Michael Castellana, the CEO of Albany–based SEFCU, a credit union with branches in the Syracuse and Binghamton areas, is the new chairman of the Federal Reserve Bank of New York Community Depository Institutions Advisory Council.
New York Fed leaders meet with the council twice a year to discuss economic and financial conditions and other issues concerning community depository institutions, according to the Fed. The council’s members include representatives from commercial banks, thrift institutions, and credit unions with assets of less than $10 billion in the Second Federal Reserve District, which includes New York, northern New Jersey, Fairfield County in Connecticut, Puerto Rico, and the U.S. Virgin Islands.
Castellana will also represent the Second Federal Reserve District on the Federal Reserve Board’s Community Depository Institutions Advisory Council. The board’s council meets twice a year in Washington, D.C. and includes one member from each of the local Reserve Bank advisory councils.
(Sponsored)
Embracing CHange Across the Generations
CH Insurance, Your LOCAL Partner for Insurance, Risk Management & Group Benefits Massive shifts have transformed workplaces and the world, including the insurance industry. From the advent of AI and
Is Your Small Business Ready for the Unexpected?
Essential Coverage Every Family Enterprise Needs Small businesses are built on big dreams, and those dreams run even deeper when family is involved. You’ve invested your time, money, and heart
SEFCU has assets of $2 billion, 200,000 members, and 40 branches in the Albany, Syracuse, Binghamton, and Buffalo markets.
Contact Tampone at ktampone@cnybj.com
