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News Now

Washington
Fryzel Commends Defense CUs' Good Work
ALEXANDRIA, Va. (8/14/13)--"Keep thinking big, keep thinking long term, and keep your eye on a better future," National Credit Union Administration Board Member Michael Fryzel told the 477 attendees of the Defense Credit Union Council's 50th Annual Conference on Tuesday.

The NCUA official commended the assembled credit union representatives for continuing to offer "honest and reliable low-cost financial services with a global reach" to reduce the burden borne by servicemembers.

"The men and women of the armed forces join your credit unions because they understand value. They understand that, as is their own purpose, you are not seeking profit, but rather working for a higher goal. They understand you are looking to serve them just the way they are looking to serve their country," he said.

"You must keep up this good work for military members and their families," he added.

He also praised DCUC for its 50 years of service, and, encouraging the audience and the industry to "keep thinking long term," wished DCUC "50 more years of success."

"As you know, the path will not always be smooth, and it may not always be straight, but you and the industry as a whole must hold close to your vision," Fryzel added.

The conference also featured remarks from Credit Union National Association President/CEO Bill Cheney, Lieutenant General Kevin Byrnes (R) and keynote speaker Ernest Gregory, former Principal Deputy Assistant Secretary of the Army. Mary Martha Fortney, president/CEO of the National Association of State Credit Union Supervisors, and Congressional Medal of Honor recipient Peter Lemon are also scheduled to speak.

The DCUC conference is scheduled to run through Thursday.
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