Meta moves forward on plans for campus, hiring

By Jodi Schwan

Meta Financial Group plans to hire up to 80 people this fiscal year, which started Oct. 1.

Meta is expanding into the remainder of this building, which currently includes Total Card.

That doesn’t count staff that could be added through acquisitions and will bring the growing company close to 700 employees in Sioux Falls and more than 800 companywide.

“The positions here will be a mix,” chairman and CEO Tyler Haahr said. “As we continue to expand and grow, you need more IT people for new products and solutions, HR, compliance and fraud, and positions to support our existing business lines, which are the ones based here like Meta Payment Systems. Our retail bank is growing over 30 percent this year in Sioux Falls, so they have been adding staff.”

The growth will require more office space. Meta is planning to lease the rest of the Total Card building next year, once Total Card moves to a new office at Lake Lorraine. Meta already leases part of that building. The expansion will add 25,000 square feet.

The corporate headquarters is in the same southwest Sioux Falls office park, The Edges. The buildings are close enough that Haahr eventually envisions another office will connect them.

“It won’t just be a walkway. It will be probably a 50,000-square-foot building between the two buildings that ties it all together. We’re in the planning process for that, whether it’s a year or two or three out we’re kind of waiting to see.”

The company also released additional information this week on its tax business. Meta said it expects to originate more than $1 billion in refund advance loans during the 2018 tax season, retaining “significantly more” of the loans on its balance sheet compared with last year and “leading to higher overall revenues, expenses and provision for loan losses” in that business.

The positive projection follows a loss in refund advance business from H&R Block but an increase in business from Jackson Hewitt Tax Service.

Meta moves forward on plans for campus, hiring

Meta Financial Group plans to hire up to 80 people this fiscal year, which started Oct. 1.

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