The previously unnamed federal agency that will gain the services of Clifford Rosenthal, CEO of the National Federation of Community Development Credit Unions is the Consumer Financial Protection Bureau, according to an agency spokesman.
Rosenthal, a long-time organizer and champion of community development credit unions announced on March 2 to National Federation member credit unions that he will begin working for an unnamed federal agency on May 7.
“If I may borrow a phrase from the Peace Corps, this is the toughest job I've ever loved,” Rosenthal wrote. “Leaving is not easy – I've spent half my adult life here (you can check my social security card!). But the Federation is strong, stable, and sustainable. Our board and staff are incredibly dedicated and experienced.”
CUNA CEO Bill Cheney called Rosenthal “the colossus of community development credit unions,” adding, “[f]or 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. 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.”