PrimeWay Federal Credit Union · 23 hours ago
Deposit Manager
290 North Retail Center - HOUSTON, TX 77040
Full-time
Onsite
Mid, Senior Level
2+ years expPrimeWay Federal Credit Union is seeking a Business Deposit Manager who will be responsible for managing the business deposit account and service operations. The role involves working closely with the Business Lending Team and the Branch network to originate and develop new business deposit relationships, as well as managing policies and strategies for business deposit accounts.
FinanceFinancial ServicesNon Profit
Responsibilities
Primarily responsible for growing business deposits and services
Create and execute business development plan to grow business deposits
Perform due diligence and determine eligibility in order to open new deposit accounts, setup account services and approve ACH Credit Risk limits
Proactively call on businesses to solicit deposit accounts
Works closely with Business Lending Team and Branch staff to originate new relationships and help develop existing relationships
Coordinate with our Marketing Team, Business Lending Team and Retail Team to maximize business deposit growth
Make recommendations for negotiated fees and terms required to compete for strong business deposits, as needed
Monitor market for deposit offerings from competitors and recommend changes to our deposit account features, rates, fees and terms in order to stay competitive
Manage vendor relationships, including contract review and negotiation for new contracts and renewal of existing contracts. Research market for alternative vendors, perform due diligence, calculate return on investment and cost benefit analysis. Serve as project lead for implementing new services
Function as subject matter expert on business deposit accounts and services and provide support to Business Lending Team, Branch Teams and general membership
Monitor performance of business deposits and prepare accurate reports
Monitor all federal and state regulations and recommend changes to policy and procedures
Lead by example in demonstrating the Credit Union’s caring values and supporting the Credit Union’s goals, mission and vision
Successfully grow deposit operations. Interview and hire new employees as needed
Perform other duties as assigned
Qualification
Required
Minimum of 2 years of business deposit sales / origination experience
Bachelor's degree in Business related field is required
Knowledge of business deposit accounts and services
Reliable, well-organized and detail-oriented skills
Excellent communication, motivation and leadership skills
Strong business development and problem-solving skills
General understanding of business operations
Knowledge of laws and regulations governing credit unions
Knowledge of computers and software applications
Perform primarily sedentary work with limited physical exertion and occasional lifting of up to 25 lbs
Must be capable of climbing/descending stairs in emergency situation
Must be able to operate routine office equipment including telephone, copier, facsimile, and calculator
Must be able to routinely perform work on computer for an average of 6-8 hours per day
Must be able to work extended hours whenever required or requested by management
Must be capable of regular, reliable and timely attendance
Preferred
Prefer at least 1 year of managerial experience
Prefer extensive business deposit sales and management experience from working at Banks and Credit Unions in the Houston TX Market
Prefer Master's degree in Business Administration
Company
PrimeWay Federal Credit Union
You care for the community. We care for you. At PrimeWay Healthcare Community Credit Union, we’re more than a financial institution.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Weatherli Holt
SVP/Chief Financial Officer
Brent L. Vannoy
SVP, Chief Risk & Legal Officer
Recent News
Morningstar.com
2025-06-02
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