SELCO Community Credit Union promotes two from within to expanded lending leadership roles
Longtime leaders will help guide lending strategy, credit oversight, and organizational planning
(SPRINGFIELD, Ore.) — SELCO Community
Credit Union recently promoted two longtime leaders to expanded roles
overseeing the credit union’s lending and credit divisions. Mike Donaca has
been promoted to Chief Commercial Lending Officer, while Michael Sauley has
been promoted to Chief Consumer Lending Officer.
In their new roles, Donaca and Sauley will join SELCO’s senior management team, reporting directly to SELCO President and CEO Bob Newcomb, actively working with SELCO’s board, and partnering on organizational strategic planning and execution.
Donaca has been a key leader for SELCO
since joining the credit union in April 2012, leading the credit union’s
Commercial & Business Banking division since 2014. With more than 25 years
of experience in commercial lending and banking leadership, he has focused on
quality growth, sound credit practices, and developing long-term relationships
with businesses across SELCO’s markets.
Donaca holds a bachelor’s degree in business administration from Oregon State University and is a graduate of the Western School of Commercial Lending.
“Mike’s leadership and deep understanding of commercial lending have been critical in supporting the businesses and entrepreneurs who drive our regional economy,” Newcomb said. “His expanded role will help ensure SELCO continues to grow responsibly while enhancing our commercial lending programs.”
Meanwhile, in Sauley’s new role as Chief Consumer Lending Officer, he will continue overseeing SELCO’s consumer lending and mortgage operations while helping guide credit strategy and risk management across the organization. Sauley’s role has steadily expanded since joining SELCO in 2013 as Vice President of Consumer Lending. He began providing leadership for SELCO Mortgage in 2014, and in 2021 was promoted to Vice President of Consumer Lending and Senior Consumer Credit Officer.
Sauley graduated from Central Washington University with bachelor’s degrees in economics, accounting, and business administration and management. He has worked in the financial services industry since 1991.
“Michael’s decades of experience and community focus have strengthened our consumer lending programs and the services we provide every day,” Newcomb said. “His leadership will continue to play a vital role as SELCO evolves to meet the changing financial needs of our members.”
Together, Donaca and Sauley will lead SELCO’s lending strategy while ensuring the credit union maintains the strong credit standards and member-first approach that have long defined the organization.
For more information about SELCO Community Credit Union, visit www.selco.org.
About
SELCO Community Credit Union:
Founded in
1936 by a group of fiscally minded teachers, Springfield-based SELCO Community
Credit Union today serves more than 150,000 members as one of the largest and
longest-standing Oregon-based credit unions. A not-for-profit, federally
insured, member-driven financial cooperative with more than $2.8 billion in
assets, SELCO provides exceptional rates and low fees on a full range of
financial products and services, including banking, mortgages, personal and
business loans, investments, and insurance. Membership is available to anyone
who lives or works in one of the 27 Oregon or eight Washington counties SELCO
serves. For more information or to become a member today, stop by one of
SELCO’s 15 branches, visit selco.org, or call 800-445-4483.