Federation’s Community Development Investment Program Gets New Leader - National Federation of Community Development Credit Unions

(February 25, 2010 – New York, NY) Terri J. Fowlkes, former Director of the CDCU Mortgage Center, LLC, has rejoined the National Federation of Community Development Credit Unions (Federation) in an expanded role as Director of the Community Development Investment Program.

Terri J. Fowlkes, Federation Director of Community Development Investments

She succeeds Alice Greenwald, who departs the Federation after the successful completion of the Federation’s $25-million capital campaign, the largest in the organization’s history. “In her five-year tenure at the Federation, Alice achieved unprecedented success in raising socially responsible investment capital for credit unions that serve low-income communities," explained Federation President/CEO Clifford N. Rosenthal, "In addition, her extensive corporate experience helped us improve our internal processes as well as win increased national visibility.”

Ms. Fowlkes, similarly, brings far-reaching experience in the financial sector to the Federation. She is the founder and principal of TJF & Associates, LLC, a strategic planning and business development consulting firm. Previously, Ms. Fowlkes was Senior Vice President / Director of Strategic Markets at Citi, with responsibility for developing national strategies and initiatives to grow low-to-moderate income and ethnic minority business across Citi’s Consumer Lending Group business lines, which included real estate, auto and student loan lending. She has also served as Vice President and Residential Lending Manager at Carver Federal Savings Bank, the nation’s largest minority thrift; and as Marketing and Subordinated Debt Manager for the New York Community Investment Company LLC (“NYCIC”), a small private venture capital fund.

“We are doubly fortunate in this transition,” added Rosenthal. “Terri was the first Director of our CDCU Mortgage Center, LLC, which she will now oversee as part of her new duties. Alice has generously agreed to serve on the Federation’s Community Development Investment Advisory Committee, a volunteer, arm’s-length group that advises on the Federation’s investments in CDCUs.”

Along with her work in finance, Ms. Fowlkes has extensive experience teaching Mortgage and Real Estate Finance and Money and Banking classes, currently as an Adjunct Professor at Seton Hall University in South Orange, NJ and previously at York College in Jamaica, NY.

Ms. Fowlkes holds both a Bachelor of Science Degree and a Master’s in Business Administration from New York University’s Stern School of Business, and professional memberships with the National Black MBA Association, the Urban Financial Services Network, and the African-American Real Estate Professionals of New York. She has also served on the Board of Project Enterprise, a microloan fund which supports entrepreneurship among some of New York's most underserved residents. Her work has been honored by The Network Journal’s “40 Under Forty Achievement Award.”