Full-Time
Vice President Commercial Lender
Updated on 8/1/2026
Lake Michigan Credit Union
1,001-5,000 employees
Member-owned financial co-op providing loans
No salary listed
Company Does Not Provide H1B Sponsorship
Naples, FL, USA
In Person
 Finance & Banking (1) |
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- A Bachelor's degree in Business, Finance, Economics, or a related field is required.
- Five or more years of experience in commercial lending, with proven success in portfolio management and business development, is required.
- Thorough knowledge of commercial lending policy, depository services, and credit union or banking operations is required.
- Solid financial analysis capabilities and understanding of financial statements are required.
- Excellent communication and interpersonal skills are required.
- Build and maintain a strong pipeline of commercial lending opportunities to support portfolio growth.
- Develop a thorough understanding of members' businesses, including their operations, financial performance, and strategic objectives.
- Manage and deepen existing member relationships by identifying opportunities to cross-sell deposit products and other financial services.
- Provide members with insights, industry knowledge, and market trends to support informed business decisions.
- Monitor the commercial loan portfolio to ensure strong credit quality, including oversight of past-due credits, non-performing loans, loan servicing, and the resolution of outstanding loan conditions.
- Conduct regular member meetings on a quarterly to semi-annual basis to assess performance and identify new lending opportunities.
- Evaluate member loan requests and make preliminary assessments of creditworthiness and feasibility.
- Gather and analyze required documentation, including financial statements and project-related information.
- Collaborate with the Credit team to obtain additional information or clarification needed for loan approval and closing.
- Coordinate internal and external resources to ensure timely and efficient loan processing and execution of loan documents.
- Ensure full compliance with all federal and state lending regulations, LMCU policies, and risk management standards.
- Active involvement in community and industry organizations is preferred.
Lake Michigan Credit Union (LMCU) is a member-owned financial cooperative that offers personal and business banking services. It provides checking and savings accounts, credit cards, and loan products such as mortgages, home equity loans, and auto loans, with an emphasis on low mortgage rates and low down payment options. Members access services through physical branches and online banking, with revenue primarily from interest on loans and related financial fees. Unlike traditional banks, LMCU is owned by its members, which can enable more favorable rates and terms. The company serves communities in Michigan and Florida, combining local presence with digital banking to support everyday financial needs. Its goal is to deliver affordable, accessible financial services to its members while growing a stable, member-driven financial cooperative.
Company Size
1,001-5,000
Company Stage
N/A
Total Funding
N/A
Headquarters
Grand Rapids, Michigan
Founded
1933
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Simplify's Take
What believers are saying
- Commercial lending leadership promotions support continued growth in Michigan and Florida.
- Downtown Detroit branch enables community-linked membership acquisition campaigns.
- Digital banking features support self-service onboarding and cross-selling.
What critics are saying
- Higher-rate competition compresses mortgage originations and net interest margin.
- Deposit pricing pressure forces higher savings yields or balance attrition.
- Cyber or fraud incidents would damage trust and trigger deposit flight.
What makes Lake Michigan Credit Union unique
- Member-owned structure supports better pricing on loans and deposits.
- Largest credit union in Michigan with 75 branches across Michigan and Florida.
- Commercial and mortgage teams target local businesses and specialized borrowers.
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Benefits
Health Insurance
Dental Insurance
Vision Insurance
Health Savings Account/Flexible Spending Account
Unlimited Paid Time Off
401(k) Retirement Plan
401(k) Company Match
Paid Vacation
Paid Sick Leave
Tuition Reimbursement
Company News
LMCU announces key changes to Commercial Lending leadership. Lake Michigan Credit Union (LMCU) is pleased to announce a pair of promotions that will reorient the credit union's Commercial Lending team toward continued success. LMCU has promoted Dan McLean to Chief Commercial Officer, with McLean bringing over 30 years of commercial lending experience to his new role. He's spent nearly 15 of those years at LMCU as a trusted leader - one whose thoughtful approach to collaboration and community has strengthened the organization's credit quality and expanded its market presence across both Michigan and Florida. McLean's new position comes at the same time as Pete Rahrig's promotion to Senior Vice President Commercial Lending Executive. An 11-year mainstay at LMCU, Rahrig will be responsible for the strategic growth and performance of the credit union's Michigan Commercial Lending team across the entire State, including its expanding Southeast Michigan market. "This is another step forward in our team's ongoing momentum in Commercial Lending," said LMCU Chief Lending Officer, Ellen Steinfeld. "Between Dan's leadership, Pete's eye for new opportunities, and the overall strength of our ever-growing team these past several years, I'm excited to see what new relationships we'll build with local business leaders." McLean, whose promotion follows the retirement of LMCU's previous Chief Commercial Officer, Jim Maskell, is looking forward to taking up the mantle. "Each year, I get more and more proud of LMCU's Commercial Lending team, and I can't wait to keep that momentum going by leading such a talented group of professionals," McLean said. "We're supporting Michigan and Florida businesses as they make major moves to improve their local economies, and it means a lot to help them build more, do more, and create more jobs."
Lake Michigan Credit Union welcomes Maria Labie to Southeast Michigan branch. Lake Michigan Credit Union is proud to welcome Mortgage Market Manager Maria Labie to the Southeast Michigan - Metro Detroit and Ann Arbor branch of LMCU. Maria brings a relationship-first approach to lending across Michigan. Known for her authenticity and personalized service, Maria works with professionals, athletes, business owners, and individuals, helping them navigate home financing with clarity and confidence. Whether she's working with first-time home buyers or specialized industries like construction, she adds a personal touch to every interaction to ensure her clients' unique needs are met. "Helping people achieve something deeply meaningful - homeownership - is something Maria finds incredibly rewarding," Vice President of Regional Mortgage Production Jake Williams said. "She excels at guiding clients through the process in a way that removes stress and builds confidence." Maria brings both experience and heart to every interaction. In today's fast-moving, technology-driven world, she makes it her goal to tailor solutions as unique as every one of her customers. "I chose LMCU because of its strong commitment to people, community, and innovation," Labie adds. "LMCU aligns with how I approach lending - putting relationships first while embracing forward-thinking solutions in an ever-evolving, AI-driven world." Based in Detroit and active throughout the state, she combines deep industry experience with a progressive, people-first mindset. For lending solutions, please reach out to Maria via phone at 313-616-4007.
Lake Michigan Credit Union hires Brock Blanchard as Mortgage Loan Officer in Grand rapids. Lake Michigan Credit Union ("LMCU") is proud to announce the hiring of Brock Blanchard as a Mortgage Loan Officer serving the West Michigan market. Blanchard brings nearly 20 years of mortgage lending experience to LMCU, with deep expertise in first-time homebuyer, conventional, FHA, and VA lending. A Grand Valley State University graduate and longtime West Michigan resident, he has strong roots in the communities he serves. Blanchard says LMCU's member-first culture made the decision an easy one. "There's a lot that goes into buying a home," he said. "For nearly 20 years, my job has been making sure the mortgage part is the easiest - and LMCU is exactly the kind of place that makes that possible."
Lake Michigan Credit Union hosts ribbon cutting for Downtown Detroit Branch. Detroit, MI May 13, 2026 - Lake Michigan Credit Union (LMCU) is proud to commemorate the recent opening of its Downtown Detroit Branch with a ribbon-cutting event to be held 3 - 5 p.m. on Wednesday, May 13, at the new branch, located at 2715 Woodward Ave, Suite A, Detroit, MI 48201. Serving as both a celebration of community and LMCU's continued commitment to meaningful growth in Southeast Michigan, the invitation-only event will bring together LMCU leadership and local officials, business owners, and community partners for an intimate milestone celebration. LMCU President and CEO Julie Leonard shared her enthusiasm for the occasion. "Opening on Woodward Avenue is a milestone we've worked toward with great intention," Leonard said. "Detroit has always set the standard for hard work, resilience, and community pride - and we're honored to be part of it. We're not just opening a branch here. We're making a long-term commitment to the people and communities along the Woodward corridor." LMCU Branch Market Leader Byron Sanders, who will lead the new Downtown Detroit Branch, echoed that commitment. "We may be new to the neighborhood, but we're already committed to it," Sanders said. "My team and I are here to make banking feel less like a transaction and more like a partnership. Becoming a member takes just minutes - but the relationship will last a lifetime." As part of its community commitment, LMCU will donate $10 to MCHS Family of Services for every new membership opened at the Downtown Detroit Branch through the end of June. MCHS is a Michigan nonprofit that has spent more than a century creating brighter futures for children, families, and older adults across the state, providing child welfare, housing, mental health, and community services. About Lake Michigan Credit Union. Lake Michigan Credit Union, established in 1933, is the largest credit union in Michigan and 13th largest in the country. Employing a staff of over 1,800 and serving more than 645,000 members, LMCU's assets exceed $15 billion, with over $17 billion in portfolio and serviced mortgages. LMCU has 75 convenient branch locations, including 23 across the Tampa Bay area and Southwest Florida. LMCU members have access to over 55,000 Allpoint ATMs worldwide. LMCU provides a full range of financial services, from high-interest-bearing checking accounts to personal loans, mortgages, business banking, investments, and insurance. To find out more, visit LMCU.org. Federally insured by NCUA. Equal Housing Lender. NMLS #442967 Media Contact: Christi Cowdin Chief Marketing Officer | Senior VP of Marketing (616) 242-9755 [email protected]
Lake Michigan Credit Union opens new Valrico branch. Lake Michigan Credit Union (LMCU) is excited to announce the grand opening of their new Valrico branch, located at 3467 Lithia Pinecrest Rd. As LMCU's 23nd branch in the Tampa Bay area and Southwest Florida, and 75th branch overall, the new Valrico location underscores the Grand Rapids-based credit union's continued commitment to growth across Central Florida. "We've seen tremendous growth in the Tampa Bay area, and the Valrico community is a natural next step for us," said LMCU President & CEO, Julie Leonard. "We're thrilled to bring our member-first approach to this growing area - and everything that comes with it, from great rates and products to local jobs and community involvement." LMCU Branch Market Leader for Valrico, Mary Boyd, shared her enthusiasm for serving the community. "Valrico is a wonderful community, and I couldn't be more excited to help our neighbors reach their financial goals - whether that's growing their savings, buying a home, or just finding a financial partner they can truly count on," Mary said. "At LMCU, we're not just opening a branch. We're making a commitment to this community."