Office of the Chairman

Statement of NCUA Chairman JoAnn Johnson Regarding The Senate Confirmation of Rodney E. Hood and Christiane Gigi Hyland

Alexandria, VA, November 8, 2005 – National Credit Union Administration (NCUA) Chairman JoAnn Johnson released the following statement today regarding the United States Senate confirmation of Rodney E. Hood and Christiane Gigi Hyland to the NCUA Board.

“The confidence the President and the United States Senate have in Rodney Hood and Gigi Hyland is strongly shared here at NCUA. I appreciate President Bush’s selection of these two outstanding individuals to join the NCUA Board. The extensive experience that Rodney Hood will bring to the agency as it relates to financial services and his experience in working to make an “ownership society” a reality for millions of Americans will be a tremendous asset to the NCUA and America’s credit unions. Having the Board at full complement with someone of Gigi’s professional background in credit union regulation and operations will be invaluable as we focus on the safety and soundness of the nation’s credit unions. I look forward to a good working relationship with them as we maintain a safe and sound regulatory environment and empower credit unions to serve Americans from all walks of life.”

-NCUA Chairman JoAnn Johnson

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