TAMPA, Fla.–There should be no letup in the push for credit union influence in the Federal Reserve System even though progress remains slow, according to Wendell "Bucky" Sebastian, nearing his first year as a director at the a Fed bank branch.
"Every Fed bank should have a credit union CEO on their regional boards, particularly when you see the only locally-owned financial institution in town is a credit union," declared Sebastian, president/CEO of the $2.1 billion GTE FCU of Tampa and a director of the Jacksonville branch of the Federal Reserve Bank of Atlanta.
Sebastian is among a group of north Florida business and banking leaders on the seven-member Jacksonville branch board and looking back on his November 2006 appointment said the experience has proved instructive in gaining CU insight into the state's business climate.
Recommended For You
In doing his background economic work for the Atlanta Fed, Sebastian said he has made helpful new contacts among a host of business leaders in industries ranging from furniture manufacturing to retail supermarkets.
"All of it has been useful in doing planning for my credit union," said Sebastian.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
