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Fryzel Visits Whiting Refinery Federal Credit Union

February 22, 2011, Alexandria, Va. – National Credit Union Administration Board Member Michael E. Fryzel recently visited Whiting Refinery Federal Credit Union in Whiting, Indiana.

Fryzel utilized his time at Whiting Refinery to tour the institution and meet with its Manager, Carol Graziani. Whiting Refinery FCU is one of a small group of credit unions chartered in the mid-1930s that still remains in business today.

“As a small credit union with over 75 years of service, Whiting Refinery has been consistent in meeting the needs of its members,” Fryzel stated. “Small credit unions have invariably been of great importance to the credit union industry since it took root in the 1800s providing needed financial services to small groups of individuals.”

“Whiting Refinery exemplifies the reason why credit unions began and they have held true to the philosophy of people helping people,” commented Fryzel. 

Founded in 1935 to serve employees of Standard Oil, Whiting Refinery now serves employees of BP Amoco and employees of the Whiting-Robertsdale Chamber of Commerce of Whiting. Located in quaint downtown Whiting the credit union is able to take advantage of the grass roots of personal members service.



NCUA is the independent federal agency created by the U.S. Congress to regulate, charter and supervise federal credit unions. With the backing of the full faith and credit of the U.S. Government, NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of more than 97 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions. At MyCreditUnion.gov and Pocket Cents, NCUA also educates the public on consumer protection and financial literacy issues..

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National Credit Union Administration

Office of Public & Congressional Affairs

703.518.6330
pacamail@ncua.gov

Contacts:

John Fairbanks
Office: 703.518.6336
jfairbanks@ncua.gov

Ben C. Hardaway
Office: 703.518.6333
Mobile: 703.298.5223 bhardaway@ncua.gov

Kenzie Snowden
Office: 703.518.6334
ksnowden@ncua.gov

"Protecting credit unions and the consumers who own them through effective regulation"