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News Now

Washington
NCUA hosts new state regulators
ALEXANDRIA, Va. (8/8/08)—National Credit Union Administration (NCUA) Chairman Michael Fryzel and Board Member Gigi Hyland welcomed newly appointed state credit union commissioners and representatives of the National Association of State Credit Union Supervisors (NASCUS) for meetings at NCUA’s headquarters in Alexandria, Va. Among those attending the meeting with Fryzel and Hyland:
* Lorie Hovanec, director, Division of Banking and Securities for the Department of Commerce, Community and Economic Development, Alaska; * Martin Cofsky, deputy Superintendent of banks, New York State Banking Department; * Ken Ross, commissioner, Michigan Office of Financial and Insurance Regulation); * Joseph Garcia, chief of staff to Commissioner Ross; * Jenita Moore, deputy commissioner of policy, Michigan; and * NASCUS President and CEO Mary Martha Fortney.
Hyland is the NCUA board representative to NASCUS. “It is both important and beneficial that federal and state regulators foster open dialogue,” said Fryzel in a press statement released yesterday. “Particularly in these times of heightened attention to the safe and sound operations of financial institutions of all kinds, NCUA and the state regulatory system need to work closer than ever to ensure that we fulfill our responsibilities.”


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