DRAPER, Utah–Following a national search, Member Business Lending has named Shane Knighton as its new CEO, replacing interim CEO Gordon Dames, who is retiring.
“Shane brings a unique set of talents, which pairs marketing and business lending experience. He has seen the process from both sides, and we believe that, along with his managerial skills, will help drive MBL into the future,” said Joe Schroeder, chair of MBL’s board and CEO of Ventura County Credit Union.
According to the company, Knighton played a significant role in growing MBL’s client base during his first sojourn with the company from 2005 to 2014. During his tenure, MBL’s client base grew from three credit union clients to 50. Today the company said it provides services to 62 credit unions in 18 states.
Knighton left MBL in 2014 to serve as VP-Business Services for Western Federal Credit Union (now Unify Financial Credit Union), where he led the newly formed business services team to over $42 million in annual loan production in its first year.
Knighton later joined Kinecta Federal Credit Union in May 2015 as VP of Business Services & Operations and shortly afterwards was selected to serve as FVP of Business Services. Under his leadership, Kinecta’s business services team grew its commercial loan portfolio from $400 million to nearly $1 billion, making it one of the largest credit union commercial loan portfolios in the nation, the company said.
Altogether, Mr. Knighton has more than 17 years of commercial lending experience. His areas of expertise include commercial real estate, commercial and industrial, and Small Business Administration 7(a) and 504 loan programs, encompassing all aspects of commercial lending from origination to liquidation, MBL said.
“Shane’s return comes at a pivotal time for MBA,” said Dames. “Although, we have seen tremendous growth over the past four years, with our serviced portfolio surpassing three-quarters of a billion dollars, and experiencing an average growth rate exceeding 35%, MBL has only just begun to scratch the surface of its potential. Shane’s vision for the future, paired with his passion for technology is exactly what MBL needs at this time.”
“As we say hello to a new CEO it’s time also to honor the founder of MBL as he retires from the interim CEO position. Gordon Dames was the visionary leader who started MBL and is responsible for much of its growth over the years,” added Schroeder. “Gordon has been instrumental in sustaining MBL during this critical growth period, and championed the recently announced partnership with CU Direct, the nation’s leading developer of lending software technology to the credit union industry. His contribution to MBL and the credit unions it serves will forever be a shining example of his passion for the credit union industry.”
For info: http://www.mblllc.com