Under the leadership of a new chief executive, the National Federation of Community Development Credit Unions has set its sights on helping the n early 700 credit unions that have accepted the NCUA's offer for a low-income designation take advantage of their new status.
“We expect to be able to explain to them both the value and opportunities found in working with lower income members and with the low-income credit union designation,” said Cathie Mahon, the National Federation's newly hired CEO.
Mahon takes the position of former federation CEO Clifford Rosenthal who left in May to take a position with the Consumer Financial Protection Bureau.
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