Longtime community development finance professional will cultivate new strategic partnerships, work to create systemic change.
MINNEAPOLIS – Jan. 30, 2020 – Community Reinvestment Fund, USA (CRF) – a mission-driven non-profit lender dedicated to improving communities and transforming lives – has hired Marcq Sung to be its director of program strategy and development.
Sung brings nearly 15 years of experience in economic development, finance, nonprofit administration, and fundraising to his new role at CRF. He will be responsible for leading new initiatives and developing programs related to growing small businesses and strengthening small business ecosystems.
“CRF has been at the forefront in its pursuit of new financial strategies to aid community development, and I am proud to be a part of the organization’s creative initiatives,” said Sung. “With my background in both financial management and economic development, I know we can cultivate more strategic partnerships to continue CRF’s transformational work of bringing capital to communities and fomenting systemic change.”
Prior to joining CRF, Sung served as director of business development for the City of Saint Paul, where he analyzed and identified growth opportunities for city businesses and developed job creation strategies. He has also worked as a financial adviser for RBC Wealth Management and as an analyst for Three Rivers Park District.
“Marcq has a demonstrated ability to think critically and strategically about programs and partnerships that can best support our community impact goals,” said Keith Rachey, chief impact officer of CRF. “As we continue on our growth-oriented path, Marcq will undoubtedly help CRF fulfill its mission by launching new, impactful programs and cultivating new partnerships with like-minded organizations and funders.”
Sung holds a Master of Business Administration from Presidio Graduate School.
About Community Reinvestment Fund, USA (CRF)
Founded in 1988, Community Reinvestment Fund, USA (CRF) is a national non-profit organization with a mission to empower people to improve their lives and strengthen their communities through innovative financial solutions. A leading Community Development Financial Institution (CDFI), CRF supports other mission-driven organizations, increases economic mobility, and builds strong local economies through the development of solutions aimed at creating an equitable financial system. CRF has injected more than $2.4 billion to stimulate job creation and economic development and support community facilities. For more information, visit www.crfusa.com.