The Federal Reserve Bank of Philadelphia announced that it appointed Amey R. Sgrignoli, president and CEO of Belco Community Credit Union, to a three-year term on its Community Depository Institutions Advisory Council (CDIAC).
Prior to joining Belco Community CU in 2004, Sgrignoli served as a mortgage loan originator for M&T Bank and as an assistant vice president of indirect lending at Waypoint Bank.
Based in Harrisburg, Pa., Belco Community CU has $454 million in assets. The credit union generated net income of about $3.3 million in 2016, almost double the $1.7 million it posted in the prior year.
CDIAC is a 12-member council composed of representatives from commercial banks, thrift institutions, and credit unions. The council convenes twice a year with officials from the Federal Reserve Bank of Philadelphia to share insights about economic and business trends facing community depository institutions in their local markets.
After each local meeting, a representative from the Philadelphia council joins counterparts from other Federal Reserve Banks at a meeting hosted by the Board of Governors of the Federal Reserve System in Washington, D.C.
