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NCUA Board Member Michael E. Fryzel's Remarks before Michigan Credit Union League & Affiliates Annual Convention and Exposition

​Thank you Dave for that fine introduction and for the outstanding job you do as CEO of the Michigan Credit Union League. Michigan credit unions have remained strong through this difficult economic period and your leadership of the league continues to provide them with the support services they need. I commend you for your commitment to the success of the industry.

I am pleased to be with you at your annual convention being held at the wonderful Grand Traverse Resort here in the Traverse Bay area of this beautiful state. As many of you know, I am from Chicago and Michigan is where people from Chicago come to escape the crowds of the city and the heat of the summer. There is no better place to be in mid-July than northwestern Michigan.

Across the country, whenever one mentions the state of Michigan, people immediately think of the automobile industry and the struggles it has experienced rather than its lovely beaches, its gorgeous lakes, and its magnificent forests. But those who live and visit here know they are in abundance. Which is why it is not surprising that ABC’s Good Morning America named Sleeping Bear Dunes National Lakeshore the Most Beautiful Place in America. That is quite an honor considering the number of astonishingly gorgeous places in this great nation.
But your role as the Michigan League and Michigan credit unions is not to be tour guides to lakes and forests and beaches. That job is already capably done by Michigan’s tourism office. You are organized to help the citizens of Michigan with their financial well-being...