Deborah McKetty named to Federal Reserve Bank Community Investment Council
February 8, 2016
Deborah McKetty, the executive director of CommunityWorks, was recently named to the Community Investment Council of the Federal Reserve Bank of Richmond. McKetty was selected based on her expertise and thought leadership in matters affecting low- and moderate-income communities.
This twelve member council is comprised of leaders dedicated to community development issues in the Federal Reserve Bank of Richmond’s five-state district (Maryland, Washington, D.C., Virginia, West Virginia, North Carolina and South Carolina.)
“I am honored to be selected to serve on the Community Investment Council,” said McKetty. “This is a tremendous opportunity to hear updates on local and regional economic issues as well as regulatory and policy updates. I am excited to be able to learn from the other individuals on the council, as well as share the news and conditions from here in South Carolina.”
McKetty is a native of Greenville and received her Master’s in Urban Planning from Texas Southern University. She has served in several positions of corporate and community affairs and community economic development at national banks including the Chase Manhattan Bank and Wells Fargo. In 2005, local community stakeholders engaged McKetty to conduct a study determining strategies to help further local affordable housing efforts. This study resulted in the development of CommunityWorks which now has an expanded mission to support financial stability for underserved households.
As CEO, McKetty has transformed CommunityWorks into a high-performing non-profit financial organization and certified Community Development Financial Institution (CDFI). In just 8 years of operation, CommunityWorks has become one of South Carolina’s leaders in microfinance and works diligently to transition unbanked or underbanked families and small businesses to the financial mainstream. CommunityWorks has helped over 2,000 households and small businesses and generated more than $125 million in local economic impact.
To learn more about CommunityWorks, visit their website http://communityworkscarolina.org/.
ABOUT COMMUNITY WORKS
CommunityWorks was established in 2008 as a partnership between the City of Greenville, the United Way of Greenville County and Greenville County Redevelopment Authority. This group worked together to support affordable housing and community development as a critical vehicle for fostering stable families and healthy communities. Since that time, CommunityWorks has transformed into a non-profit financial organization and certified Community Development Financial Institution (CDFI) that is committed to empowering people to become financially stable through financial education, lending and investing.
