CEO Appointed to Federal Reserve Advisory Council
Rodney Showmar appointed to Federal Reserve Bank’s Community Depository Institutions Advisory Council
(LITTLE ROCK, Ark. – February 23, 2023) — Arkansas Federal Credit Union is proud to announce that Rodney Showmar was recently appointed to the Federal Reserve Bank of St. Louis’ Community Depository Institutions Advisory Council (CDIAC).
“I’m honored and humbled to have the opportunity to share insight into the economic concerns and issues impacting not only Arkansas Federal and its members but Arkansans as a whole,” said Rodney Showmar, president and chief executive officer of Arkansas Federal.
In 2011, the Federal Reserve Bank of St. Louis established a Community Depository Institutions Advisory Council (CDIAC) comprised of 12 executives from community financial institutions across the Eighth District. The council meets twice a year at the St. Louis Fed to advise St. Louis Fed President Jim Bullard on the credit, banking and economic conditions facing their institutions and their communities.
Active in the local community and philanthropic activities, Showmar has served as a member of the Little Rock Regional Chamber and North Little Rock Chamber of Commerce Board of Directors, Little Rock Air Force Base Community Council, Chairman of the Board of Directors for the Ronald McDonald House Charities of Arkansas, Junior Achievement of Arkansas Board of Directors, and the Arkansas Credit Union League Board of Directors.
ABOUT ARKANSAS FEDERAL CREDIT UNION
Arkansas Federal Credit Union is the largest credit union and one of the largest financial institutions in Arkansas with more than $2 billion in total assets and more than 400 employees. Arkansas Federal has 20 branches throughout Arkansas, which serve more than 140,000 members. www.afcu.org. #OpenToAllArkansans
Contact: Denise Goforth
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