NCUA News Release

Statement of NCUA Chairman JoAnn Johnson
Regarding The President’s Intention
To Nominate Gigi Hyland To NCUA Board

WASHINGTON, SEPTEMBER 29, 2005 – President George W. Bush announced today that he intends to nominate Gigi Hyland of Virginia to serve as a Member of the National Credit Union Administration (NCUA) Board.

“I welcome the President’s outstanding nomination of Gigi Hyland to the NCUA Board. Gigi will bring a wealth of experience and knowledge of the credit union industry to the NCUA. I know her perspective of America’s credit unions will enhance NCUA’s safety and soundness program, as well as the approach of regulatory flexibility. With the President’s nomination, and upon Senate confirmation, the three-member NCUA Board will return to a full complement. I look forward to working with Gigi in the days ahead.”

-NCUA Chairman JoAnn Johnson