(February 23, 2012 - New York, NY) With over $55 million in assets under management, the Federation’s Community Development Investments Program is among the largest credit union movement funds supporting the growth and expansion of community development credit unions (CDCUs) and other credit unions looking to serve low- and moderate-income populations more effectively. In order to manage its growing portfolio of investments, the Federation has hired Lloyd Doaman as its new Portfolio Officer, promoted Onika Lewis to Assistant to the Director, and brought in Carol James as Program Associate.

Lloyd Doaman

Terri J. Fowlkes, Director of the Federation’s Community Development Investment Program, is proud of the team she’s built. “We are very excited to have our team at full strength,” explained Fowlkes, “As our investment program has grown, the amount of time required to manage those investments has also increased. The addition of Lloyd’s extensive finance and nonprofit experience, combined with the realignment of Onika’s duties and additional support from Carol, will help us continue the program’s steady growth, benefiting CDCUs nationwide. The skills they bring are a boon to the Federation and to the CDCUs who participate in our investment program.”

The most recent addition to the Community Development Investments Program team is Lloyd Doaman, joining in January 2012 as Portfolio Officer. In that role, Doaman will have primary responsibility for managing the Federation’s portfolio of secondary capital investments and risk-shared deposits. He is also charged with conducting research on performance of these products and handling all investor compliance.

Doaman began his career at JP Morgan in a three year analyst program and was later promoted to Associate and Vice President working as a Portfolio Manager and trader on the Investment Grade Corporate Team. He has seven years experience working in fixed income at JPMorgan Asset Management and worked as one of five Portfolio Managers responsible for managing $15 billion in assets, representing $20-25 billion in annual trading volume.

Prior to joining the Federation, Doaman spent over two years as Director of Operations and Administration at the First Baptist Church of Lincoln Gardens in Somerset, NJ, overseeing a $20 million facility, $350,000 operating budget, 7 staff members, and over 50 ministries.

Onika Lewis

He brings additional non-profit experience to the Federation having worked as a Program Coordinator at Sponsors for Educational Opportunity (SEO), a non-profit organization that provides educational and career programs for young people from underserved communities to maximize their opportunities for college and career success. He was Co-Founder of TCYK, a small private equity investment corporation dedicated to making strategic investments in small businesses and real estate, and Co-Founder and Treasurer of Fluent Foundation, Inc., a non-profit dedicated to helping young professionals succeed in corporate America.

Doaman also served as Associate Board Member of the Renaissance Community Development Credit Union (Somerset, NJ), volunteers his time conducting quarterly financial planning workshops at his church and mentors students at Seton Hall University and at SEO. He holds a Bachelor of Science Degree in Finance from Seton Hall University, graduating magna cum laude.

Onika Lewis first joined the Federation in 2005 as a part of its college intern program, while completing her Bachelors of Science Degree in Business Marketing at St. John’s University. Upon graduation, Lewis joined the Federation on a part-time basis as Program Assistant for the CDCU Mortgage Center, LLC. In 2009, she became a full-time employee as Program Associate for the Community Development Investment Program and the CDCU Mortgage Center, LLC.

In her new capacity as Assistant to the Director, Lewis will oversee CDCU Mortgage Center, LLC investments as well as the Federation’s Nominee Deposits in CDCUs. Lewis is also charged with database management, mortgage training and program marketing. In addition to her Federation experience, Lewis has received training as a Marketing Research Consultant. Lewis is currently pursuing a graduate degree in Urban Affairs from City University of New York, Hunter College.

Carol James

Carol James joined the Community Development Investment Program late in 2011 as Program Associate, tasked with providing program support, including primary responsibilities for CDCU reporting and due diligence; CDCU Mortgage Center, LLC tax and insurance compliance; and other special projects. James brings years of professional experience as a research librarian, a pharmaceutical sales representative, as Executive Director for a catering facility, Director of a center for people with disabilities, and Director for an ex-offender’s community program. James has also owned businesses in the food, retail, real estate and travel industries.

James’ credit union experience includes volunteer service as Chairman of the Board of the Hoffman LaRoche Credit Union, now known as Proponent Credit Union (Nutley, NJ). She has received professional performance awards for working with people with disabilities and for her general dedication to advocacy and education. She holds a Bachelor of Science Degree in Business Administration from Farleigh Dickerson University, as well as an Executive Administration Certificate and Associates Degree from Berkley College and Nyack College, respectively.

© 2012 National Federation of Community Development Credit Unions.