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News Now

Washington
Cleveland Fed names CU rep among new CDIAC members
CLEVELAND (7/1/14)--Steve Behler, president/CEO of $599 million-asset Kemba CU, West Chester, Ohio,  is among four individuals newly appointed by the Federal Reserve Bank of Cleveland to its Community Depository Institutions Advisory Council. The 10-person council consists of representatives from credit unions, commercial banks and thrift institutions from the fourth Federal Reserve District.
 
The council provides information and to the Cleveland Reserve Bank from the perspective of community depository institutions.
 
The four new members are:
  • Behler;
  • Diane Hoops, president/CEO, Corn City State Bank, Deshler, Ohio;
  • Ronald J. Seiffert, president/CEO, Delaware County Bank and Trust Co., Lewis Center, Ohio; and
  • Paul S. Siebenmorgen, president/CEO, Farmers and Merchants State Bank, Archbold, Ohio.
Council members meet with senior Fed leaders at least twice every year to provide anecdotal information to shape consideration of monetary policy direction and economic research activities.
 
The new board members assumed their positions June 1.


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