ATLANTA (3/22/11)--Two credit union representatives are among the 13 members appointed to the newly formed Community Depository Institutions Advisory Council (CDIAC) for the Sixth Federal Reserve District, announced the Federal Reserve Bank of Atlanta. The credit union representatives are:
* Mark E. Rosa, Jefferson Financial CU, Metairie, La.; and * James Woodward, SunState FCU, Gainesville, Fla.
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 credit unions, community banks and thrifts. CDIACs will provide input on the economy, lending conditions, and other issues related to community banking. They are being established at Federal Reserve Banks across the country pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. The Sixth District CDIAC will meet twice a year and held its first meeting on Wednesday. The Federal Reserve Bank of Atlanta serves the Sixth Federal Reserve District, which encompasses Alabama, Florida, Georgia and parts of Louisiana, Mississippi and Tennessee. With the Sixth District’s announcement, the district councils are completed.