For immediate release

Contact: Rachel Brown, Media Relations, 215-574-3840

Philadelphia, PA — The Federal Reserve Bank of Philadelphia today announced the appointment of Amey R. Sgrignoli, president and CEO of Belco Community Credit Union, to its Community Depository Institutions Advisory Council (CDIAC). Sgrignoli will serve a three-year term beginning in March 2017.

The CDIAC is a 12-member council composed of representatives from commercial banks, thrift institutions, and credit unions. The council convenes twice a year with officials from the Federal Reserve Bank of Philadelphia to share insights about economic and business trends facing community depository institutions in their local markets. After each local meeting, a representative from the Philadelphia council joins counterparts from other Federal Reserve Banks at a meeting hosted by the Board of Governors of the Federal Reserve System in Washington, D.C.

Before joining Belco Community Credit Union in 2004, Sgrignoli was a mortgage loan originator for M&T Bank and an assistant vice president of indirect lending Waypoint Bank. She is on the boards of directors of the Pennsylvania Credit Union Association and the Mission Central in Mechanicsburg, PA. Sgrignoli has a master’s degree in organizational development and leadership and a bachelor’s degree in business administration, both from Shippensburg University. She is a graduate of the Credit Union Executive Society’s CEO Institute and has a Senior Certified Professional designation from the Society of Human Resources.

The Federal Reserve Bank of Philadelphia helps formulate and implement monetary policy, supervises banks and bank savings and loan holding companies, and provides financial services to depository institutions and the federal government. It is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. The Philadelphia Federal Reserve Bank serves eastern Pennsylvania, southern New Jersey, and Delaware.