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Philadelphia Fed Appoints Three to Credit Union Advisory Council

For release: August 21, 2002
Contact: Kathy Woodbury, (215) 574-4119

PHILADELPHIA - The Federal Reserve Bank of Philadelphia has appointed several business leaders to serve on its Credit Union Council for a three-year term beginning this year. The 12-member council advises Federal Reserve officials about regional business conditions and economic issues that have an impact on the marketplace. The new council members are:

Diana L. Roberts, president and CEO of Hershey Federal Credit Union, holds seats on the boards of the Pennsylvania Credit Union League and Pacul Services Inc., Credit Union National Association, and Credit Plus Solutions Group. She is a member of the Credit Union Executive Society and the Star Advisory Council. Roberts is a graduate of the Credit Union National Association (CUNA) Management School at the University of Wisconsin, and she attended Illinois State University and Millersville University, Millersville, Pa.

Thomas A. Phillips, CEO of the Lakehurst Naval Federal Credit Union, Lakehurst, N.J., was president of the Credit Union Affiliates of New Jersey, Monmouth-Ocean chapter, from 1994 to 1998. Phillips is a graduate of the American Institute of Banking and "Commercial Loans to Business," Robert Morris Associates, now the Risk Management Association.

Virginia F. Williams, CEO of the Federal Aviation Administration (FAA) Technical Center Federal Credit Union, Northfield, N.J., also was a member of the Bank's credit union advisory council from 1986 to 1988. She serves the Credit Union Affiliates of New Jersey on its Education Advisory Council and Small Credit Union Committee. Williams holds a bachelor's degree in business administration from Glassboro State College, now Rowan University.

The Federal Reserve Bank of Philadelphia serves depository institutions in eastern Pennsylvania, southern New Jersey and Delaware. The Bank supplies cash to these banks and thrifts, supervises them, collects and processes about 5 million checks daily, wires money and securities nationwide, and participates in the broader objective of setting monetary policy.

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