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Press Release: Corporate One’s CEO/President Named to Cleveland Federal Reserve Bank’s Community Depository Institutions Advisory Council

COLUMBUS, Ohio— The Federal Reserve Bank of Cleveland announced that Corporate One Federal Credit Union’s CEO/President Lee C. Butke has been named to the Fed Bank’s Community Depository Institutions Advisory Council (CDIAC) for 2017.

The CDIAC provides information and insight to the Cleveland Reserve Bank from the perspective of community depository institutions. Council members meet with senior Bank leaders at least twice yearly. These meetings provide anecdotal information that is useful in the consideration of monetary policy and economic research activities.

“I’m truly excited to receive the honor of serving with such a distinguished group of representatives,” said Lee Butke, CEO/president of Corporate One. “Corporate One aims to be a thought leader in our industry on monetary and economic matters, and I’m looking forward to contributing to the mission and vision of the council.”

The CDIAC is composed of representatives from commercial banks, thrift institutions, and credit unions in the Fourth Federal Reserve District. Along with Butke, CDIAC 2017 members include Marlene Barkeheimer, President/CEO of Farmers State Bank; Robert Burrow, President/CEO of Bayer Heritage Federal Credit Union; Jean Hale, Chair/President/CEO, Community Trust Bancorp Inc.; Mark Klein, Chair/President/CEO of SB Financial Group; Vickie Saint, Chair/President of First-Knox National Bank; Andrew Hasley, President/CEO of Allegheny Valley Bank; Diane Hoops, Chair/President/CEO of Corn City State Bank; John Malanowski, Chair/President of First Federal Savings of Lorain; and T. Michael Price, President/CEO of First Commonwealth Financial Corporation. This is Butke’s second term on the CDIAC.

About Corporate One

Corporate One Federal Credit Union is one of the nation’s largest and most progressive corporate credit unions with more than $3.8 billion in assets and serving more than 800 credit unions nationwide. Corporate One offers credit unions a full menu of payments, investments and funding services to help credit unions grow their bottom line, the foundation of which is The One Account, an integrated cash management solution. For more information, visit www.corporateone.coop.

About the Federal Reserve Bank of Cleveland

The Federal Reserve Bank of Cleveland is one of 12 regional Reserve Banks that along with the Board of Governors in Washington, D.C. comprise the Federal Reserve System. As part of the nation’s central bank, the Cleveland Fed participates in the formulation of US monetary policy, supervises banking organizations, provides payment and other services to financial institutions and the U.S. Treasury, and performs many activities that support Federal Reserve operations System-wide. In addition, the Bank supports the well-being of communities across the Fourth Federal Reserve District through a wide array of research, outreach, and educational activities. For more information, go to www.clevelandfed.org.