(Woodbury, MN – February 19, 2016) Brian Sherrick, President/CEO of Ideal Credit Union, has been appointed to the Federal Reserve Bank of Minneapolis’ Community Depository Institutions Advisory Council (CDIAC). Sherrick will serve a three-year term on the 13-member council, which acts in an advisory capacity not only to the Minneapolis Bank, but also the Board of Governors in Washington, D.C.
Council members provide information, advice, and recommendations from the perspective of community depository institutions. Members are representatives of depository institutions (thrifts, credit unions and banks) in the Ninth District with total assets of less than $10 billion. The chair of the Minneapolis Council represents the Ninth District at meetings of the Board of Governors’ Community Depository Institution Advisory Council in Washington, D.C. Members are appointed by the Minneapolis Fed President.
Prior to his promotion to President in 2012, Sherrick served as Executive Vice President Operations/Lending at Ideal, where he had oversight of mortgages, commercial services, business development, marketing and more. Sherrick also serves as chairman of the Ideal Community Foundation, and sits on the Board of Directors for the Minnesota Credit Union Foundation. He started his career at the credit union in 1984.
“I am honored to be named to this prestigious council and to bring Ideal Credit Union’s perspective and insight to the Ninth District,” said Ideal President/CEO Brian Sherrick. “I look forward to serving in this new capacity and to sharing ideas and engaging with others on issues of importance to our industry and how we operate.”