Campus: CSU Northridge -- February 08, 2002
Countrywide Donation Creates Endowed Professorship at CSUN
Cal State Northridge officials announced today that Countrywide Credit
Industries has donated $300,000 to the university for the creation of
an endowed professorship in the university's Department of Finance, Real
Estate and Insurance.
Countrywide, a Calabasas-based, diversified financial services provider,
will work with the university officials to develop the department's first
endowed professorship. The Countrywide gift, which is payable over five
years, will provide critical additional resources needed to recruit and
retain top faculty, support existing programs and attract distinguished
"Assisting in the creation of the endowed professorship at CSUN aptly
coincides with Countrywide's ongoing community involvement and active
philanthropic efforts," said Anne McCallion, managing director and
chief administrative officer for Countrywide.
Judy Knudson, CSUN's vice president for university advancement, called
Countrywide's gift a wonderful partnership that will benefit both organizations,
but in particular the university's students.
"It provides a wonderful opportunity for the university to enhance
educational opportunities in the Department of Finance, while continuing
to cement our efforts to reach out to the community," Knudson said.
William Jennings, chair of the Department of Finance, Real Estate and
Insurance in CSUN's College of Business and Economics, said faculty were
looking forward to the creation of the Countrywide Endowed Professorship
in Finance and Real Estate.
"Everyone in the department is very, very excited about the endowed
professorship and to be working with Countrywide," Jennings said.
Founded in 1969, Countrywide Credit Industries, Inc. NYSE, is a member
of the S&P 500 and Forbes 500. The company provides consumer and business-to-business
financial products and services in domestic and international markets.
Its primary subsidiary, Countrywide Home Loans, Inc. was recently ranked
#1 in Customer Satisfaction Among the Largest National Home Lenders*.
Consumer businesses include mortgages, insurance and other financial products.
Business-to-business activities encompass capital markets, transaction
processing and insurance. The company is headquartered in Calabasas, Calif.,
and has more than 15,000 employees with over 550 offices.
Other Countrywide subsidiaries include Full Spectrum Lending, Inc., a
subprime residential mortgage lender; LandSafe, Inc., a provider of loan
closing services; Countrywide Insurance Services, Inc., a full-service
insurance agency; Countrywide Capital Markets, a mortgage-related investment
banker; and Balboa Life and Casualty, a national provider of property,
liability and life insurance. In addition, Countrywide is the majority
shareholder of Global Home Loans, Ltd., a European mortgage banking joint
For more information about the company, visit Countrywide's website at
CSUN's College of Business and Economics currently serves more than 5,700
undergraduate and graduate students, and is one of the 10 largest undergraduate
business programs in the United States.