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WASHINGTON – Members of the Credit Union Economics Group will meet with officials of the Federal Reserve Bank of Kansas City in the group’s continuing efforts at building awareness of credit unions’ role in delivering consumer financial services. The April 12 meeting in Kansas City will be attended by Thomas M. Hoenig, president/CEO of the Federal Reserve Bank of Kansas City, and members of his staff. “An opportunity to meet with senior policy makers at the Federal Reserve is important to CUEG as well as to all credit unions,” said Tun Wai, CUEG member and NAFCU director of research and chief economist. “Understanding the unique role credit unions play in the financial services sector will help shape important policy decisions in the future.” The Kansas City meeting follows one held in San Francisco in April 2004 where CUEG members met with Robert Parry, 12th District president and CEO of the Federal Reserve Bank of San Francisco. Kansas City is home to one of 12 Federal Reserve Banks nationwide that, together with the Fed’s Board of Governors in Washington, serve as the country’s central bank. The 10th Federal Reserve District includes the states of Colorado, Kansas, Nebraska, Oklahoma, Wyoming, the northern half of New Mexico and the western third of Missouri. CUEG, an independent, non-profit group, provides credit unions with consensus macroeconomic forecasts and industry trend analyses that will be helpful in their planning and operations and a perspective on regional economic trends by exchanging information with the NCUA, the Federal Reserve Board and the various Federal Reserve District Banks.

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