Mike Schenk has over 40 years of experience in the financial services industry.
During his long career at the nation’s primary credit union trade association Mike led a dynamic team of top research professionals. In his role as chief economist, he ensured that America’s Credit Unions was first among all depository trade groups to harness the power of big data - spearheading the organization’s use of the 35-billion record Equifax database to prove the credit union difference and ensure policy makers recognize, embrace and promote the transformative power of cooperative finance.
As Principal in People Not Profit, LLC he consults and speaks about economics and depository finance nationally as well as for state leagues and individual credit unions.
Schenk also serves as a Strategic Advisor for Filene Research Institute - the credit union movement’s leader in insight & innovation. In this capacity he helps shape cutting-edge research that advances the “people-helping-people philosophy” and strengthens the ability of credit unions to improve their members’ financial well-being. His enthusiastic support for Filene’s mission grew from a close working relationship with the Filene team and from his tenure on the Filene Board of Directors.
He serves on the board of Summit Credit Union in Madison, Wisconsin – a $7.5 billion financial cooperative with 250,000 members and a focus on helping women avoid poverty in retirement. In his 20 years on the Summit board Mike has served as Board Chair and has Chaired the credit union’s Asset-Liability Management and Risk Management/Internal Audit Committees. He currently serves as the credit union’s Treasurer.