Fed Names Two CU CEOs to CDIAC
Two credit union leaders are among the 10 financial executives named by the Federal Reserve Board to its Community Depository Institutions Advisory Council for 2014.
Glenn D. Barks, president/CEO of the $2 billion First Community Credit Union in Chesterfield, Mo., and Michael J. Castellana, president/CEO of the $2.7 billion SEFCU in Albany, N.Y., will serve as CDIAC members along with community bankers from six other states.
The pair also served on the CDIAC this year. CDIAC advises the Fed on the economy, lending conditions and other issues.
Members are selected from representatives of commercial banks, thrift institutions, and credit unions serving on local advisory councils at the nation’s 12 Federal Reserve Banks. One member of each of the Reserve Bank councils serves on CDIAC, which meets twice a year with the Federal Reserve Board in Washington, D.C.
Drake Mills, president/CEO of Community Trust Bank, Ruston, La., will serve as president in 2014. Mills served as vice president in 2013. John B. Dicus, chairman, president and CEO of Capital Federal Savings Bank, Topeka, Kan., will serve as vice president.