Legal Specialist

IH Mississippi Valley Credit Union; Moline (IL); On-site; USD 70,000 - 100,000; Full time

Benefits offered by this job

On-site fitness center

Competitive compensation

401(k) with company match

Job summary

IH Mississippi Valley Credit Union is seeking a Legal Specialist to manage high‑risk accounts, including bankruptcies, deceased members, levies, garnishments, and collateral recovery. You will review loan accounts, negotiate settlements, and coordinate with attorneys, trustees and vendors to protect members and the credit union.

This role requires independent judgment, strong communication, and meticulous documentation to handle time‑sensitive matters in a collaborative, on‑site environment at

Qualifications

• High school diploma or equivalent required; college coursework in business, finance or law preferred.
• 3+ 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.

Responsibilities

• Manage bankruptcy cases and deceased member accounts from beginning to end.
• File 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.

Skills

Communication skills

Negotiation

Conflict resolution

Analytical thinking

Independent judgment

Time management

Attention to detail

Education

High school diploma or equivalent

College coursework in business/finance/law

Job description

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 preferred
• 3+ 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 end
• File 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 www.ihmvcu.org/careers. 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.