David T. Schaefer Elected
New Chairman of the Board of the ELFA

Gig Harbor, WA, October 25, 2017 – Orion First announced today that Founder and Chief Executive Officer David T. Schaefer has been sworn in as the 2018 Chairman of the Board of the Equipment Leasing and Finance Association (ELFA). The Chairman and the new Board members were recommended by ELFA’s Nominating Committee and approved by a vote of the general membership.

“As a long-time participant and contributor to the ELFA, I am honored and excited to take my turn as the Chairman of the Board and pilot the Association for 2018,” commented Schaefer. “I await the responsibility of guiding the Association and helping to prepare our sector of the financial industry for upcoming shifts like, securing the next generation of leasing/finance professionals, managing the increasingly volatile challenge of online data security, and continuing to promote informed financial regulatory legislation by educating lawmakers.”

With over 35 years of experience in commercial equipment finance industry, David has held numerous senior management roles for treasury, operation, information technology, accounting and portfolio management. David’s leadership position with Orion includes his direct participation in providing advisory services to banks, commercial equipment finance companies and equipment manufacturers regarding portfolio acquisitions, debt placement, loan/lease administration and portfolio management. Prior to establishing Orion he was president, CEO and a member of the Board of Directors of Financial Pacific Leasing Company. Dadve also founded Checkmate Certified Collections In 1975, a consumer and commercial collection agency.

David previously served on the ELFA Board of Directors and Executive Committee, and has also been the chairman of LeasePAC, the industry’s only federal political action committee. David served on the Board of Directors of the United Association of Equipment Lessors, now the Nation

al Equipment Finance Association. He chaired the Small Ticket Business Council of the ELFA in 1999 and 2000. He obtained his CLFP certification in 1996 making him one of the industry’s earliest Certified Leasing & Finance Professionals. David currently serves on the Gig Harbor YMCA Advisory Board and the Tacoma Pierce County Habitat for Humanity Finance Committee.

About ELFA

The Equipment Leasing and Finance Association (ELFA) is the trade association that represents companies in the $1 trillion equipment finance sector, which includes financial services companies and manufacturers engaged in financing capital goods. ELFA members are the driving force behind the growth in the commercial equipment finance market and contribute to capital formation in the U.S. and abroad. Its 580 members include independent and captive leasing and finance companies, banks, financial services corporations, broker/packagers and investment banks, as well as manufacturers and service providers. For more information, please visit www.elfaonline.org.