Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
Federations Rosenthal to leave for federal post
NEW YORK, N.Y. (3/5/12)--Longtime CEO of the National Federation of Community Development Credit Unions Cliff Rosenthal announced late Friday that after 32 years with the federation he will leave May 4 to take a job with the federal government May 7.

Although not naming his new post, Rosenthal said the government position will allow him to "pursue the mission that has guided me throughout my career: providing financial access and a route to economic self-sufficiency for low-income people."

Upon hearing the announcement, Credit Union National Association President/CEO Bill Cheney called Rosenthal the "the colossus of community development credit unions."

"For more than 30 years, he has devoted his professional life to the growth of these institutions, and has earned accolades for both the National Federation and the credit unions themselves," Cheney said, adding, "Although we will miss his dedication, enthusiasm, and intellect, we wish him success in this next chapter of his career, and look forward to working with him."

Rosenthal said the federation has come a long way since the 1980s, when its very future was in question. Now, he said, the federation is proud to count more than 200 credit unions in its membership, with total assets of some $13 billion and membership of 1.7 million.

"I can tell you that reaching these heights was beyond our wildest dreams back in the 1980s," he added.

Rosenthal said leaving the federation is personally difficult, but added the organization is "strong, stable, and sustainable."

"If I may borrow a phrase from the Peace Corps, this is the toughest job I've ever loved," he said.


RSS





print
News Now LiveWire
.@NACHAOnline report: ACH volume increases to 23B payments in 2014 http://t.co/va2WYMh4Zv
1 day ago
.@CUNA's @HampelBill in @washingtonpost on options for wary mortgage borrowers: http://t.co/CPSgTNgwmm
1 day ago
Housing starts thaw, mortgage rates stand pat #Market #NewsNow http://t.co/hhPj5v5AH3
1 day ago
.@CUNA files #RBC2 comment, urges #CU system to be heard #NewsNow http://t.co/yfoZHAMlZc
1 day ago
#NewsNow Youth Month attracts 100,000th member for Mich. CU http://t.co/cgF5o83XlK
1 day ago