Posts By: Denise Wymore

NACUSO Member Spotlight on Capstone

Each month we highlight at least one NACUSO member by interviewing one of their top executives. It’s an opportunity to tell their story in a casual and fun way. This month we sat down with John Dearing, Partner & Managing Director of Capstone Strategic, Inc.

PART ONE: Life Story and Experiences

What’s your current position and can you give me a brief overview of what it is you do in your work?

In short, we are growth engineers and I’m a Partner and Managing Director at Capstone.

Capstone helps our clients develop and execute strategic, external growth plans – investments and acquisitions, partnerships and alliances. It is my responsibility to make sure our clients are happy. I oversee delivery of client engagements. One of our measures of success is if clients come back for more. We make sure we have the right team to be able to work with clients over long periods of time.… Read more

Birthday Greetings From Capital One

I am faithful to my credit union…to a point.  I do all my “banking” at my credit union unless they give me a reason not to.   Interest rates are low everywhere but they have been particularly low at my credit union so I opened up an ING Direct Account years ago to hold the majority of my cash deposits.  ING Direct sold out to Capital One and now they are my other financial institution…yes Capital One, the grey behemoth of a bank.

I recently had a birthday and Capital One sent me a Jib Jab email with singing presidents (except for Ben):  Washington, Lincoln, Jackson and Franklin.  I know that no one at Capital One knows me and the message had no personal warmth behind it, but it still made me smile.  My image of Capital One became briefly a fuzzy cute behemoth.… Read more

Collaborating on Collaboration with Kirk Kordeleski

collaborating logo.001Thank you to all those who noticed and read my first blog on Collaboration.

Today lets talk about what makes collaboration work and what causes it to fail.

Collaboration and particularly the formation of CUSOs is all about the credit union answer to the challenge of creating scale and sharing risk in a cooperative structure. In the for-profit world scale is achieved through aggressive growth and acquisition. Neither work effectively in CU land. Aggressive growth requires access to capital, we don’t have access to any form of additional capital so growth is always a function of the current capital levels and ROA. Given that our members own us and returning value to them comes in the form of enhanced services, channels and rates our margins always should run at their minimum required levels, not their maximum levels. Thus it is difficult, without adversely affecting the members, to grow income at a level that would provide aggressively higher capital, which in turn would allow for aggressive growth and additional scale.Read more

NACUSO Spotlight on Next Big Idea Contestants

This month we sat down with 2 of the 2016 Next Big Idea Presenters Ian Lampl, Co-Founder and CEO of LoanStreet and Keith Kelly, Co-Founder and CEO of Rate Reset and the winner of this year’s Next Big Idea Competition. We recently found out that they have partnered to create a unique opportunity for credit unions.

PART ONE: Life Story and Experiences

What’s your current position and can you give me a brief overview of what it is you do in your work?

Keith: I am the Co-Founder and CEO and of Rate Reset, provider of Loan Reset, Acquisition and Retention software.  I am responsible for all day-to-day management decisions and for implementing the Company’s long and short term plans

Ian: My current position is Co-Founder & CEO of LoanStreet LLC.  The bulk of my day-to-day work revolves around educating credit unions on the economic benefits of loan participations and corresponding regulatory structure. Read more

NACUSO Member Spotlight on Tony Boutelle, CEO of CU Direct

Each month we highlight at least one NACUSO member by interviewing one of their top executives. It’s an opportunity to tell their story in a casual and fun way. This month we sat down with Tony Boutelle, CEO of CU Direct.

PART ONE: Life Story and Experiences

What’s your current position and can you give me a brief overview of what it is you do in your work?

I’m the president and CEO of CU Direct and simply put I run a lending technology company that serves credit unions and auto dealers.

What would you say most motivates you to do what you do? What are you most excited or passionate about?

I love building a business. The rush of being an entrepreneur is that every day you wake up and think about what initiatives you can take on to make your business thrive. Every day I come in and enjoy creating value for members, dealers and credit unions.… Read more