BOSTON (August 2, 2013) – Speaking to more than 200 credit union league presidents, chairmen and government affairs professionals, National Credit Union Administration Board Member Michael E. Fryzel provided an update today about the agency’s priorities and the current environment.
During his remarks before the American Association of Credit Union Leagues’ 2013 summer meeting, Board Member Fryzel spoke about:
- Corporate credit unions and the restructuring of NCUA’s Office of Corporate Credit Unions to the Office of National Examinations and Supervision.
- Natural person credit unions, the overall economy and the challenges that lie ahead.
- Pending and proposed rules, NCUA staff changes and the NCUA regional realignment.
- Pending federal legislation that could affect credit unions.
- The future of credit unions.
Fryzel highlighted the important role credit union leagues play in the credit union industry and urged the leagues to keep working hard to meet the needs of their member credit unions.
“Credit union leagues continue to play a vital role in the credit union industry. I encourage you to continue to strive to ensure that your member credit unions receive first-class information, education and training to, in turn, better serve their members,” Fryzel said.
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 United States, NCUA operates
and manages the National Credit Union Share
Insurance Fund, insuring the deposits of nearly 100
million account holders in all federal credit
unions and the overwhelming majority of
state-chartered credit unions. At
Pocket Cents, NCUA also educates the public on consumer protection and financial literacy issues.