Albuquerque. The Loan Fund, a nonprofit alternative lender statewide to small businesses and other nonprofits, is pleased to announce its new Board of Directors Officers for 2014.
Herb Crosby, Ph.D. was elected Chairman. Dr. Crosby is the President and CEO of Avtec, Inc., an Albuquerque based management consulting and training firm.
Nicolas Nagy was elected Vice-Chairman. Prior to retiring in April 2012, Mr. Nagy was the Deputy Division Leader for Operations in the High Performance Computing (HPC) Division at Los Alamos National Laboratories
Chad Cooper was elected Treasurer. Mr. Cooper is a Financial Services Manager for Prudential in Albuquerque.
Russell Foddrill was reelected as Secretary. Mr. Foddrill is the President of First American Bank in Chaparral.
The other members of The Loan Fund’s Board of Directors are David Allen (New Mexico Bank and Trust), Ida Fierro (Town of Bernalillo), Mary Herrera (Heritage Hotels and Resorts), David Hicks (Rio Grande Credit Union), Justin Horwitz (Rodey Law Firm), Carlo Lucero (Sparkle Maintenance), Suzanne V. Mirabal (US Bank), Manny Ortiz (Manny Ortiz Tax and Management Services, Inc.), Theodore Pedro (American Indian Chamber of Commerce of New Mexico), Michael Rogholt (Wells Fargo),and Ryan Scott (Western Assurance). -30-
About The Loan Fund
The Loan Fund was founded in 1989 by the New Mexico Conference of Churches with a mission to help alleviate poverty. The Loan Fund is nonprofit certified Community Development Financial Institution (CDFI) that provides loans from $5,000 to $500,000 and consulting services to low-income and underserved small businesses, entrepreneurs, and nonprofits across the state. Since inception, The Loan Fund has made over $52 million in loans that have resulted in the creation or preservation of more than 7,300 jobs in New Mexico.