Saint Louis, MO – Bob McKay, President and CEO, has been appointed to the Federal Reserve Bank of St. Louis’s Community Depository Institutions Advisory Council (CDIAC).
“I am honored to be appointed as a member of the CDIAC, and proud to represent the voices of credit union Members from across the Eighth District,” said McKay. “This is a wonderful opportunity for credit unions to collaboratively work with banks to address economic and financial issues facing the communities we serve.”
Comprised of twelve executives from financial institutions across the Eighth District, each serving a three-year term, the CDIAC shares first-hand insight on the economy, lending conditions, and other issues with the President of the Federal Reserve Bank of St. Louis. The next CDIAC meeting will be held February 24-25 at the Federal Reserve Bank of St. Louis.
McKay, who has served as the President and CEO for Together Credit Union since 2015, is an active member of the credit union community, serving on the Board of Directors for CUDirect, an enterprise lending and technology solutions company, and Heartland Credit Union Association, a trade association helping more than 200 Missouri and Kansas credit unions thrive. Previously, he has served on the boards of the American Credit Union Mortgage Association, Member Loyalty Group, CU Servnet, CUNA Lending Council and the Riverside Foundation.
Before joining Together Credit Union, McKay spent almost 20 years as the Executive Vice President, Chief Operating Officer with Baxter Credit Union, and 11 years with Household Finance Corporation in a wide range of staff and operating responsibilities. He holds a Bachelor’s degree in Economics from Washington University and a Master of Business Administration from the Kellogg Graduate School of Management at Northwestern University. He and his wife, Judy, have two grown daughters.
For more information regarding this announcement, please contact Maria Hasenstab, Federal Reserve Bank of St. Louis, (314) 444-8321 or Julie Linder, Together Credit Union, (573) 268-0639.
About the Credit Union: As a member-owned, community-focused, not-for-profit financial institution, the Credit Union offers a comprehensive list of banking products and financial services at 27 branches nationwide and through 24/7 Member resources and amenities. In addition, Members can access their accounts and perform transactions at more than 5,600 shared branch locations and self-service shared branch express terminals, as well as more than 30,000 surcharge-free ATMs, through the CO-OP Shared Branch Network in all 50 states.
With more than $1.82 billion in total assets and 132,000 members nationwide, Together Credit Union is named a 2019 Best Credit Union in Missouri by Forbes Magazine and ranked as a “Top 150,” credit union in the U.S. The credit union was also chosen as a 2019 Corporate Philanthropy honoree by both the Credit Union National Association and the St. Louis Business Journal.