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News Now

Washington
Fryzel notes agency Hill agenda
WASHINGTON (3/12/09)—At a state and federal credit union regulators’ annual meeting this week, National Credit Union Administration (NCUA) Chairman Michael Fryzel said his agency continues to seek from Congress “all necessary tools for to deal with the stresses on the credit union industry.” Fryzel was addressing the annual NCUA/National Association of State Credit Union Supervisors (NASCUS) three-day National Regulators Conference in Chicago, Ill. He said his agency has been pressing its case for increased borrowing authority for the National Credit Union Share Insurance Fund, as well as an extension of the premium repayment period, with federal lawmakers. “Now, more than ever, credible, straightforward and level-headed approaches to Congress are essential. Neither NCUA nor the industry can afford to mischaracterize the situation facing credit unions. There are problems in the industry, but there are also solutions if we work together,” Fryzel told the gathering. A NASCUS release noted that nearly 80 state regulators attended the meeting with NCUA board members, regional directors and staff, and NASCUS representatives.


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