The National Federation of Community Development Credit Unions Welcomes New CEO, Cathie Mahon
Bo McDonald, Marketing and Communications
(August 13, 2012 – New York, NY) – Cathie Mahon has been named the new CEO of the National Federation of Community Development Credit Unions (Federation), an organization dedicated to helping low and moderate-income people and communities achieve financial independence through credit unions.
“Cathie is a very talented, committed professional who brings the experience needed to build on the solid foundation that we have built together at the Federation” said Lynda Milton, board chair of the Federation. “She brings with her excitement and commitment for the community development credit unions we serve, and has fresh ideas on how we can continue to build on the great history and accomplishments of this organization.”
“I am thrilled to be taking on this leadership role with the National Federation” Mahon said. “I have seen first hand the benefits of connecting people to safe and affordable products and services from working with my previous organization. Credit unions provide real alternatives to predatory lenders and fringe service providers. I look forward to working with the National Federation to expand on the successes we have seen in communities across the country.”
Mahon previously served as the Deputy Commissioner for Financial Empowerment with the New York City Department for Consumer Affairs. During her tenure at DCA, Mahon established a network of Financial Empowerment Centers providing free one-on-one financial counseling to New Yorkers in need. She launched SAVE USA, an innovative asset building program. Her office connected thousands of New Yorkers to safe and affordable banking products, and helped to build a national movement of municipal financial empowerment with leaders throughout the country.
Mahon, who previously served as the Policy and Program Director for the Federation, will assume the role of CEO effective October 1, 2012.
About the Federation:
The National Federation of Community Development Credit Unions (Federation) is a certified CDFI Intermediary representing more than 235 community development credit unions (CDCUs). The Federation’s member CDCUs provide credit, savings, transaction services and financial education to more than 1.7 million residents of low-income urban, rural and reservation-based communities across the United States, and hold over $13 billion in community-controlled assets. Founded in 1974, the Federation is headquartered in Lower Manhattan with offices in Colorado Springs, CO; Madison, WI; and San Francisco, CA. The Federation offers a wide range of advocacy, educational, training, investment, marketing, and outreach programs to support and assist CDCUs. For more information about the Federation and its programs, please visit: www.cdcu.coop.
About the Clinton Global Initiative:
President Clinton established the Clinton Global Initiative America (CGI America) to address economic recovery in the United States. The CGI America meeting in Chicago June 7th and 8th, focused on collaborative solutions to economic recovery in the United States. To learn more about CGI America, go to: http://www.clintonglobalinitiative.org.