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The Federal Reserve remains eager for information from credit unions and community banks on the future framework of the payments system as corporates merge and reorganize, according to Ron Barrick, a member of a grassroots Fed panel and president/CEO of the $826 million Advantis CU of Milwaukie, Ore. 

Barrick, who is vice chairman of the Community Depository Institutions Advisory Council of the Federal Reserve Bank of San Francisco, said a recent meeting of the 11-member bank/CU panel demonstrated anew the Fed’s interest “in the trends taking place among the intermediaries” making reference to various providers including corporates.

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