John Hirabayashi, president and CEO of Jacksonville-based Community First Credit Union, was appointed to the Federal Reserve Bank of Atlanta’s Community Depository Institutions Advisory Council to serve a three-year term that expires in 2025.
The council provides input on the economy, lending conditions and other issues related to community banking.
Because of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, each Federal Reserve District has established a council to systematically include the views of community depository institutions in the policymaking process.
Hirabayashi received a bachelor’s in finance from the University of Colorado at Boulder and an MBA in finance from Virginia Polytechnic Institute and State University.
The news release said he also earned the Chartered Financial Analyst designation and serves on the board of the Jacksonville Public Education Fund and on the executive advisory board of the Jacksonville University Davis College of Business.
Hirabayashi is one of three new council members.
The other two are Harry Allen, co-founder and chief relationship officer of Studio Bank in Nashville, Tennessee, and Robert James II, president and CEO of Carver Financial Corp. and executive vice president of its subsidiary, Carver State Bank in Savannah, Georgia.
The council members meet twice a year.
The Atlanta Fed is a part of the nation’s central banking system, which Congress created in 1913. The Atlanta Fed serves the Sixth Federal Reserve District, which comprises Alabama, Florida, Georgia, and sections of Louisiana, Mississippi, and Tennessee.
Hirabayashi wrapped up his service Dec. 31 on the Atlanta Fed’s Jacksonville Branch board of directors. His first term began Jan. 1, 2016.