Greg Smith of $4 billion Pennsylvania State Employees Credit Union joins community bankers on CDIAC panel.
Two credit union CEOs join eight bankers named to the Community Depository Institutions Advisory Council by the Federal Reserve.
Credit unions in New Hampshire and Missouri are firming up their partnership with Walmart this month by opening new in-store branches.
The initial reviews are in from the meeting this week between credit union CEOs, community bank CEOs and top brass of Federal Reserve banks, and so far the assessment of what was discussed on everything from interchange to Fannie/Freddie status was favorable.
Underscoring a policy aimed at reaching out to small community banks and credit unions, the Federal Reserve Board and its district banks last week began completing a series of high-level CEO appointments to its new advisory panels.
CEOs being appointed this month to the newly formed advisory panels of Federal Reserve district banks are eager to become CU advocates and plan to raise the debit interchange issue.
When it comes to maintaining and expanding branches in Walmart stores, the $1.6 billion First Community CU of St. Louis is now among the foremost CU cheerleaders.
St. Louis' largest credit union, the $1.6 billion First Community, is on a Walmart roll.
More than 150 members of First Community Credit Union signed up for the suburban St. Louis credit union's new mobile text banking service in the first month of its offering.