Mazuma Credit Union Names Mike Schreck Chief Risk Officer

Mazuma Credit Union Names Mike Schreck Chief Risk Officer

OVERLAND PARK, KS (September 16, 2024) — Mazuma Credit Union has selected Mike Schreck as its first Chief Risk Officer, following an extensive nationwide search facilitated by DDJ Myers, a leading executive search and leadership development firm.

“As we continue to navigate an increasingly complex financial landscape, the appointment of our first Chief Risk Officer underscores Mazuma’s commitment to protecting the trust and financial well-being of our members. This strategic role will enhance our ability to more effectively identify and manage risk, enabling us to maintain the highest standards of excellence and security in our operations,” said Deonne Christensen, President and CEO. “We are thrilled to have Mike promoted to this position because his extensive experience, education, proven leadership and dedication to our Credit Union over the past decade have been key components to our ability to fulfill our purpose of making Kansas City a better place to live, work and bank!”

Schreck is a seasoned risk management executive with 38 years of industry experience, including a decade as a bank examiner. He joined Mazuma more than a decade ago, serving in a variety of risk management roles and helping the credit union grow its risk management function. Schreck has a proven track record of developing and implementing comprehensive risk management programs that support strategic planning and operational decision-making. His expertise includes financial and market risk, regulatory compliance, operational and fraud risk, and strategic and reputational risk. His passion, dedication, institutional insight, and commitment to the Mazuma culture made him the perfect fit for this role.

“I am excited to work with the Mazuma leadership team and volunteers to find new opportunities to meet the financial needs of Kansas City residents while identifying and managing the risks inherent in the financial services industry,” Schreck says. “Mazuma’s goal is to make Kansas City a better place to live, work and bank, and I am committed to that goal. It is our homegrown version of the ‘people helping people’ philosophy of a credit union.”

“I appreciated the opportunity to work with DDJ Myers. They were professional and engaged me throughout the recruiting, interviewing and assessment process,” Schreck says. “I look forward to working with one of their executive coaches as I begin my new job at Mazuma Credit Union.”

In addition to his professional experience, Schreck is dedicated to continuous learning and development, which is one of Mazuma’s core values. His educational and professional qualifications include a Bachelor of Science in Accounting (Summa Cum Laude). Schreck is also a Certified Public Accountant (CPA), Certified Information Systems Auditor (CISA), Chartered Global Management Accountant (CGMA), Credit Union Enterprise Risk Management Expert (CUERME) and Credit Union Compliance Expert.

Schreck has been happily married to his wife, Melanie, for 30 years. They have four adult children, a grandson, and a granddaughter on the way. He loves spending time with his family and reading. He spends much of his free time serving and mentoring others in his church, at work, and in the credit union industry.