Oct. 19, 2012 – Twelve financial industry representatives, two of them from credit unions, were named Thursday to the Federal Reserve Board’s Community Depository Institutions Advisory Council for 2013.
Glenn Barks, president and CEO of First Community CU of Chesterfield, Mo., and Michael Castellana, president and CEO of SEFCU in Albany, N.Y., were named with 10 others for the 2013 term. The council meets twice a year with the Federal Reserve Board in Washington. It advises the Fed Board on the economy, lending conditions and other issues.
Members are selected from representatives of commercial banks, thrift institutions and credit unions serving on local advisory councils at the 12 Federal Reserve Banks. One member of each of the Reserve Bank councils serves on CDIAC, which meets twice a year with the Federal Reserve Board in Washington.