First Source Federal Credit Union · 6 hours ago
Commercial Loan Officer I
New Hartford, NY, US
Full-time
Onsite
Mid Level
$52K/yr - $88K/yr
3+ years expFirst Source Federal Credit Union is seeking a Commercial Loan Officer I to introduce business products and services to the community. The role involves originating business loans, conducting financial analyses, and collaborating with various teams to ensure excellent member service and compliance with regulations.
BankingCredit CardsFinancial Services
Responsibilities
Champion the Business Services program and raise awareness among members and the community
Deliver exceptional member experience through competency in knowledge and skills
Originate business loans by interviewing potential members, completing applications, gathering financial documentation, and conducting thorough financial analysis for underwriting
Present credit requests to the Committee for decision-making
Support annual reviews, line renewals, and due diligence by analyzing financial statements, reconciling discrepancies, and understanding market data, ratios, and tax returns
Assess risk to protect the credit union’s assets
Collaborate with Business Service Team and serve as a contact point for applicants to ensure consistent and accurate member service
Maintain knowledge of lending policies, procedures, loan systems, and relevant software
Mentor Member Service Managers and staff to generate qualified business referrals and support training
Engage with the business community through committees, events, and appointments
Attend loan closings as a representative of the credit union and CUSO
Stay updated on applicable regulations and alternative financing methods like SBA and USDA lending
Identify cross-selling opportunities by assessing member needs
Achieve individual and team goals to support the credit union’s objectives
Provide financial counseling to members as needed
Foster long-term member relationships based on Member Value culture and Universal Behaviors
Ensure compliance with federally regulated disclosure requirements
Complete required compliance training
Register under SAFE Act Guidelines and attend appropriate training sessions
Travel as required and perform other duties as assigned
Qualification
Required
3-5 years business lending experience or financial sales and service experience
Related Business Degree desired
Knowledge of on applicable regulations as well as alternative financing methods such as SBA lending
Knowledge of current market for business lending opportunities
Excellent oral, written, and auditory communication skills, as well as interpersonal interaction skills
Strong attention to detail
Ability to work flexible hours including evenings and/or Saturdays
Able to research and evaluate data to make informed decisions and solve problems
Strong mathematical and analytical skills
Company
First Source Federal Credit Union
First Source Federal Credit Union is a full-service financial institution, serving our Members and neighbors since 1938.
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
Tom Neumann
President / Chief Executive Officer
Recent News
TechBuzz News
2025-10-23
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