Member Business Financial Services (MBFS), the business lending CUSO formed in 2008 that now manages over $600 million in business loans and serves 45 credit unions nationwide, recently expanded its executive team by welcoming Ellen Thorn as Vice President of Loan Operations and Jeffrey Lyons as Chief Operating Officer.
Thorn has over fifteen years’ experience in commercial real estate finance and accounting. She recently held positions with Canopy Investment Advisors, LLC and Urdang Capital Management where she was responsible for various middle and back office functions including accounting, administration, investor servicing, investor reporting, client regulatory and tax reporting. Thorn holds a B.S. in Accounting from Gwynedd-Mercy University and an MBA in Finance from La Salle University. She is also a decorated veteran of the United States Air Force Reserves serving with the 709th Military Airlift Squadron, Dover AFB, DE. She was honorably discharged after fifteen years of service.
Lyons served as VP of member business lending for Financial Resources Federal Credit Union in Bridgewater, New Jersey for five years prior to joining Member Business Financial Services. During his tenure there, Financial Resources FCU was recognized as the number one SBA lending Credit Union in NJ from 2013-2017. Prior to that, Jeffrey was a Senior Portfolio Manager, SBA Lending Group for TD Bank. He also worked at C.I.T. Group as a Senior Relationship Manager and held roles of increasing responsibility in commercial lending at InterBay Funding, Bank of America, and National Community Bank in addition to successfully owning and operating a business in central New Jersey. Lyons graduated from Rutgers University in New Brunswick NJ with a bachelor’s Degree.
"I'm so pleased to expand our executive team with these two highly-knowledgeable and dedicated individuals," said Mark Ritter, CEO of MBFS. "The skills and experience that Jeffrey and Ellen bring to the table will help us meet the needs of our growing CUSO and assist even more credit unions with their business lending needs."
MBFS assists credit unions in funding business loans within their market. The CUSO provides loan servicing, portfolio management services, loan underwriting, coordination of loan participations, and preparation of loan documents. MBFS has grown to serve over 45 credit unions and services more than $600 million in business loans. Learn more at www.mbfs.org.
Jeffrey Lyons
Ellen Thorn