Tampa, FL (January 16, 2025) – Lake Michigan Credit Union (“LMCU”) is proud to announce Ruben Alfaras’s promotion to Senior Vice President SBA Director.

Starting at LMCU in 2022 as an SBA Senior Lender, Alfaras will now lead LMCU’s SBA lending division, overseeing the credit union’s growing efforts to connect small businesses with loan solutions across their Central Florida market. Alfaras and the rest of LMCU’s SBA team continue to drive success in this sector, with LMCU being named the SBA’s 2024 Export Lender of the Year.

LMCU's Commercial Lending Executive for Central Florida, Courtenay Marshall, was excited to share the news of Alfaras’s promotion.

“Ruben is an experienced and passionate lender whose leadership, commitment to excellence, and dedication to our mission make him the ideal person to guide our SBA program into the future,” Marshall said. “Ruben will be instrumental in growing and enhancing our SBA lending initiatives, further positioning LMCU as a leader in this space.”

Alfaras, meanwhile, is looking forward to this opportunity to expand LMCU’s focus on small businesses.

“As a community-focused credit union, we at LMCU know that when small businesses succeed, the whole community thrives,” Alfaras said. “By evolving our capacity to offer flexible loan options for businesses at all growth stages, we can help boost them to the next level, whether that means purchasing new inventory, building new facilities, or expanding into new markets. Which means more money coming right back into the community.”

About Lake Michigan Credit Union

Lake Michigan Credit Union, established in 1933, is the largest credit union in Michigan and 14^th largest in the country. Employing a staff of over 1,650 and serving more than 600,000 members, LMCU's assets exceed $13 billion, with over $16 billion in portfolio and serviced mortgages. LMCU has 71 convenient branch locations, including 21 across the Tampa Bay area and Southwest Florida. LMCU members have access to over 55,000 Allpoint ATMs worldwide. LMCU provides a full range of financial services, from high interest-bearing checking accounts to personal loans, mortgages, business banking, investments, and insurance.

To find out more, visit LMCU.org. Federally insured by NCUA. Equal Housing Lender. NMLS #442967.