Dover Federal’s Schaefer named Chief Lending Officer


Staff Report

With an impressive leadership style that has garnered exceptional results, Lynne Schaefer has quickly climbed the Executive ladder at Dover Federal Credit Union, being most recently named Chief Lending Officer.  Prior to this notable promotion, Lynne previously served as the Vice President of Business Services before transitioning to the Dover Federal’s Chief Commercial Officer, where she developed a robust Business Services Division, while also redeveloping the Collections department, known as Member Solutions.  As the organization’s needs have progressed, Ms. Schaefer’s lending expertise has most recently earned her the title of Chief Lending Officer, where she is responsible for the strategic oversight of all lending functions. A fitting compliment to the impact that Lynne has on the business community is evident in being named one of Delaware Todays 2017 Women is Business.

Mrs. Schaefer brings over 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.

Mrs. Schaefer, received her designation of Certified Chief Executive (CCE) from the Credit Union Executive Society (CUES) CEO Institute.  She is a graduate of Salisbury University, where she received a Bachelor’s degree in Communications. To Lynne, being a leader is not just a title but a representation of your work ethic and reflection of your commitment to do what you love.  “When you can set expectations and reward success, it’s reassuring as a leader that you are creating a positive influence on the success of others.  I love to see people succeed and if we can promote them internally, I believe that is a true investment for us as an employer and our employee”. In addition to her diverse banking career, she is also active in the community, and can be found participating and donating her time at numerous fundraising events. Lynne has served as a 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. Her dedication to serve our local community and local businesses make her an invaluable asset to Dover Federal Credit Union.

Dover Federal Credit Union is the largest credit union in the state of Delaware, with a membership of over 48,000. Dover Federal has offices in Smyrna, New Castle, Middletown, Milford, and Dover, including one at Dover Air Force Base. To experience the Dover Federal Credit Union family, visit

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