NCUA Media Advisory

Chairman Fryzel to Testify on Stabilization Reform

May 18, 2009, Alexandria, Va. --  National Credit Union Administration Chairman Michael E Fryzel will testify at a hearing before the House Subcommittee on Financial Institutions and Consumer Credit on H.R. 2351, The Credit Union Share Insurance Stabilization Act at 2 p.m. Wednesday, May 20, 2009, in room 2128 of the Rayburn House Office Building.

The National Credit Union Administration (NCUA) is the independent federal agency that charters and supervises federal credit unions. NCUA, with the backing of the full faith and credit of the U.S. government, operates the National Credit Union Share Insurance Fund (NCUSIF), insuring the deposits of nearly 90 million account holders in all federal credit unions and the vast majority of state-chartered credit unions. NCUA is funded by credit unions, not tax dollars. 

 

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