March 7, 2012

Dear Members and Friends:

It can now be told: after leaving the Federation on May 4, I will be assuming the position of Assistant Director of the Consumer Financial Protection Bureau in Washington, DC, leading the Office of Financial Empowerment.

I am enormously excited about this new opportunity, which will enable me to work on developing and implementing financial services and products for traditionally underserved communities and consumers - the kind of work that I and the Federation have been pursuing for more than 30 years.

Like you, I am a passionate believer in the historic mission of credit unions to serve low-income people. While I won't be working at the Federation, I am hopeful that my new position will enable me to continue to work closely with the credit union world.

Please watch your mail for our upcoming announcements about the Federation's annual conference in Atlanta. I hope to see you there!

In cooperation,

Cliff Rosenthal

© 2012 National Federation of Community Development Credit Unions.