Fryzel Confirmed as NCUA Board Chairman
On June 30, the U.S. Senate confirmed Michael Fryzel to replace JoAnn Johnson as chairman of the three-member NCUA board.
In a statement, Fryzel said, “As with the President’s decision to nominate me to the board of the National Credit Union Administration and confer the high honor of Chairman, I am deeply honored by my U.S. Senate’s confirmation. In preparing to assume office, I want to reiterate the priorities stated during my recent Senate Banking hearing: 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. It is my commitment to conduct my chairmanship in that manner.”
Fryzel served at the Illinois Department of Financial Institutions from 1977-1989, heading the agency from 1982-1989. After leaving, Fryzel founded the Law Offices of Michael Fryzel, which specializes in financial regulatory and real estate law. Photograph provided by CUNA.