WASHINGTON — CUNA has made two nominations of credit union executives to the Federal Reserve's Thrift Institutions Advisory Council.
CUNA nominated Government Employees Credit Union President/CEO Harriet B. May and USA Federal Credit Union President/CEO Mary Cunningham to serve on the Fed's TIAC, which was set up to provide first-hand advice from representatives of institutions that have an important relationship with the Federal Reserve.
"Ms. May and Ms. Cunningham would make significant contributions to the work of the Thrift Institutions Advisory Council," CUNA Chairman Juri Valdov, president/CEO of Northwest Federal Credit Union, wrote in the nomination letter. May currently serves on the CUNA Board and Town North Bank, a bank owned by credit unions. In 2005, the Small Business Administration named her Minority Business Advocate of the Year.
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Cunningham has 31 years of financial institutions experience, according to CUNA's letter. She currently serves as chairman of the National Credit Union Foundation Board, the primary charitable and fundraising organization for global credit union development, and has served as chairman of the Credit Union Executive Society Board of Directors and as a member of the Filene Research Council, an organization dedicated to the analyses of issues affecting the future of consumer finance and credit unions.
The 12-member TIAC meets three times a year in Washington, D.C., and represents savings and loans, mutual savings banks, and credit unions. Members are appointed by the Board of Governors and generally serve for two years. Currently Visions Federal Credit Union President/CEO Frank Berrish and San Antonio Federal Credit Union President/CEO Jeffrey Farver serve on the council.
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