Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
CU Rep Joins Philly Fed Advisory Council
WASHINGTON (3/11/13)--Gregory A. Smith, president/CEO of Pennsylvania State Employees CU, Harrisburg, Pa., will join the 12-member Federal Reserve Bank of Philadelphia's Community Depository Institution Advisory Council (CDIAC) in 2013.

Smith began his credit union career with Torrey Pines FCU, San Diego, Calif., in 1972, and has also worked with Western Corporate FCU, San Dimas, Calif.; Orange County's CU, Santa Ana, Calif.; Teachers FCU, Long Island, N.Y.; and Michigan State University EFCU, East Lansing, Mich. Smith is a member of the Pennsylvania Credit Union Association's State Credit Union Advisory and Regulatory Review committees. He is also active in the association's Governmental Affairs Committee.

There are 12 CDIAC groups nationwide, with each group representing one Federal Reserve district. The district CDIACs are comprised of representatives from commercial banks, thrifts and credit unions with assets of $10 billion or less.

Philadelphia Fed CDIAC members are drawn from eastern Pennsylvania, southern New Jersey, and Delaware.

The councils provide 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 full CDIAC, and the council meets with the Fed in Washington, D.C., twice each year.


RSS print
News Now LiveWire
.@CreditYOUnion captures voices of #100MM loud, proud at @GAUnitedCU See #NewsNow Thursday for more
12 hours ago
Ill. @GovernorQuinn signs patent troll law http://t.co/ugWf8zHpCm via @CrainsChicago
13 hours ago
.@MBAMortgage : Mortgage apps increased 2.8% from one week earlier for week ending Aug. 22.
13 hours ago
Franchise businesses may face higher breach risk with POS systems HT @briankrebs http://t.co/LGE46DUk15
14 hours ago
About 1 in 3 consumers use plastsic for in-person purchases of less than $5, according to @CreditCardsCom survey.
15 hours ago