The Credit Union Economics Group has met with officials from the Federal Reserve for the 11th year.
The CUEG met on April 5 with James Bullard, president/CEO of the Federal Reserve Bank of St. Louis, to discuss the economy and other topics of importance to the Fed and credit unions.
This is the 11th year CUEG members have met with Fed officials on April 5. President Bullard is a member of the Federal Open Market Committee, which sets monetary policy. CUEG greatly appreciated the opportunity to meet with Bullard and his staff to discuss some of the significant issues impacting credit unions today, including the low-interest-rate environment, regulatory environment and Fed policy.
CUEG members there were Steve Brewer, chief financial officer of the $1.2 billion Michigan Schools and Government CU, Clinton, Mich.; Eli Vazquez, senior vice president/ CFO of the $5.7 billion American Airlines FCU, Fort Worth, Texas; David Carrier, NAFCU chief economist and director of research; Bruce Fox, executive vice president/CIO, of the $2.7 billion Catalyst Corporate FCU, Plano, Texas and Dave Colby, chief economist at CUNA Mutual Group, Madison, Wis.
Bullard was accompanied by St. Louis Fed colleagues Dave Wheelock, vice president and deputy director of research; Jim Fuchs, assistant vice president of banking supervision; and Bill Emmons, assistant vice president of banking supervision.
The CUEG is a working group of credit union officials dedicated to the current and future financial well-being of the credit union movement. CUEG's objective is to provide credit unions with consensus macroeconomic forecasts and industry trend analyses, and to share information with the NCUA, the Federal Reserve Board and the various Federal Reserve banks.