WASHINGTON – Credit unions should use the upcoming economic rebound to find ways to better serve their members, NCUA Board Member Michael Fryzel told NAFCU Congressional Caucus attendees today.

"What lies ahead is an end to this recession. It will be a time when people will be hired, when the economic skies will brighten. We will grow again. As we do, we must find new ways of strengthening our natural person credit unions, bolstering our share insurance fund, and especially rededicating ourselves to our core mission, that of selflessly improving the financial lives of those who chose to join us in membership. It is for these people that we work, and by helping them we help everyone," he said.

He also said he favored expanding the ability of credit unions to do member business lending, as long as they do it in a safe and sound manner, but did not take a position on the legislation pending on the subject on Capitol Hill.