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Financial Crisis Keeping Rosenthal from Retiring

NEW YORK -- When the going gets tough, the tough don't retire. Cliff Rosenthal, longtime CEO of the National Federation of Community Development Credit Unions had signaled his intention to step down from that position in 2010, but the ongoing financial situation has led him to continue.

By David Morrison | Updated on October 24, 2008

NEW YORK — When the going gets tough, the tough don’t retire. Cliff Rosenthal, longtime CEO of the National Federation of Community Development Credit Unions had signaled his intention to step down from that position in 2010, but the ongoing financial situation has led him to continue.

“The federation’s board of directors discussed the economic upheaval we have undergone and looked to identify what the long-range impacts might be on the organization, and it became obvious to all of us that we are in uncharted waters,” Federation Chairman Eunice J. Rogers explained.

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