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FOR IMMEDIATE RELEASE
April 5, 2013

NAFCU Chief Economist David Carrier Meets with St. Louis Federal Reserve President

Washington - National Association of Federal Credit Unions (NAFCU) Chief Economist and Director of Research David Carrier will meet today with James Bullard, president and chief executive officer of the Federal Reserve Bank of St. Louis, to discuss the current economic situation and related topics of interest to the Fed and credit unions.

President Bullard is a member of the Federal Open Market Committeewhich sets monetary policy. Carrier is part of a delegation of the Credit Union Economics Group(CUEG).

"We appreciate the opportunity to meet with President Bullard and discuss some of the significant issues impacting credit unions today, including the low-interest-rate environment, Fed policy, and the risk of inflation" said Carrier.

In addition to Bullard, participants from the Federal Reserve Bank of St. Louis include Dave Wheelock, vice president and deputy director of research; Sue Gerber, vice president of bankingsupervision; Jim Fuchs, assistant vice president of banking supervision; and Bill Emmons, assistant vice president of banking supervision.

Members of the Credit Union Economics Group (CUEG) attending are Steve Brewer, chief financial officer, Michigan Schools and Government Credit Union, Clinton, Mich.; Dave Colby, chief economist, CUNA Mutual, Madison, Wis.; Fred Easel, senior vice president and CIO, First Carolina Corporate Credit Union, Greensboro, N.C.; Bruce Fox, executive vice president and CIO, Catalyst Corporate Federal Credit Union, Plano, Texas; and Eli Vazquez, senior vice president and CFO, American Airline Federal Credit Union, Fort Worth, Texas.

The Federal Reserve Bank of St. Louis, one of the 12 regional banks in the Federal Reserve System, was established in 1914. It serves the Fed's eighth district. Headquartered in St. Louis, the bank has branches in Little Rock, Ark., Louisville, Ky., and Memphis, Tenn.

The Credit Union Economics Groupis comprised of credit union economists and financial officers. The group shares a common interest in providing the nation's credit unions with a strategic view on trends in the general economy and on consumer financial services.

The National Association of Federal Credit Unions is the only national organization that focuses exclusively on federal issues affecting credit unions, representing its members before the federal government and the public.

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Contact:Patty Briotta | 703-842-2820 | pbriotta@nafcu.org