NCUA Media Advisory

Fryzel Meets with Central Credit Union of Illinois

November 12, 2009 Alexandria, Va. – NCUA Board Member, Michael E. Fryzel recently met with CEO Joan Jensen, various board members, and staff members of Central Credit Union of Illinois at the credit union’s headquarters in Bellwood, Illinois.

“I have found that meeting with credit union officials who are hearing the concerns of members on a daily basis is invaluable,” Fryzel noted. “Knowing how credit unions are working to provide financial services in these difficult economic times, helps me as a regulator to appreciate the efforts that are being made.”

Fryzel said he discussed numerous issues with credit union staff and directors including corporates, member business loans, alternative capital, credit card issues, real estate trends and the work going on in Congress relating to regulatory reform and consumer protection.

“Regardless of size, credit unions across this country are staying aware of all the important issues that impact their operations and what they can do for their members. I am encouraged by the involvement of these individuals who truly put helping others first,” Fryzel commented.

Pictured from Left to Right: Robert Santinover, Vice President,Joan Jensen, President and CEO., Board Member Fryzel, Donald Kolkebeck, Chairman of the Board, Natalie Bradford, Vice Chair of the Board, and Richard Vogl, Committee member

Central Credit Union of Illinois is a $78 million institution with three branches serving multiple select employee groups and communities surrounding its locations.

NCUA is the independent federal agency that regulates, charters and supervises federal credit unions. With the backing of the full faith and credit of the U.S. government, NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of nearly 90 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions.

 

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