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News Now

Washington
Fryzel encourages defense CUs leadership
ALEXANDRIA, Va. (8/20/09)--National Credit Union Administration Chairman (NCUA) Michael Fryzel recently noted the defense credit union community’s leadership in combating predatory lending outlets located in close proximity to military bases across the country. Addressing the annual meeting of the Defense Credit Union Council in San Francisco, Fryzel encouraged defense credit unions to continue their strong role. “Defense credit unions have done some of the most effective and impressive work to help keep consumers away from predatory practices, that are in evidence around our nation’s military bases. Your organization has worked with NCUA over the years in supporting changes to the law that help military personnel in this area, and we appreciate your continued support,” Fryzel told attendees. He added, ““I encourage you to continue to point the way for the rest of the credit union industry as we all work together to make sure that consumers continue to have real choices, and are able to get a fair deal in financial services.”


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