NCUA Media Advisory

Fryzel Visits First Trust Credit Union

November 25, 2009, Alexandria, Va. – NCUA Board Member, Michael E. Fryzel recently visited First Trust Credit Union in Valparaiso, Indiana. While there, he had the opportunity to meet with the credit union’s CEO Ronald Budzinski and Board Chairman Arnold Bass along with credit union staff and Indiana Credit Union League President, John McKenzie.

“I find it insightful to discuss the many issues facing credit unions and their members with those who experience them every day” Fryzel stated. “It is important for a federal regulator and insurer to listen to and understand the issues facing all credit unions, state and federally chartered.”

Fryzel said he was pleased with the efforts being made by First Trust in serving their large diverse field of membership and reaching out to the community with school programs and financial education.

Pictured from left to right: Ronald Budzinski, President/CEO, First Trust Credit Union; NCUA Board Member, Michael E. Frzyel; Arnold Bass, Chairman of Board, First Trust Credit Union.

First Trust Credit Union is a 77 million dollar institution founded in 1959. Its field of membership includes employees of schools in La Porte and Porter Counties in Indiana along with 60 select employee groups. The credit union has six Indiana branches and multiple ATM 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.

- NCUA -