Doug Schaeffer is a financial executive with more than 30 years of experience managing critical business operations. Launching his career in 1984, he has served at every level of banking. Upon graduating from college, he worked for KPMG, GE Capital Mortgage, JPMorgan Chase, and Ally Financial. Schaeffer has held multiple positions, including: Chief Financial Officer, Chief of Staff, Strategy Executive, Deputy General Manager, Managing Director—Treasury, and Community Reinvestment Act (CRA) Executive. He has led the improvement of large community reinvestment programs resulting in regulator-approved CRA strategic plans; improved examination results; and, the transformation of programs into sustainable profit-oriented businesses.
Schaffer joined the executive leadership team at Woodforest National Bank in 2015 as EVP-CRA Director. He leads CRA efforts, including a team of 30+ CRA professionals. His role is centered on creating innovative strategies to increase the impact of Woodforest National Bank’s expansive CRA program, which covers 17 states and over 200 CRA assessment areas.
Schaeffer sits on the boards of CEI Capital Management and the National Association of Affordable Housing Lenders. He also serves on the Board of Trustees for Moorestown Theater Company, and volunteers his time supporting Strong Women Strong Girls and other charities. Schaeffer is a Rutgers University alumnus and a Beta Gamma Sigma graduate of Drexel University.
April 16, 2019
Industry News -
Under the new Farm Bill, farmers can receive up to $100,000 through multiple microloan programs that provide flexible access to credit for small, beginning, niche, and non-traditional farms.
April 10, 2019
Industry News -
CDFI Fund Releases Annual Report on Activities According to the report, CDFI program awardees reported more than $11 billion in lending and investment activity, which financed nearly 16,000 businesses in 2018.
April 2, 2019
Policy News -
SBA Administrator Linda McMahon has announced her resignation effective April 12th. In a statement issued on Friday, McMahon said she will be returning to the private sector.