Mark Allen

Senior Vice President, New Ventures at Access Softek
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Mark Allen is the SVP of New Ventures for Access Softek. He led the company's launch of its Integrated Robo-Advisory Platform, EasyVest, as an add-on to Access Softek’s online and mobile banking solutions. Mark has spent his entire 39-year career in the Financial Services Industry with the last 27 focused exclusively in the Credit Union space. His experience includes: * CEO of XCU Capital & Focus Insurance (1991-2006) where Mark built a nationwide Broker Dealer and Insurance Agency originally owned by Xerox FCU and eventually owned by 21 large CU’s. XCU provided services to those 21 large CU’s and a dozen others that were not client owners. These CU’s included 2 of the 5 largest CU’s at the time, State Employees CU of NC and The Golden One. The firm grew from 1 to 120 investment representatives and managed over $1.6B in Assets during Mark’s tenure. * CEO of One Washington Financial (2007-2016) where Mark managed and grew two businesses successfully. The mortgage servicing business grew loan assets serviced from $800M in first mortgages to total nearly $2B in loans serviced including a $200M commercial loan portfolio. OWF also developed a mobile and on-line lending product called Q-Cash that fully automated the loan process. This allowed our members to apply for, be approved and funded within 45 seconds. The mobile aspect of this product was built with the help of Access Softek and the product is now being used by numerous CU’s nationwide. * SVP of Mortgage & Investments (2007-2014)/Chief Credit Officer (2014-2016) Washington State Employees CU. Mark rebuilt and reorganized a CU Wealth Management Program and Reorganized and managed the member mortgage lending operation. His team later built a commercial lending business unit that grew to over $200M in loan balances within the first three years. As Chief Credit Officer, he also took on all consumer lending. The consumer lending team dramatically increased originations and eventually sold over $200M in loan participations directly to interested CU’s. Mark has been NASD/FINRA securities licensed since 1981, holding the series 7, 24,53,63 and 65 securities licenses.

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  • Since ESG investing is focused on only supporting companies who operate legally and ethically, there should be more scrutiny of large financial institutions who repeatedly enable criminals and terrorists. If necessary, there should be removal from consideration to qualify for relevant funds going forward. The large (exchange-traded fund), pension and sovereign wealth players can play a significant role in rewarding those that play by the rules and punishing those that don't. On an investing level, the greatest impact would be through large ESG funds removing money laundering offenders from their funds, since individuals typically do not make large enough investments in a single company to make a significant impact.

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