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Missourian Named to Fed Advisory Council

Two credit union executives are among the 12 members of the Federal Reserve Board's 2013 Community Depository Institutions Advisory Council (CDIAC). The credit union representatives are:

  • First Community CU, Chesterfield, Mo., President/CEO Glenn Barks; and
  • SEFCU, Albany, N.Y., President/CEO Michael Castellana.

American National Bank and Trust Company Executive Chairman Charles Majors will serve as CDIAC president in 2013, and Drake Mills, president/CEO of Community Trust Bank, will serve as vice president, the Fed announced.

The CDIAC provides input to the Fed on the economy, lending conditions, and other issues. The Fed selects one member from each of its 12 Fed local advisory councils to serve on the CDIAC, and the council meets with the Fed in Washington, D.C., twice each year.