Frederick B. Thomas, enterprise process manager for Ford Motor Credit Company (Ford Credit) (NYSE: F), will be installed as the new national president of the Urban Financial Services Coalition (UFSC), formerly the National Association of Urban Bankers (NAUB), during the organization’s annual conference to be held in San Francisco May 26. As national president for the 2000-2001 term, he will work with the organization’s leadership team as an advocate for national and local initiatives.
UFSC was established in 1974 to bring together minorities in the financial services industry for career and professional development. The non-profit organization serves as a link between corporations and communities to develop and facilitate programs that foster economic empowerment for minorities and support educational advancement for youths.
Thomas has more than 10 years of financial services experience, having worked as a manager with Northern Trust Company in Chicago. He currently is an enterprise process manager, responsible for the prioritization process in the enterprise program management office. Before joining Ford Credit this year, Thomas was an assistant vice president with Fiserv , Inc., managing the check fraud/check collections units.
Thomas is a member of the 100 Black Men of America, Inc., and served as the Chicago area chapter secretary. In addition, he is a member of the National Black MBA Associations, the USC Midwest Alumni Association and Kappa Alpha Psi, Fraternity, Inc.
Thomas earned his bachelor’s degree from the University of Southern California and his master’s degree from Carnegie Mellon University . He resides in Detroit.
“Ford Credit is very proud to support Fred Thomas as he embarks on his leadership of UFSC,” said Kirk Zumhoff, project director, Enterprise Program Management. “Fred is an invaluable asset to Ford Credit as a manager, and I know that with him at the helm, UFSC is going to make even more of a difference in the financial services industry.”
Ford Credit is a wholly-owned subsidiary of Ford Motor Company and is the world’s largest automotive finance company. Now in its 41st year, Ford Credit provides vehicle financing in 40 countries to more than 10 million customers and more than 11,500 automotive dealers. Ford Credit had total earning of $1.3 billion in 1999, with a worldwide receivables base of more than $140 billion. More information about Ford Credit can be found on the World Wide Web at www.fordcredit.com.