NEFE Announces New Board Chairman

Two New Members Join Trustees

Date: February 2, 2010

Contact: Paul Golden 303-224-3514, [email protected]

DENVER—The board of trustees of the National Endowment for Financial Education has named Richard Woltmann, JD, chairman for 2010. Woltmann, executive director of Bay Area Legal Services, Inc., in Tampa, Fla., joined the 15-member board in 2005. Through Bay Area Legal Services, he provides free civic legal services to indigent and elderly residents within a five-county area in West Central Florida.

The NEFE Board of Trustees also welcomes new members Dorothy Bridges and Karen Vahouny as they each begin three-year terms on the NEFE leadership assembly.

"For more than 25 years, Dorothy Bridges and Karen Vahouny have been developing in their respective fields expertise that they now will use to enhance NEFE’s mission,” says Ted Beck, president and CEO of NEFE. “We are happy to welcome to the team such veterans of the banking and communications worlds.”

Dorothy Bridges

In 2009, U.S. Banker magazine named Bridges, president and CEO of City First Bank in Washington, D.C., one of the “25 Women to Watch” in its “25 Most Powerful Women in Banking” issue. The publication heralded Bridges as an “emerging voice on community banking issues.” Bridges has been rooted in community development banking for 30 years. During that time she has focused on lending to small businesses, revitalizing underserved communities and helping nonprofits and socially minded individuals. Through this work, Bridges has recognized the importance of financial literacy.

Dorothy Bridges, NEFE Board of Trustees

"The economic struggles we have experienced recently add validity to the importance of financial education,” says Bridges. “Finance can be an intimidating subject, and many of us are wondering how we can get smart about money. I am attracted to the work NEFE does in helping people gain the encouragement to responsibly handle financial challenges.”

Before taking on leadership at City First Bank in 2008, Bridges served as president and CEO of Franklin National Bank in Minneapolis. Before that, she led as vice president and chief credit officer at the Community Reinvestment Fund (CRF), a nonprofit that securitizes economic development loans. Bridges also consulted at a bank regulatory compliance consulting firm in Ohio. In addition to serving as trustee with NEFE, Bridges volunteers as a member of the FDIC’s Community Bank Advisory Council, the American Bankers Association board and the Northwest Area Foundation (NWAF) board.

Karen Vahouny

In Vahouny, NEFE receives an expert in corporate communications and investor relations. A founding partner of Qorvis Communications in Washington, D.C., Vahouny says she can’t think of a more exciting time to support NEFE.

"Investing in financial education and building our economic IQ is critical, and we need to make that happen one child, one young adult and one person at a time,” Vahouny says.

Karen Vahouny, NEFE Board of Trustees

Before joining Qorvis in 2000, Vahouny spent 18 years at D.C.-based PRC, Inc., a $750 million information technology company. While there, Vahouny provided strategic direction and leadership as vice president of corporate communications. Previously, she led as manager of investor and internal relations and director of communications.

The only two-time winner of the “Communicator of the Year” award from the International Association of Business Communicators’ (IABC) Washington chapter, Vahouny is a frequent presenter on investor relations and communications. She demonstrates particular expertise in corporate image strategy and message development. Vahouny has served on various boards for IABC and will appear on the organization’s speaking faculty for its world conference this summer in Toronto. She also serves as an adjunct professor for the MBA program at Marymount University and as a member of the National Investor Relations Institute’s (NIRI) Board of Directors.



  • Paul Golden

    Media Relations Director

    Direct: 303-224-3514
    Cell: 303-918-3620
    [email protected]