Press
Credit Union Economics Group (CUEG) Meets with St. Louis Federal Reserve President, Staff
ST. LOUIS, MO – The Credit Union Economics Group (CUEG) met with James Bullard, president and chief executive officer of the Federal Reserve Bank of St. Louis, to discuss the current economic situation and related topics of interest to the Fed and credit unions.
This is the 11th year CUEG members have met with Fed officials on April 5. President Bullard is a member of the Federal Open Market Committee, which sets monetary policy. CUEG greatly appreciated the opportunity to meet with Bullard and his staff to discuss some of the significant issues impacting credit unions today, including the low-interest-rate environment, regulatory environment and Fed policy.
Members of the Credit Union Economics Group (CUEG) attending were: Steve Brewer, chief financial officer, Michigan Schools and Government Credit Union, Clinton, Mich.; Eli Vazquez, senior vice president and CFO, American Airlines Federal Credit Union, Fort Worth, Texas; David Carrier, NAFCU chief economist and director of research; Bruce Fox, executive vice president and CIO, Catalyst Corporate Federal Credit Union, Plano, Texas and Dave Colby, chief economist, CUNA Mutual Group, Madison, Wis.
In addition to Bullard, participants from the Federal Reserve Bank of St. Louis included Dave Wheelock, vice president and deputy director of research; Jim Fuchs, assistant vice president of banking supervision; and Bill Emmons, assistant vice president of banking supervision.
The Federal Reserve Bank of St. Louis, one of the 12 regional banks in the Federal Reserve System, was established in 1914. It serves the Fed’s eighth district. Headquartered in St. Louis, the bank has branches in Little Rock, Ark., Louisville, Ky., and Memphis, Tenn.
The Credit Union Economics Group is a working group of credit union officials located throughout the country who are dedicated to the current and future financial well-being of the credit union movement. CUEG’s objective is to provide credit unions with consensus macroeconomic forecasts and industry trend analyses that will be helpful in their planning and operations. This independent, non-profit group also provides a credit union perspective on national and regional economic trends by exchanging information with the NCUA, the Federal Reserve Board and the various Federal Reserve District Banks.