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Two CU CEOs appointed to Fed district panel on community depository institutions
SAN FRANCISCO, Calif. (8/29/11)--The Federal Reserve Bank of San Francisco last week appointed Advantis CU, Milwaukie, Oregon, president/CEO Ronald Barrick as vice chairman of its 12th District Community Depository Institutions Advisory Council (CDIAC), and named Utah First FCU, Salt Lake City, Utah, president/CEO Darin Moody as the newest member of the CDIAC. Moody will serve a three-year term on the advisory council. His credit union, Utah First, holds around $240 million in assets from more than 21,000 members. Vice chairman Barrick’s credit union, Advantis CU, holds around $756 million in assets from 43,500 members. The 12th District CDIAC is one of 12 district bank-based councils. The chairmen from each of these 12 councils serves on the Fed’s larger CDIAC, which meets twice a year in Washington, D.C. and provides the Fed with input on the economy, lending conditions, and other issues. The Fed’s CDIAC will replace the Thrift Institutions Advisory Council, which was established by the Fed in 1980 and advised the Fed on thrift institutions, mortgage finance, and regulations. The 12th district CDIAC is chaired by John Evans, Jr., CEO of Burley, Idaho-based DL Evans Bank. The other members of the 12th district CDIAC are:
*William Castle, President/CEO of Klamath Falls, Oregon’s South Valley Bank and Trust; *James Christensen, President/CEO of Mesa, Arizona’s Gateway Commercial Bank; *Daniel Doyle, President/CEO of Fresno, California’s Central Valley Community Bank; *Constance Lau, Chairman of Honolulu, Hawaii’s American Savings Bank; *Arvind Menon, President/CEO of Las Vegas, Nevada’s Meadows Bank; and *James Woolwine, Chairman of San Francisco, California’s Presidio Bank.
For the full Fed release, use the resource link.
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