Skip To Content
Back to News List

ESL Federal Credit Union President & CEO Named to Federal Reserve Board’s Community Depository Institution Advisory Council

Rochester, NY — ESL Federal Credit Union President & CEO Faheem Masood was named to the Federal Reserve Board’s Community Depository Institution Advisory Council (CDIAC) for 2020.

According to the Federal Reserve, “the CDIAC was established in 2010 by the Board of Governors to provide input to the Board on the economy, lending conditions and other issues of interest to community depository institutions.”

Members of the CDIAC are selected from representatives of banks, thrift institutions, and credit unions serving on newly created local advisory councils at the twelve Federal Reserve Banks. One member of each of the Reserve Bank councils is selected to serve on the CDIAC, which meets twice a year with the Board in Washington.

About ESL Federal Credit Union

With 100 years of locally-owned history, ESL Federal Credit Union serves as a full-service financial institution to more than 369,000 members. Founded in 1920, the company provides personal banking, business banking, mortgage services, and wealth management services through its locally-based 22 branch network, telephone, mobile, online and live chat center.

The Rochester-based financial institution employs more than 850 people in in the Greater Rochester area and holds more than $6.8 billion in assets. Since 1996, ESL has paid out 24 consecutive Owners’ Dividends to its members totaling than $150 million. The company has appeared on the Great Place to Work® Best Small & Medium Workplaces list for nine years since 2010. ESL Federal Credit Union is headquartered at 225 Chestnut Street, in Rochester, and can be found online at

Find and connect with ESL on Twitter (@ESLFCU) and

For more information, contact:

Rich Pulvino, APR
Vice President/Director, Corporate Communications