SEATTLE — Saying he wanted to provide both strong consumer protection and guarantee the safety and soundness of credit unions, NCUA Chairman Michael E. Fryzel told state regulators he wants to work closely with them during his tenure.

"We are linked together with a common responsibility," he told attendees at NASCUS' annual meeting, his first speech since becoming chairman at the end of the August.

"I welcome the opportunity to work with you as partners to help each of us reach greater heights," he said.

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