The Credit Union Economics Group has met with officials from theFederal Reserve for the 11^th year.

The CUEG met on April 5 with James Bullard, president/CEO ofthe Federal Reserve Bank of St. Louis, to discuss the economy andother topics of importance to the Fed and credit unions.

This is the 11th year CUEG members have met with Fed officialson April 5. President Bullard is a member of the Federal OpenMarket Committee, which sets monetary policy. CUEG greatlyappreciated the opportunity to meet with Bullard and his staff todiscuss some of the significant issues impacting credit unionstoday, including the low-interest-rate environment, regulatoryenvironment and Fed policy.

CUEG members there were Steve Brewer, chief financial officer ofthe $1.2 billion Michigan Schools and Government CU, Clinton,Mich.; Eli Vazquez, senior vice president/ CFO of the $5.7 billionAmerican Airlines FCU, Fort Worth, Texas; David Carrier, NAFCUchief economist and director of research; Bruce Fox, executive vicepresident/CIO, of the $2.7 billion Catalyst Corporate FCU, Plano, Texas and Dave Colby, chiefeconomist at CUNA Mutual Group, Madison, Wis.

Bullard was accompanied by St. Louis Fed colleagues DaveWheelock, vice president and deputy director of research; JimFuchs, assistant vice president of banking supervision; and BillEmmons, assistant vice president of banking supervision.

The CUEG is a workinggroup of credit union officials dedicated to the current andfuture financial well-being of the credit union movement. CUEG'sobjective is to provide credit unions with consensus macroeconomicforecasts and industry trend analyses, and to share informationwith the NCUA, the Federal Reserve Board and the various FederalReserve banks.