Ent CEO named to federal advisory board

A local businessman has been appointed to the Federal Reserve’s recently formed Community Depository Institution Advisory Council.

Charles Emmer, CEO of Ent Federal Credit Union, will serve on the council, providing input to the Federal Reserve Bank of Kansas City. The bank is the regional headquarters of the nation’s central bank, and has branches in Denver, Oklahoma City and Omaha, Neb.

The CDIAC was established last year by the Board of Governors. Unlike the Federal Advisory Council, the CDIAC is not a statutory body, but performs a similar function. One member of each of the 12 Reserve Bank councils is selected to serve on the CDIAC, which will meet twice a year with the Board in Washington D.C.

The Tenth Federal Reserve District includes Colorado, Wyoming,  Nebraska, Kansas, northern New Mexico and western Missouri.

Eleven other representatives from  credit unions, banks and thrift institutions will also serve on the council, which was created to provide community perspectives on lending conditions and the economy within the Tenth Federal district.

Ent is the largest financial institution in Southern Colorado, with $3.1 billion in assets and more than 200,000 members. The credit union has 27 branches throughout Colorado Springs, Denver and Pueblo.