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Federation Fellows Training To Aid CDCUs
NEW YORK (8/28/13)--
Click to view larger image Participants in the National Federation of Community Develop Credit Unions' Cooperative Finance Leaders of America pilot training included: From left, front row:  Hudson Presume, Manatee Community FCU; Preeya Saikia, Fidelis FCU; Rachel Barker, Holy Rosary CU; Phelicity Thompson, Northwest Baptist FCU; Lila Phimmasone, Genesee Co-op FCU; Monique Dunbar, Credit Union of Atlanta; Eileen Auld, Citi Community Development; and Pamela Owens of the federation.  Back row: Greg Schiefelbein, City Community Development; Ash Extanus, ERDA FCU;  Lauren Hudson, Bethex FCU; Josh Mendonca, Appalachian Community FCU; Jason Change of the federation; Ashish Verma, Cooperative FCU; and Alex Bibb, Marisol FCU. (Photo provided by the National Federation of Community Development Credit Unions)
The National Federation of Community Development Credit Unions kicked off its Cooperative Finance Leaders of America (CFLA) pilot this month, with 11 fellows visiting the federation's New York City headquarters for a week of training.
 
CFLA is an initiative to recruit, train and support new and emerging professionals to be placed in leadership positions in credit unions that provide credit and safe banking services to low- and moderate-income communities.
 
The fellows are placed with federation member credit unions to promote and grow the future leaders of the credit union movement, said the federation (CDCU News Briefs August). A major focus for many in the group will be to expand community outreach to attract more and younger members.
 
Pamela Owens, vice president of programs at the federation, designed the curriculum, working with Kevin McQueen and Charles Allison, professors at the New School's Milano School of Public Policy and the Community Development Finance Lab.
 
Training topics included risk management and internal controls to loan origination and underwriting, marketing and branding.
 
"The fellows spent a week immersed in every aspect of managing and growing a credit union and learning about the financial needs and pressures of low-income individuals," said Owens.

"The goal of CFLA is to develop leaders who will go on to create community finance solutions that are relevant to all members of the community, including young members. This is vital to the continued growth of the credit union movement, because awareness of credit unions among Millennials is so low," she said.
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