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Fryzel Updates American Association of Credit Union Leagues on NCUA Priorities

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 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..

--NCUA--

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"