection, sales, and service. Oversee Business Continuity Planning (BCP) and Vendor Management; took over leadership of the Fraud and Bank Secrecy Act (BSA) Departments in 2021. o Attained a low attrition rate of 12% and promoted seven employees during leadership tenure after successfully rebuilding and taking leadership of a team that experienced 100% attrition.o Spearheaded the implementation project for robust financial crimes management software (Verafin) that could be operated by one FTE, saving $80k in office occupancy expenses annually.o Reduced loan fraud and the charge-off ratio by 5% by establishing a forensic underwriting report, loan audit process, and annual training on preventing loan fraud to educate staff and improve performance.o Established and managed over 1000 procedures to ensure proper member service in the internal call center, third-party overflow call center, overdraft program, and collections department.o Created knowledge management practices and document review schedule for annual review and update of policies, procedures, and communication, resulting in adherence to legal policies and regulations and improved NPS score.o Managed the risk management and collections of a loan portfolio that grew from $124M to $500M in 9 years.---Researched and implemented Eltropy texting software, a technology solution to address increased workloads, saving hours of productivity by minimizing outbound calls and decreasing the 30-day collection ratio by 12%.o Maintained key performance metrics in two departments throughout two credit union mergers and served on team managing the systems conversion project that included core, LOS, phone systems, and all member-facing products. -
Member Solutions Department ManagerWest Community Credit Union Apr 2014 - Feb 2017O'Fallon, Missouri, United StatesPioneered legal strategies for debt collection, loan modification, loan loss budget, foreclosure, bond claims, and pending legal complaints, ensuring asset recovery and protection. Serviced and collected all loan types and managed documents for DBAs through mergers and system conversions.o Appointed a new Collateral Protection Insurance provider that saved $145k or 9% of annual loan losses and allowed the outsourcing of insurance service calls.o Developed an Internal Overdraft Management Program that saved over $252k annually without adding an FTE and championed efforts that defended the Overdraft Management Program from two lawsuits filed by members.o Wrote / managed annual Collections, Member Verification, and Overdraft Policy updates to retain audit compliance.o Achieved 34% recovery ratio by creating strategies for first and second, third-party placement of charged-off accounts.o Realized asset recovery ratio of 96% and a below average deficiency balance as a result of a commitment to remarketing repossessed assets. -
Collections ManagerFinancial Asset Management Systems, Inc. (Fams) Mar 2012 - Jan 2014St Charles, Missouri, United StatesLed and developed high-performing teams that consistently satisfied budgets. Demonstrated robust knowledge of FDCPA, FCRA, GLBA, Regulation F, and PCI compliance and incorporated nationally complaint contact strategies in first-party and third-party portfolios. o Created a call audit checklist that increased the company call compliance ratio by 17%.o Maintained a 96% budget obtainment ratio to attract investors by achieving delinquency expectations on an underperforming portfolio.o Awarded Manager of the Month twice, remaining in the top three ranking Managers. -
Assistant Director Of CateringEmbassy Suites Oct 2004 - Mar 2012Saint Louis, MoI utilized my skills in catering, sales, and event planning by promoting an organized office and communicating with various clients to increase sales and execute successful events/meetings.
Rachael Mccarthy Education Details
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Summa Cum Laude. -
Certifed Credit Union Evecutive, CcueGraduated With Honors.
Frequently Asked Questions about Rachael Mccarthy
What company does Rachael Mccarthy work for?
Rachael Mccarthy works for Connexus Credit Union
What is Rachael Mccarthy's role at the current company?
Rachael Mccarthy's current role is VP of Asset Recovery at Connexus Credit Union.
What schools did Rachael Mccarthy attend?
Rachael Mccarthy attended University Of Missouri-Saint Louis, Certifed Credit Union Evecutive, Ccue.
Who are Rachael Mccarthy's colleagues?
Rachael Mccarthy's colleagues are Lisa Belanger, Jodi R., Shoua Lo, Benjamin Pribel, Tina Stroming, Wesley Parker Graham, Michelle Schubring.
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Rachael McCarthy
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Rachael McCarthy
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