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Federal Reserve Bank Names New Members of the Credit Union Council

For release: August 29, 2001
Contact: Marilyn Wimp (215) 574-4197

The Federal Reserve Bank of Philadelphia has selected several business leaders to serve on its Credit Union Advisory Council. Council members advise the Federal Reserve on regional business conditions and issues that impact the marketplace. The three-year term starts in 2001.

Lee T. MacMinn, president and chief operating officer of Freedom Credit Union in Philadelphia, has been named chairman for the advisory council. MacMinn is a former vice president of the Philadelphia Federal Credit Union and is now serving as director of the Pennsylvania Credit Union Foundation. He received his bachelor's degree from the Wharton School of the University of Pennsylvania. MacMinn earned his MBA from Saint Joseph's University in Philadelphia.

Paula Albanese, president of Diamond State Federal Credit Union in New Castle, Del., is among the newest members of the Credit Union Advisory Council. Albanese is chairperson of the Human Resources Council for the Delaware Credit Union League. She graduated from Brandywine High School in New Castle County and attended leadership and development courses at the University of Delaware.

Barbara Arrowsmith, manager of the New Castle County Delaware Employees Federal Credit Union in New Castle, Del., was named to the advisory council. She graduated from Thiel College in Greenville, Pa. and is serving as president of the Capital Area Compliance Roundtable.

John LaRosa, chief operating officer and treasurer of the Police and Fire Federal Credit Union in Philadelphia, Pa., was selected to serve on the credit union council. LaRosa, a graduate of Drexel University and Loyola College, serves on the Board of Trustees for Drexel University and for MCP Hahnemann.

Judi Supplee, president and chief executive officer of Keystone Federal Credit Union in Downingtown, Pa., is among the newest members of the council. Supplee has been a member of the Credit Union Executives Society since 1992 and is currently the vice president on the board of directors for the Lan-Chester Chapter of Credit Unions.

James F. McCaw, chief executive officer of American Pioneer Federal Credit Union in Philadelphia, was also named to serve on the advisory council. McCaw is a member of the Credit Union Executives Society and the National Association of Federal Credit Unions. He earned both his undergraduate and graduate degrees from LaSalle University in Philadelphia.

The Federal Reserve Bank of Philadelphia serves depository institutions in eastern Pennsylvania, southern New Jersey, and Delaware by supplying cash to these banks, credit unions and thrifts; supervising them, collecting and processing nearly 5 million checks daily; wiring money and securities nationwide; as well as participating in the setting monetary policy.

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