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News and Press

​Board Member Fryzel News Stories - 2008

  
  
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Fryzel Welcomes Pennsylvania Credit Union League Officials12/23/2008
Chairman Michael E. Fryzel welcomed Jim McCormack, President/CEO and Rick Wargo Jr., Executive Vice President from the Pennsylvania Credit Union League to NCUA headquarters in Alexandria, Va., last week.
Fryzel Meets With Realtors FCU Principals12/22/2008
Chairman Michael E. Fryzel welcomed representatives from the newly-formed Realtors Federal Credit Union to NCUA headquarters in Alexandria, VA last week.
Fryzel Issues Webcast on NCUA Initiatives12/16/2008
NCUA Chairman Michael E. Fryzel today issued a webcast recapping NCUA initiatives since August and addressing new programs such as CU HARP and CU SIP.
NCUA Webcast Details CU HARP, CU SIP12/16/2008
NCUA Chairman Michael E. Fryzel introduced a 1 ½ hour audio webcast that attracted over 1,400 participants today, detailing the Credit Union Homeowners Affordability Relief Program (CU HARP) and Credit Union System Investment Program (CU SIP).
Fryzel Unveils Homeowners and Credit Union Assistance Programs12/9/2008
NCUA Chairman Michael E. Fryzel today provided details on the Credit Union Homeowners Affordability Relief Program (CU HARP), unveiled in November, and a complementary program to provide contingent liquidity for the credit union system
Fryzel to Appear on CNBC and Fox Business Network Today12/9/2008
National Credit Union Administration (NCUA) Chairman Michael E. Fryzel will appear today, December 9th, on the CNBC and Fox Business Network.
Fryzel Unveils Homeowners and Credit Union Assistance Programs12/9/2008
NCUA Chairman Michael E. Fryzel today provided details on the Credit Union Homeowners Affordability Relief Program (CU HARP), unveiled in November, and a complementary program to provide contingent liquidity for the credit union system
Fryzel Outlines NCUA Actions, Sounds Proactive Note11/25/2008
NCUA Chairman Michael E. Fryzel touted NCUA's efforts to assist credit unions during the recent market turbulence, including his recently-approved 12 month examination program, during remarks Friday to an Illinois credit union gathering.
Fryzel Emphasizes Proactivity, Member Service to MD/DC Chapter11/19/2008
National Credit Union Administration Chairman Michael E. Fryzel last Thursday addressed the importance of continued regulatory proactivity to over 80 credit union officials at the Maryland and DC Credit Union League’s Suburban Chapter Meeting.
Fryzel to Congress: NCUA Ready to Help with Assets11/19/2008
National Credit Union Administration Chairman Michael E. Fryzel today called upon Congress to encourage Treasury to equip NCUA with additional flexibility in dealing with troubled assets in the credit union industry.
Fryzel Announces Mortgage Relief Program for Consumers11/18/2008
National Credit Union Administration Chairman Michael E. Fryzel today unveiled a new initiative aimed at assisting credit union members who are experiencing mortgage-related financial difficulties to preserve their homeownership.
Fryzel Emphasizes Safety and Soundness, Member Protection to California/Nevada Leagues11/17/2008
NCUA Chairman Michael E. Fryzel last Thursday sounded a strong call to for regulatory proactivity and focus on credit union members during remarks to the California/Nevada Credit Union League’s Annual Meeting and Convention in San Francisco, CA.
Fryzel Urges Paulson To Reconsider TARP11/13/2008
National Credit Union Administration Chairman Michael E. Fryzel today called upon Treasury Secretary Henry M. Paulson to reconsider the announced reversal of the asset purchase function of the Troubled Assets Relief Program (TARP).
NCUA Today Charters Federal Credit Union to Serve National Association of Realtors11/7/2008
NCUA Chairman Michael E. Fryzel announced that Realtors Federal Credit Union (FCU), headquartered in Rockville, Maryland, was chartered today to serve members and employees of the National Association of Realtors.
Fryzel Visits Student CU Branch11/6/2008
NCUA Chairman Michael E. Fryzel toured Regional Federal Credit Union and its student branch at Morton High School in Hammond, IN Tuesday.
Fryzel Announces Initiatives to Improve Supervision, Centralize Chartering Process10/30/2008
National Credit Union Administration Chairman Michael E. Fryzel announced two significant initiatives during today’s annual NCUA Budget Briefing and Public Forum designed to enhance supervisory oversight of federally insured credit unions
Fryzel Visits Acceso FCU10/24/2008
National Credit Union Administration (NCUA) Chairman Michael E. Fryzel visited Acceso Federal Credit Union in Washington, DC Wednesday, in conjunction with Hispanic Heritage Month.
NCUA Seeks Non-Interest Account Coverage for Credit Unions10/23/2008
National Credit Union Administration Chairman Michael E. Fryzel has requested credit union inclusion in Treasury Department’s recently expanded deposit insurance coverage of non-interest bearing deposit accounts.
Chairman Fryzel Visits Signal Financial FCU Branch10/21/2008
NCUA Chairman Michael E. Fryzel visited Signal Financial Federal Credit Union in Washington, D.C., October 15, 2008, to help celebrate the recent opening of a new branch office in a low-income neighborhood near Capitol Hill.
CLF Available to Meet Liquidity Needs10/20/2008
NCUA Chairman Michael E. Fryzel issued a Letter to Credit Unions Friday, October 17,reminding credit unions that the Central Liquidity Facility (CLF) is available as a source of contingent liquidity during the current market turbulence.
Chairman Fryzel Meets with NASCUS Officials10/17/2008
NCUA Chairman Michael E. Fryzel welcomed National Association of State Credit Union Supervisors President Mary Martha Fortney; North Carolina Regulator Jerrie Lattimore and Georgia Regulator George Reynolds to NCUA headquarters this week.
Fryzel Welcomes GTE Federal CEO to NCUA10/15/2008
National Credit Union Administration (NCUA) Chairman Michael E. Fryzel recently welcomed former NCUA General Counsel, and current GTE Federal Credit Union CEO Wendell (Bucky) Sebastian to NCUA headquarters.
Fryzel Meets with Housing and Finance Board Member Geoff Bacino10/14/2008
National Credit Union Administration (NCUA) Chairman Michael E. Fryzel welcomed Housing and Finance Board Member Geoff Bacino to NCUA headquarters recently.
Fryzel Appears on Fox Business Network10/14/2008
National Credit Union Administration (NCUA) Chairman Michael E. Fryzel told viewers today on Fox Business Network’s "Money for Breakfast" with Alexis Glick, that the nation’s credit unions are a safe, secure source for loans and savings.
Fryzel to Appear on Fox Business Network10/10/2008
National Credit Union Administration (NCUA) Chairman Michael E. Fryzel will appear Tuesday, October 14 on the Fox Business Network’s “Money for Breakfast” program.
Chairman Fryzel Statement On Passage Of The Emergency Economic Stabilization Act10/3/2008
"Today’s passage of the Emergency Economic Stabilization Act is the culmination of a month-long series of significant and beneficial legislative changes for credit unions."
Chairman Fryzel Statement On Senate Passage Of Share Insurance Increase10/2/2008
NCUA Chairman Michael E. Fryzel expressed his appreciation today for key provisions of the compromise economic stabilization legislation approved by the U.S. Senate yesterday evening.
Fryzel Meets with Navy Federal CEO Cutler Dawson10/1/2008
National Credit Union Administration (NCUA) Chairman Michael E. Fryzel welcomed Navy Federal Credit Union President/CEO Cutler Dawson to NCUA headquarters today.
Fryzel Meets with Defense Credit Union Council President/CEO Arty Arteaga10/1/2008
National Credit Union Administration (NCUA) Chairman Michael E. Fryzel welcomed Defense Credit Union Council’s President/CEO Arty Arteaga to NCUA headquarters yesterday.
Chairman Fryzel Expresses Support for Insurance Coverage Increase9/30/2008
NCUA Chairman Michael E. Fryzel today voiced support for an increase in insurance limits for accounts backed by both the National Credit Union Share Insurance Fund (NCUSIF) and the Federal Deposit Insurance Corporation (FDIC).
Fryzel Tours South Side Community Federal Credit Union9/29/2008
National Credit Union Administration (NCUA) Chairman Michael E. Fryzel toured South Side Community Federal Credit Union in Chicago today.
Fryzel Statement on the Congressional Increase in the CLF Lending Limit9/27/2008
"I am extremely pleased that Congress has responded favorably to our request that NCUA be given authority to lend to its statutorily set Central Liquidity Facility loan level, which is now $41 billion," NCUA Chairman Michael E. Fryzel stated.
Fryzel Continues Credit Union Delegation Meetings9/25/2008
NCUA Chairman Michael E. Fryzel met this week with delegations from the Wisconsin, Georgia, Ohio and Oregon credit union leagues, continuing his encouragement of involvement in the governmental affairs process on the part of credit union
Fryzel Welcomes Credit Union Service Providers9/23/2008
National Credit Union Administration (NCUA) Chairman Michael E. Fryzel welcomed Stan Hollen, CEO of the CO-OP Network and Carroll Beach, President of the Credit Union Services Corporation to NCUA headquarters today.
NCUA Welcomes Illinois Credit Union and League Representatives9/19/2008
NCUA Chairman Michael E. Fryzel and Board Member Gigi Hyland welcomed 15 Illinois Credit Union and League representatives to Alexandria today, and encouraged continued activism and involvement in the governmental affairs process.
Fryzel Signals Strong, Assertive Approach at NAFCU Conference9/17/2008
NCUA Chairman Michael E. Fryzel today in a major address to the National Association of Federal Credit Unions announced his intent to take strong and decisive steps to preserve confidence in the credit union industry.
Fryzel Welcomes Kentucky Credit Union Delegation9/15/2008
National Credit Union Administration (NCUA) Chairman Michael E. Fryzel welcomed 25 Kentucky credit union and League representatives to Alexandria Thursday, and encouraged continued activism and involvement in the governmental affairs process.
Fryzel Meets With Filene Institute Director9/11/2008
National Credit Union Administration (NCUA) Chairman Michael E. Fryzel met yesterday with Ben Rogers, the Filene Research Institution’s CU Tomorrow project leader and director of the Institute’s 30 Under 30 group.
Fryzel Tours Illinois Credit Unions9/5/2008
National Credit Union Administration (NCUA) Chairman Michael E. Fryzel this week continued his outreach to the credit union industry by touring Selfreliance Ukrainian American Federal Credit Union and North Side Community Federal Credit Union in Chicago.
Fryzel Meets With the Illinois State Regulator9/4/2008
National Credit Union Administration (NCUA) Chairman Michael E. Fryzel met today with Illinois Division of Financial Institutions (DFI) Director Robert E. Meza in Chicago. lll.
Fryzel Appoints Sarah D. Vega Chief of Staff9/3/2008
National Credit Union Administration Chairman Michael E. Fryzel has announced the appointment of Sarah D. Vega, of Chicago, Illinois, as Chief of Staff and Senior Policy Advisor to the Chairman effective September 10, 2008.
Fryzel Tours State Department Federal Credit Union8/28/2008
National Credit Union Administration (NCUA) Chairman Michael E. Fryzel toured and became a member of State Department Federal Credit Union during his visit of the credit union’s headquarters in Alexandria, VA.
Fryzel Welcomes NASCUS CEO to NCUA8/28/2008
National Credit Union Administration (NCUA) Chairman Michael E. Fryzel welcomed National Association of State Credit Union Supervisors (NASCUS President Mary Martha Fortney today at NCUA headquarters.
Fryzel Welcomes NAFCU CEO to NCUA8/28/2008
National Credit Union Administration (NCUA) Chairman Michael E. Fryzel welcomed National Association of Federal Credit Union (NAFCU) President Fred R. Becker Jr. for their initial meeting today at NCUA headquarters.
Fryzel Welcomes American Share Insurance Representatives to NCUA8/27/2008
National Credit Union Administration (NCUA) Chairman Michael E. Fryzel welcomed American Share Insurance (ASI) President Dennis Adams and Executive Vice President Duane Welsh today at NCUA headquarters in Alexandria.
Fryzel Welcomes Community Development Leader to NCUA8/26/2008
National Credit Union Administration (NCUA) Chairman Michael E. Fryzel met today with National Federation of Community Development President Clifford N. Rosenthal today at the NCUA Central office in Alexandria, VA.
Fryzel To NASCUS Summit: My Commitment Is A Partnership8/21/2008
National Credit Union Administration (NCUA) Chairman Michael E. Fryzel today delivered a message of cooperation and strong regulatory oversight to the National Association of State Credit Union Supervisors 2008 Summit in Seattle, Washington.
Fryzel Welcomes CUNA CEO to NCUA8/11/2008
National Credit Union Administration (NCUA) Chairman Michael E. Fryzel held his initial meeting with Credit Union National Association (CUNA) President Daniel A. Mica today at NCUA headquarters in Alexandria.
NCUA Hosts NASCUS New Commissioners8/7/2008
NCUA Chairman Michael E. Fryzel and Board Member Gigi Hyland, Board Representative to NASCUS, welcomed newly appointed state credit union commissioners and  representatives of the National Association of State Credit Union Supervisors.
Michael E. Fryzel Sworn-in as NCUA Chairman7/29/2008
Michael E. Fryzel became Chairman of the National Credit Union Administration today in Chicago, Ill. The Honorable Lee Preston, Judge of the Cook County Circuit Court and longtime friend of Chairman Fryzel, administered the oath of office at noon CDT.
Fryzel Continues Transition, Meets with Johnson7/15/2008
NCUA Board Chairman Designate Michael E. Fryzel met with Chairman JoAnn Johnson and senior NCUA staff during a two-day visit to Washington July 15-16, as part of his preparation for assumption of the NCUA Chairmanship later this month.
Statement of Michael E. Fryzel RegardingHis Assumption of the NCUA Chairmanship7/7/2008
"I will take the oath of office and assume the duties of Chairman of the National Credit Union Administration at the end of July."
Fryzel Nomination Confirmed by the U.S. Senate6/27/2008
NCUA Board nominee Michael E. Fryzel was confirmed today by the U.S. Senate to a seat on the NCUA three-member Board. As the NCUA chairman designee, he will replace Chairman JoAnn Johnson, whose term expired August 12, 2007.
Statement by Incoming Chairman Michael E. Fryzel6/27/2008
"As with the President’s decision to nominate me to the Board of the National Credit Union Administration and confer the high honor of Chairman, I am deeply honored by my U.S. Senate confirmation."
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