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CUNA nominates pair to Feds TIAC
WASHINGTON (10/20/09)--The Credit Union National Association (CUNA) has nominated two credit union system veterans for membership on the Federal Reserve’s Thrift Institutions Advisory Council (TIAC). In a letter sent to Fed Governor Elizabeth Duke, CUNA Chairman Kris Mecham said that METRO Credit Union President/CEO Robert Cashman and US Federal Credit Union President/CEO William Raker “are highly articulate, well-regarded leaders within the credit union industry and their communities” who “possess great financial system experience and would bring significant expertise to the work of the Council.” Cashman, who currently serves on CUNA’s Board of Directors and Governmental Affairs Committee, has also worked with the Massachusetts Credit Union League and served as Director of the nation’s first corporate credit union, the Central Credit Union Fund. He has worked within the credit union movement for 26 years. Raker has led US Federal Credit Union, which holds $800 million in assets from 76,000 members, for 12 of his 30 years in the credit union system, and previously served in other capacities at Fort Knox Federal Credit Union Control Data Credit Union Services. The TIAC, an advisory group, was established by the Fed in 1980 and meets three times per year with the Fed’s Board of Governors to discuss developments relating to thrift institutions, mortgage finance, and regulations.


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