Direct Federal Credit Union Hires Well-Known Commercial Real Estate Lender Philip Converse

NEEDHAM, Mass., July 10, 2023 (Newswire.com) - Direct Federal Credit Union is thrilled to announce the hiring of industry-veteran Philip Converse as Vice President of Commercial Lending. In his new role, Philip will be responsible for growing the credit union's commercial loan portfolio and creating tailored, flexible solutions for commercial real estate owners and investors throughout Eastern Massachusetts.

With over 20 years of experience in commercial lending, Philip has a deep understanding of the commercial real estate landscape and a strong ability to build and nurture client relationships.

"We are excited to welcome Phil to our lending team," said Greg Ryan, Senior Vice President, Commercial Lending at Direct Federal Credit Union. "With his extensive experience and leadership skills, we are confident that he will play a pivotal role in accelerating our commercial lending efforts and expanding our commercial member portfolio." 

Direct Federal offers Commercial Real Estate loans for 1-4 family investment properties, 5+-unit residential investment properties and owner-occupied commercial real estate. In addition, Direct offers commercial vehicle loans, working capital lines, business credit cards, and SBA loans.

"I am excited to join the growing Commercial Lending Team at Direct Federal. The Credit Union's commitment to commercial lending, coupled with their digital-first philosophy and dedication to providing remarkable service to their members, will allow me to offer commercial real estate owners and investors personalized solutions that meet their individual needs. I look forward to introducing Direct to the commercial real estate community and proving to them why Direct is a great choice for them," said Phil Converse

About Direct Federal Credit Union: 

Direct Federal Credit Union is a leading, federally insured, financial institution committed to providing its members with a wide range of financial products and services. With a focus on community involvement and financial education, Direct Federal Credit Union has been serving Massachusetts residents for 70 years. Recently named one of the fastest-growing Credit Unions in Massachusetts, Direct Federal Credit Union offers great rates, easy access, and remarkable service. Named the "Gold Winner" for Best Credit by Banker & Tradesman, the progressive not-for-profit credit union provides an integrated array of loan and deposit products and services, all enhanced with the simplicity and convenience of the latest online and mobile technologies. Direct Federal Credit Union is located at 50 Cabot Street, Needham, MA. 

For more information, please call 888.2DIRECT or visit www.direct.com.

Source: Direct Federal Credit Union