With the exception of an impromptu clash over the credit union tax exemption, the Federal Reserve Bank information seminars that joined credit union and community bank CEOs finished the month with a wary but shared camaraderie.
Though the CU network of CEOs taking part in the series of March meetings of the Community Depository Institutions Advisory Councils at Fed district banks was still forming, there continued to be widespread industry support for participation in the meetings.
"I was really surprised to learn how much we and the banks really shared in dealing with the efforts to build loan volume," said Ron Barrick, president/CEO of Advantis CU of Portland, Ore., and the CU representative to the CDIAC of the Federal Reserve Bank of San Francisco.
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