PRESS RELEASE
New Members Appointed to New York Fed’s Community Depository Institutions Advisory Council
March 8, 2016

NEW YORK—The Federal Reserve Bank of New York today announced the appointment of four new members to its Community Depository Institutions Advisory Council (CDIAC), effective immediately.

Council members are representatives from commercial banks, thrift institutions and credit unions with assets under $10 billion and headquartered in the Second District (New York, Northern New Jersey, Fairfield County Connecticut, Puerto Rico and the US. Virgin Islands). The purpose of the council is to provide information and insight to the New York Fed from the perspective of community depository institutions.

The New York Fed president and first vice president meet with the council twice a year to discuss regional economic and financial conditions, and other issues confronting community depository institutions.

The following is a list of new council members:

  • Lourdes Cortez, president and chief executive officer of North Jersey Federal Credit Union, Totowa, NJ 
  • Reyno A. Giallongo, Jr., chairman and chief executive officer of First County Bank, Stamford, CT
  • Christopher Martin, chairman, president and chief executive officer of The Provident Bank and Provident Financial Services Inc., Jersey City, NJ
  • Tyrone Muse, president and chief executive officer of Visions Federal Credit Union, Endicott, NY

The new council members are replacing members who left or completed terms at the end of 2015, and will serve a three year term. 

For more information, including a list of the full membership, visit:
Community Depository Institutions Advisory Council »

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