BOSTON (2/23/11)--Three credit union representatives are among the 12 new members appointed to the newly formed Community Depository Institutions Advisory Council (CDIAC) for the First Federal Reserve District, announced the Federal Reserve Bank of Boston. The credit union representatives are:
* James W. Blake, president/CEO of HarborOne FCU, Brockton, Mass.; * John Dwyer, president/CEO of New England FCU, Williston, Vt.; and * Michael L’Ecuyer, president/CEO of Bellwether Community CU, Manchester, N.H.
The board of governors of the Federal Reserve System has created a national CDIAC to broaden the scope of input on economic credit conditions. To complement the national effort with regional perspectives, each Federal Reserve Bank is establishing a district council comprising representatives from that district’s community banks, thrifts and credit unions. The First District council is drawn from communities within Connecticut (excluding Fairfield County), Massachusetts, Maine, New Hampshire, Rhode Island and Vermont. It will provide input to the Boston Federal Reserve Bank’s senior management on topics such as economic and banking conditions, regulatory policies and payments issues. Members of the Boston Fed’s CDIAC will serve three-year terms.