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Fryzel Encourages Defense Credit Unions to Stay True to Their Vision

​Board Member Commends Credit Unions “Serving Those Who Serve”

White Sulphur Springs, W.Va. (Aug. 13, 2013) – National Credit Union Administration Board Member Michael E. Fryzel, speaking today at the Defense Credit Union Council’s 50th Annual Conference, commended the group of more than 400 credit union professionals on 50 years of service and encouraged them to keep their eyes on the future.

“You have continued to offer honest and reliable low-cost financial services with a global reach to reduce the burden borne by the men and woman of our nation’s armed forces,” Fryzel said. “The men and women of the armed forces join your credit unions because they understand value. You must keep up this good work for military members and their families.”

While recounting the economic events of the last five years, reviewing the trials the industry has endured, and praising the council’s 50 years of service, Fryzel encouraged the audience and the industry to “keep thinking long term.”

“For fifty years, the council has been serving those who serve,” Fryzel said. “As you know, the path will not always be smooth, and it may not always be straight, but you and the industry as a whole must hold close to your vision. Keep thinking big, keep thinking long term, and keep your eye on a better future. I commend you on your service and wish you 50 more years of success.”

The Defense Credit Union Council is a non-profit trade organization for credit unions serving the Department of Defense community. The full text of Board Member Fryzel’s address is available online here.

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 and Pocket Cents, NCUA also educates the public on consumer protection and financial literacy issues.


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