WASHINGTON (10/9/14)--Three credit union leaders will be members of the Federal Reserve Board's Community Depository Institutions Advisory Council (CDIAC) for 2015, the agency announced Wednesday. The 12-person CDIAC was established in 2010 to provide input to the board on issues of interest to community depository institutions.

Credit union representatives on the council for 2015 are:

• Michael J. Castellana, president/CEO of SEFCU, Albany, N.Y., with $2.7 billion in assets. He will serve as the council's vice president;
• Glenn D. Barks, president/CEO of First Community CU, Chesterfield, Mo., with $1.9 billion in assets; and
• Jan Roche, president/CEO of State Department FCU, Alexandria, Va., with $1.5 billion in assets.

Castellana, Barks and Roche also served on the 2014 council.

According to the Fed, 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.

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, generally in November and April.