September 2021 Update | Executive Director Transition | Exodus Lending - Exodus Lending

September 2021 Update

By Kaitlyn October 15, 2021

Executive Director Transition

After careful consideration, I have decided to retire in early 2022 and begin the transition process to find a new Executive Director. It has been an honor to serve as the Executive Director for the last five years.  

When I joined Exodus Lending back in 2016, one of the first things I did was obtain our 501(c)(3) status. Since then, I’ve hired and guided staff as we, together, worked to improve our program for our participants. Over the years, we successfully became credit reporters, streamlined procedures, and designed a pilot personal loan product. As Executive Director, I witnessed firsthand the significance of these improvements. 

With them in place, Exodus Lending helped nearly 500 Minnesotans break free from payday loans and save more than $1.2 million in interest and fees. 

Along the way, I have had the honor of connecting with supporters like you all across Minnesota. I am proud of our diverse (and ever-growing) pool of investors, donors, volunteers, and consumer advocates who have joined us. You are the driving force of our work. Year after year, we continually came together to exceed our organizational and fundraising goals. I am grateful for your generosity, which has positioned us well, both financially and programmatically. For example, excitingly, Exodus Lending earned a technical assistance grant to explore becoming a certified Community Development Financial Institution (CDFI).

The future is bright for Exodus Lending. 

Together, we have accomplished so much over the past five years. I feel truly honored to have played a part in it. Although I look forward to the next chapter of my life, including more time with my family and continuing social involvement, I am pleased that Exodus Lending is strong and well-positioned for future success. I am confident that the organization will find an excellent leader to carry our important work forward. 

To that end, Exodus Lending’s Board of Directors has assembled a transition committee to oversee the search for our next Executive Director. We are committed to a transparent and inclusive leadership transition process. We will regularly provide updates on our progress. If you have any input, insight, questions, or concerns about this transition, please feel free to reach out to us at [email protected].

Exodus Lending E-Newsletter: September 2021