Lynne Schaefer was named chief lending officer at Dover Federal Credit Union.

Prior to this promotion, Schaefer previously served as the vice president of business services before transitioning to the credit union’s chief commercial officer, where she developed a business services division while redeveloping the collections department, known as Member Solutions.

As the organization’s needs have progressed, Schaefer's lending expertise recently earned her the title of chief lending officer, where she is responsible for the strategic oversight of all lending functions.

Schaefer brings more than 20 years of diverse banking experience to her position. Her areas of expertise include commercial lending, business development, regulatory compliance, training and development, performance consulting and investing.

Schaefer received her designation of certified chief executive from the Credit Union Executive Society CEO Institute. She is a graduate of Salisbury University, where she received a bachelor's degree in communications.

Schaefer is also active in the community and can be found participating and donating her time at fundraising events. Schaefer has served as an honorary commander with the Dover Air Force Base while also being a committee member for the Greater Dover Committee. In addition, she is currently a board member of the Downtown Dover Rotary Club along with the Central Delaware Chamber of Commerce as vice chair of military affairs.

For more, visit doverfcu.com.