President and CEO of DFCU Financial in Dearborn, which he joined in July 2000. Under his leadership, the $2.4 billion credit union has grown more than 109 percent in assets and 159 percent in net income. DFCU Financial is one of the nation’s most efficiently operated credit unions, despite being in one of the most economically distressed markets. Its financial performance for 2008 places it first in the nation for return on assets and second for return on equity among peer credit unions. This performance has allowed the distribution of a special patronage dividend to members each year in excess of $17 million – the largest special dividend in the history of the credit union industry. More than $50 million in such dividends have been distributed since 2006. In addition, a recent merger with CapCom credit union provides DFCU Financial with geographic diversification into the Lansing and Grand Rapids areas. Shobe developed DFCU Financial’s landmark Career Transition Program, which provides $10 million in educational assistance to DFCU Financial members. DFCU Financial has been named by the Michigan Business and Professional Association as one of Metropolitan Detroit’s 101 Best & Brightest Companies to work for for five years running, and an Economic Bright Spot and Best of Michigan Business by Corp!
magazine. It was also named to the Detroit Free Press’
list of Top Workplaces for 2008. Previously, Shobe spent 14 years with Comerica Inc. in a variety of senior management positions. He then was appointed president of First of Michigan, the state’s largest independent brokerage firm. Prior to joining DFCU Financial, he was president and COO of Sterling Bank and Trust, a $1 billion asset bank in Southfield. Shobe’s leadership also includes serving as vice chairman of the board of Greenpath, Inc.; managing partner in Members Gateway; and member of the American and Michigan Institutes of Certified Public Accountants. A graduate of Central Michigan University and the University of Michigan Executive School of Banking, Shobe is a CPA and a NASD-registered representative, Series 7, 63, and 24.