LAFCU appoints Michael Shupe as chief lending officer
Grand Rapids native comes to LAFCU from National Credit Union Administration
LANSING, MI (March 14, 2017) — LAFCU has announced the appointment of Michael ‘Mic’ Shupe as chief lending officer.
In this position, Shupe serves as principal advisor to the CEO, CFO and board of directors concerning lending strategies and risk management.
“Mic is an outstanding addition to our leadership team,” said LAFCU CEO Patrick Spyke. “He has concentrated his career on working for the betterment of the credit union industry. We welcome his knowledge and expertise as we continue to grow and improve services for LAFCU members.”
Among Shupe’s many duties are collaborating on setting guidelines and policy related to loans and lending; maximizing portfolio growth; developing and implementing new lending services and products; and participating at the executive level to promote LAFCU and to develop new business.
“I am especially focused on developing services and loan products to benefit LAFCU members and to position LAFCU as our members’ credit union for life,” Shupe said.
He was most recently a regional capital markets specialist for the National Credit Union Administration (NCUA) where he was responsible for managing training, assessing and reducing risk exposure and collaborating with senior management on critical cases and issues.
Shupe joined the NCUA in 2009 as a credit union examiner, a position in which he provided a variety of services, including exams for large and complex credit unions and developing recommendations and corrective actions to reduce risk and improve services. He was a 2012 nominee for NCUA Examiner of the Year.
He has also worked at Lake Michigan Credit Union in Grand Rapids.
A graduate of Grand Valley State University, Grand Rapids, Shupe holds a bachelor’s degree in accounting. He also earned an associate degree in fine arts from Grand Rapids Community College. He has held certification as an alpine patroller through the National Ski Patrol since 2012.
LAFCU Chief Lending Officer Michael ‘Mic’ Shupe.
About LAFCU (MI)
Chartered in 1936, LAFCU is a not-for-profit financial cooperative open for membership to anyone who lives, works, worships or attends school in Michigan and to businesses and other entities located in Michigan. The credit union serves 74,000 members and holds over $986 million in assets. It was named a Best Credit Union to Work For in 2020. LAFCU offers a comprehensive range of financial products and services as well as an expanding complement of financial technology solutions. Members enjoy benefits such as low fees, low interest rates on loans, high yields on savings, discounts, knowledgeable employees and nationwide access to fee-free ATMs. A recipient of the national Dora Maxwell Social Responsibility Community Service Award for credit unions, LAFCU enriches the communities it serves by supporting many organizations and causes. To learn more about LAFCU, call 800.748.0228 or visit www.lafcu.com.
