WASHINGTON — The difficult decisions made by the NCUA and credit unions have paved the way for a future for credit unions that is "even better than their distinguished past."
That was the message NCUA Board Member Michael Fryzel gave during his speech at CUNA's Governmental Affairs Conference.
He said despite the problems facing the economy and some credit unions, the public's support has grown because credit unions "put a premium on helping people."
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But he conceded that many of those credit unions have been angry with his agency.
"Big problems demand bold actions and these are bound to be uncomfortable," he said.
Fryzel said we are "still binding up the horrible wounds of the financial crisis of 2008."
He also suggested that the key to future success is to "be large in head and heart."
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