CUs Meet With SF Fed Officials

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Seeking to expand awareness of the scope of credit unions, the Credit Union Economics Group (CUEG) met here with representatives of the Federal Reserve Bank of San Francisco. Representing the Fed were President Robert Parry, and 12th Federal Reserve District staff members Elizabeth Laderman, an economist, and Fred Furlong, vice president of financial and regional studies.

"We believe CUEG provided president Parry and his staff with some insights they might not otherwise receive about the consumer force of credit unions," said Tun Wai, NAFCU's director/research and chief economist. Discussion touched on credit unions' preparedness for changes in the interest rate environment, the role of depository intermediaries and financial literacy.

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