CHARLESTON, S.C. —The Board of Directors of the Federal Reserve Bank of Richmond (“Richmond Fed”) appointed Bernie Mazyck, President & CEO of the South Carolina Association for Community Economic Development (SCACED), as Chair of the Federal Reserve Bank of Richmond’s Charlotte Board on December 8, 2022.
Mazyck has served on the Federal Reserve of Richmond’s Charlotte Board since 2019 and is currently on his second three-year term. He’ll serve as Chair of the Charlotte Board for a one-year term through the end of 2023. Mazyck also previously served on the Federal Reserve of Richmond’s Community Development Advisory Council.
Part of the nation’s central bank, The Federal Reserve Bank of Richmond is one of 12 regional Reserve Banks working together with the Board of Governors to support a healthy economy and deliver on their mission to foster economic stability and strength. The Richmond Fed connects with community and business leaders across the Fifth Federal Reserve District — including the Carolinas, District of Columbia, Maryland, Virginia, and most of West Virginia — to monitor economic conditions, address issues facing our communities, and share this information with monetary and financial policymakers.
Mazyck has served as the first president and chief executive officer of SCACED since 1998. Under his leadership, the association has grown to represent over 160 member organizations, helping more than 2,000 South Carolina families purchase their first home; CED organizations create over 6,000 jobs; and help thousands of poor families build wealth in rural and distressed communities. For his work, Mazyck was awarded the 2014 Order of the Palmetto, the state’s highest civilian honor, for service to the state.
About SCACED (www.scaced.org)
SCACED is a coalition of over 170 individuals and organizations who support the development of healthy and economically sustainable communities throughout South Carolina. For over 25 years, SCACED and its members have worked collaboratively to build wealth and create economic opportunity for all SC residents including a focus on minority communities and other groups who have been left out of the economic mainstream.
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