Greg Smith, president/CEO of the $4 billion Pennsylvania State Employees Credit Union, has been appointedto the Federal Reserve Bank of Philadelphia's Community DepositoryInstitutions Advisory Council, according to a Friday release fromthe central bank.
|Smith, whose 399,000-member credit union is located inHarrisburg, Pa., joins two bankers also appointed to the group; thethree will begin their three-year terms on March 22.
|More than 20 credit union leaders currently serve on Fed CDIACsacross the country.
|The 12-member councils are composed of representatives fromcommercial banks, thrift institutions and credit unions.
|The Philadelphia CDIAC convenes twice a year to share insightson economic and business trends facing community depositoryinstitutions in their local markets.
|Representatives from each council, typically the chairman,represent the bodies at biannual meetings with Fed Chairman BenBernanke in Washington. Glenn Barks, president/CEO of the $1.9 billion First CommunityCU of Chesterfield, Mo., and Michael Castallana, president/CEO of the $2.5 billion SEFCU inAlbany, N.Y., currently serve as chair of their respectiveCDIACs.
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