About Us
Carol Wakefield Consulting is a business and commercial loan, credit administration service serving U. S. Based Credit Unions. Since we exclusively serve Credit Unions we deliver the most comprehensive services designed specifically to enhance the performance of the credit union business and commercial loan portfolio, supporting safe and sound lending practices.
Who We Are |
We provide our clients with the most comprehensive third party business and commercial loan and operation reviews. We have set the standard for professional review
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Our History |
Carol Wakefield-Principal started her consulting career, after 25-years as a commercial lender, at the behest of CUNA to help credit unions start up their member business loan activities. In this position Ms. Wakefield worked with CUs across the US. It was at this time she wrote the “Credit Union Guide for Member Business Lending” published by Sheshenoff. 2001. Many of our clients have mentioned this guide and stated, “How useful it has been”. Most recently Ms. Wakefield lead the MBL effort at NIH Federal Credit Union, Rockville, MD where she acted as SVP, Business Lending and where the $50MM portfolio mix included business loans, commercial real estate loans and SBA loans in equal proportions. Now that she is back consulting, most if not all of her old clients are coming back to use her services including Stanford CU, Orange County’s CU, and America’s Christian CU, all clients since the beginning. Doug Kroeber at ACCU commented after his recent NCUA exam of their for-profit loans, “The examiners only looked at your Loan Review sheets to give us passing marks without looking at anything else”.
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