Legal Specialist

Join our team as a Legal Specialist at IHMVCU! We are committed to providing exceptional financial services to our members and community. We believe in fostering a collaborative and supportive work environment where every team member can thrive. This position is located at our headquarters on River Drive in Moline, Illinois, featuring a comfortable office environment and an on-site fitness center.

Summary of Position:

As a Legal Specialist, you will manage complex, high-risk accounts involving bankruptcies, deceased members, levies, garnishments, vehicle repossessions, and collateral recovery. You will review loan accounts, negotiate settlements, coordinate with attorneys, trustees, and vendors, and make informed decisions that protect both our members and the credit union.

This role is ideal for someone who uses sound independent judgment, communicates effectively, maintains thorough documentation, and enjoys resolving complex, time-sensitive situations. The successful candidate should have following skills/qualifications:
High school diploma or equivalent required; college coursework in business, finance or law preferred3+ years of experience in collections, legal recovery, or repossession services

Expert understanding of FDCPA, bankruptcy laws and repossession regulations

Strong communication skills, including negotiation and conflict resolution

Experience working with legal professionals, trustees, vendors and financial systems

Ability to analyze complex cases and take timely, compliant actions

Detail-oriented, resourceful, and comfortable working independently on time-sensitive matters

Key Responsibilities:

Manage bankruptcy cases and deceased member accounts from beginning to endFile and track legal documents, including Proofs of Claim, reaffirmation agreements, levies, and garnishments

Coordinate repossessions, auction pricing, and collateral recovery with third-party vendors

Determine collateral disposition strategies and charge-off readiness

Partner with legal counsel and Compliance to ensure actions meet regulatory requirements

Guide Collections Specialists on legal procedures and best practices

Prepare monthly reports related to charge-offs, legal filings, and recovery efforts

Maintain accurate records to support audits and ongoing compliance Why Join IHMVCU?

Being part of Team IHMVCU is more than just a job. It's an opportunity to make a positive impact on our members, our communities, and your career.

We offer:

Outstanding training, support, and resources to help you succeed.

Competitive compensation.
401(k) with company match and profit sharing.

Paid holidays and generous paid time off.

Tuition reimbursement.

Paid community volunteer opportunities.

Comprehensive health, dental, and vision insurance.

Access to our on-site fitness center. Check out our careers page for more information including benefits (Use the "Apply for this Job" box below). Final compensation will be determined by various factors such as experience, specific skills and internal pay equity. Move Up your career at IHMVCU with this great opportunity!

Physical Requirements Sitting:
Sedentary work involves sitting most of the time. Jobs are sedentary if walking and standing are required only occasionally, and all other sedentary criteria are met.

Talking:
Expressing or exchanging ideas by means of the spoken word; those activities where detailed or important spoken instructions must be conveyed to other workers accurately, loudly, or quickly.

Hearing:
Perceiving the nature of sounds at normal speaking levels with or without correction and having the ability to receive detailed information through oral communication and making fine discriminations in sound.

Finger, handle, touch:
Picking, pinching, typing or otherwise working, primarily with fingers rather than with whole hand or arm as in handling. Applying pressure to an object with the fingers and palm. Lifting Demands:
Up to 10 lbs.

Visual acuity to do things such as: preparing and analyzing data and figures; transcribing; viewing a computer terminal; extensive reading.