The CUInsight Network podcast: Collateral protection – SWBC (#52)
Featuring Michael Dippo, SVP of Lender Placed Auto at SWBC
Thank you for tuning in to episode 52 of The CUInsight Network, with your host, Lauren Culp, Publisher & CEO of CUInsight.com. In The CUInsight Network, we take a deeper dive with the thought leaders who support the credit union community. We discuss issues and challenges facing credit unions and identify best practices to learn and grow together.
My guest on today’s show is Michael Dippo, SVP of Lender Placed Auto at SWBC. Michael began his career as a teller in college and he continues to add value to the financial industry with nearly 30 years at SWBC. The team at SWBC offers a wide range of insurance, mortgage, and investment services to financial institutions, businesses, and individuals so they can meet critical goals. Michael specifically works with SWBC’s Collateral Protection Insurance (CPI) carriers to manage existing CPI programs and refine useful coverages for a better future.
During our conversation, Michael talks about financial protection for credit unions and members. Much of his work is based in loan risk management and he shares how SWBC helps credit unions track insurance on collateral. Michael explains how insurance protects a lender’s interest in the collateral they finance as well. The conversation explores current trends on loan risk in the financial industry, specifically changes within the auto industry.
As we wrap up the episode, Michael talks about who he admires most, spending time with his family, and which non-profits he volunteers for and serves on the board. Enjoy my conversation with Michael Dippo!
Connect with Michael:
Michael Dippo, SVP of Lender Placed Auto at SWBC
mdippo@swbc.com
www.swbc.com
Michael: LinkedIn
SWBC: Facebook | Twitter | LinkedIn | YouTube
Show notes from this episode:
What an amazing interview with Michael! Check out all the exceptional work his team is doing over at SWBC here.
Want to hear more from Michael? Click here.
Place mentioned: Texas
Place mentioned: San Antonio, TX
Shout-out: Resolution Trust Corporation
Shout-out: Charlie Amato
Shout-out: Gary Dudley
Place mentioned: Texas Hill Country
Place mentioned: Colorado
Place mentioned: Alaska
Shout-out: Texas Business Hall of Fame
Shout-out: Admiral William H. McRaven (Bill McRaven)
Shout-out: Ryan Gosling
Shout-out: Steve Carell
Shout-out: Brad Pitt
Shout-out: Michael’s wife
Shout-out: Michael’s grandkids
Place mentioned: Boerne, TX
Shout-out: Hill Country Family Services
Shout-out: San Antonio Lighthouse for the Blind
Shout-out: Michael’s mother
Shout-out: USAA
Podcast mentioned: Captrust’s Revamping Retirement
Podcast mentioned: Motley Fool Money
Book mentioned: Make Your Bed: Little Things That Can Change Your Life…And Maybe the World by Bill McRaven
Book mentioned: Make Your Bed with Skipper the Seal by Bill McRaven
Book mentioned: Moneyball: The Art of Winning an Unfair Game by Michael Lewis
Book mentioned: The Big Short: Inside the Doomsday Machine by Michael Lewis
In this episode:
[00:41] – Michael Dippo says he worked his way through college as a bank teller.
[02:29] – Michael describes his work with credit unions and loan risk management.
[04:46] – The largest asset of a credit union is the loan portfolio.
[06:41] – What trends does Michael notice in risk management?
[09:34] – How does SWBC give credit unions more member-centric products and services?
[11:06] – Michael explains who he admires even after decades of knowing each other.
[13:30] – Michael’s high school friend is this well-known author.
[15:58] – Michael enjoys this book-inspired movie, time with family, and charity work.
[17:46] – Michael sincerely appreciates how credit unions take care of their members.
