Joe Newberry, Redstone Federal Credit Union president and CEO, has been named to the Federal Reserve Bank of Atlanta’s Community Depository Institutions Advisory Council.
The CDIAC was established in 2010 to provide input on the economy, lending conditions and other issues of interest to community financial institutions. The council consists of bankers and industry experts. Newberry will serve a three-year term that expires in 2027.
“I am truly honored to be appointed to the council. This opportunity allows me to represent both Redstone Federal Credit Union and the interests of our community,” Newberry said. “I look forward to collaborating with my fellow council members to address key issues facing financial institutions today.”
Redstone Federal Credit Union has more than $7.72 billion in assets and is the largest member-owned financial institution in Alabama and one of the largest federal credit unions in the nation by assets. Based in Huntsville, Redstone Federal serves more than 809,800 members nationwide.