Philadelphia Fed Appoints New Credit Union Council Members

June 10, 2005

For immediate release
Contacts: Katherine Dibling, assistant media advisor, 215-574-4119

Philadelphia, Pa. - The Federal Reserve Bank of Philadelphia has appointed two business leaders to serve on its Credit Union Council for three-year terms beginning in 2005. Council members advise Federal Reserve officials about regional business conditions and economic issues that have an impact on the marketplace.

Alfreda A. Earnest, president and CEO of Deepwater Industries Federal Credit Union in Deepwater, N.J., is secretary and treasurer of the South Jersey Chapter of the New Jersey Credit Union League and a compliance officer for the National Association of Federal Credit Unions. In addition, she is a member of the FBI’s community partnership program. Earnest is a graduate of the National Association of Federal Credit Unions’ management and marketing schools.

Jeff March, president and CEO of Citadel Federal Credit Union in Thorndale, Pa., is actively involved with many community groups, including the United Way of Chester County, Community Volunteers in Medicine, and the Good Works of Chester County. He received a bachelor’s degree from Indiana University of Pennsylvania.

The Federal Reserve Bank of Philadelphia helps formulate and implement monetary policy, supervises banks and bank holding companies, and provides financial services to depository institutions and the federal government. The Philadelphia Fed serves the Third District, which is composed of eastern Pennsylvania, southern New Jersey, and Delaware.

Philadelphia Fed Appoints New Credit Union Council Members

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