West Credit Union - Simplicity at your disposal
West credit union is an united investment trust (UIT), that is acting as an online portal for two main parties: investors and borrowers. The company has been operating for a decade with the best analysts by its side, while providing the quality service, safety benefits and variety of liquid assets. We present to you a full-fledged investment service where you can both receive financing and provide it yourself to other users of the platform.
West Credit Union has been filling the gap of low interest rate shortage on the financial market by coordinating transfers and benefit distributions in an efficient manner.
Since launching our consumer loan product in May 2014, more than $2.1 billion in loans have been originated. In 2017, we experienced nearly 3X growth.
What’s driving this incredible growth? Our proprietary underwriting model goes beyond any scores -- we identify high-quality borrowers based on signals of their potential, even if they have limited credit and/or employment experience. We call these consumers “future prime” borrowers.
JOHN VAN DORN
Chief Executive Officer
As Chief Executive Officer of West Credit Union, John oversees the company’s vision, overall operations, and performance. Hejoined the company in March 2016 as Chief Financial Officer, and was named CEO in December 2016. Johm brings more than 20 years of financial management experience to this role.
Prior to joining West Credit Union, He served as Senior Financial Officer of USAA’s Chief Operating Office, where he oversaw USAA’s real estate unit, bank, P&C and life insurance companies, investment management company, and the call centers/distribution functions. During his time at USAA, he also served as USAA’s corporate treasurer and as its bank CFO.
Prior to USAA, John spent ten years at Ford Motor Company and Ford Motor Credit Company in both the US and UK, working on their securitization programs, debt issuance, and a variety of FP&A positions. He has an M.B.A and B.A. from Brigham Young University.
Patrick Magnussen is a Danish-American entrepreneur and business executive. He is the founder of the West Credit Union and worked as a CEO of the company for 2 years. Patrick Magnussen was born in 1950, in Copenhagen. He studied business and law. He received a post-graduate DESS-DJCE (J.D.) degree in Tax and Corporate Law from Université de Montpellier, Montpellier, France, and an MBA degree from HEC Business School in Paris, France, and London Business School. In 1995, in Los Angeles, He started his own company, a software company called PMI Technologies. Later on he was elected as a CEO of Rockhill Capitals, one of the biggest investment company in US market. According to 2018 report Patrick's net worth is $ 2.8 Billion