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Even With Anti-CU Snipes, Two Texas CEOs Praise Fed Panels

CEOs representing two of Texas’ largest credit unions applauded the central bank Thursday for recognizing the industry during a series of Federal Reserve-run grassroots conferences now ending its first month.

By Jim Rubenstein | Updated on March 25, 2011

CEOs representing two of Texas’ largest credit unions–and now members of what has become an exclusive “Fed Club” of designated CU leaders–applauded the central bank Thursday for recognizing the industry during a series of Federal Reserve-run grassroots conferences now ending its first month.

“This has been a fascinating experience and one that looks to be useful as we learn more about the banks firsthand and they do the same,” observed Michael Brown, president/CEO of the $1.5 billion JSC FCU of Houston in commenting on deliberations of the Community Depository Institutions Advisory Council.

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