WASHINGTON – The U.S. Department of the Treasury has named a new director for the Community Development Financial Institutions Fund. The CDFI Fund is a significant source of grants and other support for community development credit unions. The new director is Arthur Garcia, a former Administrator of the Rural Housing Service (RHS) at the U.S. Department of Agriculture since April 2002 and a former banker. Garcia was a Lender Manager with Sunwest Bank, and he also served as Vice President of retail banking at First State Bank in New Mexico. Mr. Garcia has served as President of the Hispanic Bankers Association. Prior to coming to Washington, D.C., Garcia served on the faculty of both Webster University and the University of Phoenix and the College of Santa Fe.

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