Lora Benrud Represents Federal Reserve Bank of Minneapolis in Washington, D.C.
Posted: November 29, 2017
WESTconsin Credit Union CEO, Lora Benrud (right) met with Janet Yellen (left),
Chairman of the Federal Reserve Board of Governors (left), during a recent visit
to the Federal Reserve in Washington.
Menomonie, WI—WESTconsin Credit Union’s CEO, Lora Benrud, recently participated in a meeting for the Board of Governors’ Community Depository Institution Advisory Council in Washington, D.C. Members of this council are from financials with total assets of less than $10 billion to provide information, advice, and recommendations from the perspective of community depository institutions.
After serving on the council for two years, Benrud was appointed by the Minneapolis Fed President to serve a 2-year term as chair of the Minneapolis Council representing the Reserve Bank’s Ninth District. The Minneapolis Fed serves the six states of the Ninth Federal Reserve District: Minnesota, Montana, North and South Dakota, 26 counties in northwestern Wisconsin and the Upper Peninsula of Michigan.
At the meeting, Benrud reported on small business lending practices, economic conditions, and regulatory items. She and other District Advisory Council representatives from across the country shared the honor of meeting with Janet Yellen, current Chair of the Board of Governors of the Federal Reserve System.
WESTconsin Credit Union has been serving members since 1939, and membership is open to anyone who lives or works in the Wisconsin counties of Barron, Buffalo, Burnett, Chippewa, Clark, Dunn, Eau Claire, Jackson, Pepin, Pierce, Polk, Rusk, St. Croix, Sawyer, Taylor, Trempealeau, and Washburn, or the Minnesota counties of Anoka, Chisago, Dakota, Goodhue, Isanti, Ramsey, Wabasha, and Washington, with a $5 minimum deposit in a Membership Savings Account. Credit unions are financial institutions owned by their accountholders, and member funds are federally insured by the National Credit Union Administration (NCUA) up to at least $250,000.