WASHINGTON (9/30/15)--Michael J. Castellana, president/CEO of SEFCU, Albany, N.Y., is set to be the president of the Federal Reserve Board's Community Depository Institutions Advisory Council (CDIAC) for 2016.
Catellana served on the council as vice president and has been a member of the advisory panel since 2014.
Two other credit union leaders named to the 2016 council are Glenn D. Barks, president/CEO of First Community CU, Chesterfield, Mo., and Jan Roche, president/CEO of State Department FCU, Alexandria, Va. Barks and Roche also have served as Fed advisors since 2014.
The council advises the Fed board on the economy, lending conditions and other issues. It meets twice a year with the board of governors in Washington, D.C., generally in November and April.
CDIAC members are selected from representatives of credit unions, banks and thrift institutions serving on local advisory councils at the 12 Federal Reserve Banks. One member of each of the Reserve Bank councils is selected to serve on the CDIAC.
For more information on the CDIAC, click here.