To help manage existing member business loans and develop new relationships, SELCO Member Business Services has a new addition to its team.
Mike Donaca is the division’s new vice president and business loan officer. He has more than 16 years of experience in the finance and banking industry, according to the $1 billion SELCO Community Credit Union in Eugene Ore. For the past ten years, Donaca has specialized in commercial lending.
Donaca will be available to help businesses in the Bend and Redmond region with their commercial real estate loans, construction loans, business lines of credit and term commercial loans, the credit union said.
SELCO Community CU recently spoke about having to turn away members because of its member business lending cap.