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Neighborhood Credit Union Joins ts Community Depository Institution Advisory Council (CDIAC)

Published March 30, 2021

Earlier this month, the Federal Reserve Bank of Dallas announced four new members to its Community Depository Institution Advisory Council (CDIAC).   

Neighborhood Credit Union’s very own Carolyn Jordan, Senior Vice President of Remote Services and Development, has joined the council. With more than three decades of financial industry experience, Ms. Jordan is well respected by her peers on the local, state, and national levels.   

With representatives from different financial institutes that vary in size within the Eleventh District (Texas, northern Louisiana, and southern New Mexico), the mission of CDIAC is to elevate communication between bankers within the community. Members are handpicked from representatives of banks, thrift institutions, and credit unions serving on newly created local advisory councils at the twelve Federal Reserve Banks. Those serving on the council will listen within the communities they serve over topics such as economic and banking conditions, policies, and payment issues. The council will then notify the Federal Reserve of what they learn.   

Since 2010, CDIAC's purpose is to provide input to the Board of Governors on topics such as the economy, lending conditions, and other issues of interest to the industry’s local community. One member of each of the Federal Reserve Bank’s councils is selected to serve on CDIAC, and they will meet twice a year with the Board in Washington. 

The Federal Reserve Bank of Dallas works to promote a strong financial system and healthy economy in the Eleventh Federal Reserve District. They work for and with the people of each district to build a tailored, healthy economy 

The responsibilities of the Federal Reserve Bank of Dallas are wide-ranging, including conducting economic research and gathering perspectives from their region to share in national conversations about monetary policy. They work with the government, the financial industry, and the community to ensure their banking system is safe, accessible, and secure. They help maintain a reliable supply of cash, support digital payments, and work with community partners to ensure that all people in our local district have opportunities to build a bright economic future.  

The Federal Reserve Bank of Dallas's success depends on actively connecting with the people and communities they serve. 

About Neighborhood Credit Union 

Neighborhood Credit Union is the oldest credit union in Dallas, it is a member-owned, not-for-profit financial organization currently serving people across Texas. Neighborhood Credit Union has a membership of over 56,000 and continues to welcome new members daily. 

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