The CEO of an Oregon credit union has been named as vice chairman of one of the regional panels launched a year ago by Fed Chairman Ben Bernanke to gather grassroots input on economic and regulatory matters from community banks and credit unions.
Ronald Barrick of the $810 million Advantis CU in Milwaukie, Ore., has been appointed to the leadership post on the Twelfth District’s Community Depository Institutions Advisory Council by the Federal Reserve Bank of San Francisco.
The group already has met several times over the past year to discuss Fed policies.
Barrick may be the first CEO of a CU to hold such a top leadership slot on a district Fed panel. The new chairman of the San Francisco Fed’s 12-member CDIAC is John V. Evans Jr., CEO of DL Evans Bank in Burley, Idaho.
In addition to Barrick, the San Francisco Fed said it has also selected Darin B. Moody, president/CEO of the $237 million Utah First FCU in Salt Lake City as its newest council member.
Under Fed policies applying to all 12 district banks, two CEOs from CUs are to be named to the regional CDIAC. The second CU slot had been vacant during 2011. Moody was named to a three-year term.