ALBUQUERQUE -- Robert Chavez, president and CEO of Sandia Laboratory FCU, was appointed to the Federal Reserve Bank of Kansas City's Community Depository Institutions Advisory Council (CDIAC).
The Credit Union Association of New Mexico nominated Chavez for the seat more than a year ago.
"The idea is to provide input to the Federal Reserve about the economy, regulations here, lending conditions and so on," Chavez said in a statement. "I will be the only representative from New Mexico representing the seven states that the Federal Reserve in Kansas City represents, and I will have the opportunity to network with the other executives from those states."
CDIAC members generally serve a three-year term.
The appointment of Chavez is the second for a credit union chief executive to a CDIAC this year. Judy Tharp, CEO of Piedmont Advantage CU, Winston-Salem, N.C., was named to the CDIAC at the Federal Reserve Bank of Richmond in April.
In April 2014, David Doss, president and CEO of $1.6 billion Arizona State Credit Union in Phoenix, was one of five new appointees to the CDIAC for the Federal Reserve Bank of San Francisco's Twelfth District.
Chavez has been with $2.1 billion Sandia Laboratory since 2000. He served as EVP and chief operating officer from 2002 until he became chief executive in March 2014.
