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ETFCU CEO joins Fed advisory council

The Federal Reserve Bank of St. Louis appointed Evansville Teachers Federal Credit Union President and CEO Bill Schirmer to its Community Depository Institutions Advisory Council 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 is one of two credit union representatives on the committee, which includes presidents from financial institutions based in Indiana, Kentucky, Illinois, Missouri, Tennessee, Mississippi and Arkansas.

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. Since 2012, the credit union’s membership has grown from 62,000 to 207,000 members with assets doubling from $840 million to $1.7 billion.

Schirmer serves on the Board of Directors for the EVSC Foundation and Junior Achievement, and he serves as President of the Board of Directors for Habitat for Humanity of Evansville. He is also on the Advisory Council for the University of Southern Indiana.