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Obama Names TELACU CEO to Key Treasury Department Board

President Barack Obama recently appointed David Lizarraga, President and CEO of TELACU, to the Community Development Advisory Board, a position under the U.S. Department of the Treasury.

“I am grateful that [this] impressive individual [has] chosen to dedicate [his] talent to serving the American people at this important time for our country. I look forward to working with [him] in the months and years ahead,” stated Obama.

The Community Development Advisory Board — comprised of 15 members including the Secretaries of the Departments of Agriculture, Commerce, Housing and Urban Development, Interior and Treasury and the Administrator of the Small Business Administration — advises Donna Grambell, Director of the Community Development Financial Institutions Fund (CDFI Fund), on policies regarding the activities of CDFI Funds.

David Lizarraga

CDFI funds promotes access to capital and local economic growth in urban and rural low-income communities across the nation, particularly important as many of those communities continue to look for ways to strengthen their economic outlook.

Lizarraga also serves as Chairman of the Board at Community Commerce Bank and is a member of the Minority Business Roundtable. He is the immediate past Chairman of the United States Hispanic Chamber of Commerce and has served on a number of other boards, including the Congressional Hispanic Caucus’ Corporate America Task Force, Wells Fargo’s Community Development Enterprise, and Bank of America’s National Community Advisory Council.

He is the recipient of numerous awards, including from the California Hispanic Chambers of Commerce, the U.S. Small Business Administration’s Minority Small Business Advocate of the Year Award, and the NAACP’s Thurgood Marshall Award.

Lizárraga received an honorary Doctorate of Humane Letters degree from the California State University at Los Angeles.