Kathleen Luzik of National Cooperative Bank Appointed to Board of Trustees of Global Communities

Kathleen Luzik Silver Spring, Maryland – Global Communities today announced the appointment of Kathleen Luzik, Chief Operating Officer of National Cooperative Bank (NCB) to its Board of Trustees. Luzik also serves as an Executive Vice President of NCB, is a member of NCB’s Executive Council and chairs NCB’s Operational Risk Management Committee.

“Global Communities was created in 1952 as the Foundation for Cooperative Housing, and for much of our existence, cooperatives have been one of our primary areas of focus,” said David A. Weiss, President and CEO of Global Communities. “Today we empower local communities through cooperative-based programs in such places as Kenya, Rwanda, Uganda and Mongolia. We are excited to welcome Kathleen Luzik to the Board, with her active role in the cooperative movement that is so important to our organization’s history and future.”

“I am pleased to welcome Ms. Luzik as the newest member of the Global Communities Board of Trustees,” said Robert A. Mosbacher, Jr., Chairman of the Global Communities Board of Trustees. “Her extensive experience working on financial services and cooperatives will prove invaluable as we continue to engage communities in business-enabling environments, from rural cooperatives in Africa to the commercial banking sector in the Middle East.”

In her current position, Ms. Luzik is responsible for the operational activities of National Cooperative Bank, including oversight of Loan Servicing totaling over $7 billion in cooperative, commercial real estate, commercial and single family loans. Ms. Luzik also oversees the Retail Banking Operations as well as the Deposit Operations Team managing $1.9 billion in deposit and cash management products.  She manages the bank’s relationships with the rating agencies and ensures servicing compliance with regulatory agencies.

Ms. Luzik, who began working with NCB in 1991, has held various positions including real estate underwriter and business development officer, vice president of secondary marketing, and managing director of real estate lending services. Prior to working at NCB, Ms. Luzik was a financial analyst for the Patrician Financial Company (succeeded by Deutsche Bank/Berkshire Mortgage Finance/Berkeley Point), where she was responsible for the underwriting analysis of multi-family rental housing financed through FHA, Fannie Mae and Freddie Mac multifamily loan programs She is a member of the Commercial Real Estate Finance Council, the Mortgage Bankers Association, and the National Association of Housing Cooperatives.