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Fryzel Johnson work through transition
National Credit Union Administration (NCUA) Board Chairman Designate Michael E. Fryzel (left) and Chairman JoAnn Johnson. (Photo provided by NCUA) Click for larger view
ALEXANDRIA, Va. (7/16/08)--National Credit Union Administration (NCUA) Board Chairman Designate Michael E. Fryzel met with Chairman JoAnn Johnson and senior NCUA staff during a two-day visit to Washington July 15-16, as part of his preparation for assumption of the NCUA Chairmanship later this month. "Chairman Johnson and I had an excellent discussion," said Fryzel. "It was a very useful opportunity to draw on her knowledge and experience, and she continues to be extraordinarily helpful and gracious during this transition. That discussion, along with numerous other meetings I had during my visit, will no doubt prove beneficial when I commence service as NCUA Chairman." Fryzel last month reiterated his priorities as NCUA chairman: “vigilant and thorough supervision, emphasis on safety and soundness, and dedication to protecting the consumer.” “The credit union industry, now entering its second century, has proven itself valuable to America's consumers and as such has a right to expect fair, consistent, common-sense regulation,” he said. “It is my commitment to conduct my chairmanship in that manner."


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