WASHINGTON — NCUA Board Chairman nominee Michael Fryzel promised law makers that he would ensure that there is a "healthy and dynamic, arms length relationship with industry, characterized by active listening, open-mindedness, and willingness to work together to achieve a shared goal of a strong and vibrant credit union industry."
Fryzel, a Chicago financial real estate lawyer and former director of the Illinois Department of Financial Institutions appeared before the Senate Banking Committee. He has been nominated by President Bush to replace Chairman JoAnn Johnson, whose term expired last year.
Fryzel said his top priority as chairman would be to ensure the safety and soundness of credit unions and to be certain that there are strong regulatory controls to ensure that consumers are protected.
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