NEW YORK, N.Y. (8/14/12)--Cat
hie Mahon has been named the new CEO of the National Federation of Community Development Credit Unions (CDCUs).
Mahon previously served as the deputy commissioner for financial empowerment with the New York City Department for Consumer Affairs.
During her tenure there, she established a network of Financial Empowerment Centers providing free one-on-one financial counseling to New Yorkers in need. She launched SAVE USA, an innovative asset building program. Her office connected thousands of New Yorkers to safe and affordable banking products, and helped to build a national movement of municipal financial empowerment with leaders throughout the country.
Mahon, who previously served as the policy and program director for the federation, will assume the role of CEO effective Oct. 1.
"Cathie is a very talented, committed professional who brings the experience needed to build on the solid foundation that we have built together at the federation" said Lynda Milton, federation board chair. "She brings with her excitement and commitment for the community development credit unions we serve, and has fresh ideas on how we can continue to build on the great history and accomplishments of this organization," Milton added.
"I have seen first-hand the benefits of connecting people to safe and affordable products and services from working with my previous organization," said Mahon. "Credit unions provide real alternatives to predatory lenders and fringe service providers. I look forward to working with the national federation to expand on the successes we have seen in communities across the country."
The federation is an organization dedicated to helping low- and moderate-income people and communities achieve financial independence through credit unions.