Asset Recovery (Collections) Specialist

At IU Credit Union, we find meaning in our work as we witness the positive impact our efforts have on our members’ lives. Our caring culture transcends the organization and is an inherent aspect of how we operate. We have genuine concern for our members and for one another, fostering a sense of belonging and support. Through various community outreach programs, volunteering initiatives, and partnerships with local organizations, our Credit Union team participates in building a stronger community that extends our impact beyond financial transactions.

We are honored to be named one of the  Best Places to Work in Indiana . We hire individuals with a broad range of backgrounds and experiences and invest in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being. A career at IU Credit Union can provide many different paths for you to learn, grow, and make a difference

Asset Recovery Specialist

The Asset Recovery Specialist performs duties required to facilitate consumer, credit card, and mortgage collection activities within the collections department.

Responsibilities :

• Make collections calls for delinquent consumer loans, mortgage loans, and credit card accounts.
• Preparation and filing of bankruptcy, repossession, small claims, lawsuit, and foreclosure documents.
• Work with attorney offices and other third parties to ensure the proper completion of documents in a timely and accurate manner.
• Gathering necessary documents and processing of claims for GAP, VSI, credit life and disability, property insurance, and letter of guarantee requests and payoffs. Follow up as required until situation is resolved.
• Preparing collections and board reports.
• Post payments received in charge off recovery, bankruptcy plans, and judgments.
• Maintain accurate records of contacts and arrangements made.
• Strictly adhere to all applicable laws, rules, regulations, and policies regarding collections practices.
• Other duties include mailing past due notices, monthly delinquency reporting, responding to credit report disputes, and any other duties assigned to support Collections activities. Follow up as required until situation is resolved.

Qualifications :