WINSTON-SALEM, N.C. — Judy Tharp, CEO of Piedmont Advantage CU here, has been named to the Community Depository Institutions Advisory Council at the Federal Reserve Bank of Richmond.
Tharp's term at the CDIAC will run through mid-2018, and the council advises the Federal Reserve Bank of Richmond's leaders and board of governors about the state of local economies, banking conditions and other issues. Tharp will serve with 11 other council members that meet twice a year representing banks, thrifts and CUs with assets of less than $10 billion.
"Serving in this capacity, providing feedback to the Federal Reserve Bank Board of Governors is a role I take seriously and will also enjoy," Tharp said in a statement. "I believe the creation of the CDIAC in 2010 confirms that the Federal Reserve Bank desires to stay in-tune with what is happening in local economies. I'm proud to provide feedback on behalf of all the communities that Piedmont Advantage Credit Union serves."
Tharp has more than 36 years of experience in the field, and has served as CEO of the $300 million PACU since 2006.