EVANSVILLE, Ind.—The Federal Reserve Bank of St. Louis has appointed Evansville Teachers Federal Credit Union President and CEO Bill Schirmer to its Community Depository Institutions Advisory Council (CDIAC) for a three-year term starting in 2019.
The council was established by the St. Louis Fed in 2011 and is comprised of 12 executives of financial institutions headquartered across the Federal Reserve's Eighth District. The council meets twice a year in St. Louis to advise President James Bullard on the credit, banking, and economic conditions facing their institutions and local communities.
Schirmer will be one of only two credit union representatives on the committee, which includes presidents from financial institutions based in Indiana, Kentucky, Illinois, Missouri, Tennessee, Mississippi, and Arkansas, the CU said.
"Schirmer became president and CEO of ETFCU in 2012 after serving as Executive Vice President and CFO of Lake Michigan Credit Union in Grand Rapids, Michigan. He has led an explosive growth track that has seen ETFCU increase from 62,000 to 207,000 members with assets doubling from $840 million to $1.7 billion," the CU said.
In 2018, Schirmer was honored with the Indiana Credit Union League’s Professional Achievement Award, and ETFCU was recognized as Best-in-State for Banking and Credit Unions by Forbes. He also serves at the national level as a member of the Payments Committee for Credit Union National Association (CUNA) and on the Legislative Affairs Committee of the National Association of Federal Credit Unions (NAFCU) and the Indiana Credit Union League (ICUL).