The Federal Reserve Bank of St. Louis appointed Liberty Financial President and CEO Bill Schirmer to its Community Depository Institutions Advisory Council for a three-year term starting in 2019.

The council was established by the St. Louis Fed in 2011 and is made up of 12 executives of financial institutions based across the Federal Reserve’s Eighth District. The council meets twice a year in St. Louis to advise President James Bullard on the credit, banking and economic conditions facing their institutions and local communities.

Schirmer will be one of two credit union representatives on the committee, which includes presidents from financial institutions based in Indiana, Kentucky, Illinois, Missouri, Tennessee, Mississippi and Arkansas. Liberty Financial operates a full-service credit union at 544 Lovers Lane in Bowling Green that opened in December.