August 24, 2014

Fryzel praised for service at NCUA

Aug. 1, 2014 – NCUA Board Member Mike Fryzel received plaudits from his board colleagues Thursday following the close of the day's open board meeting – the last he will participate in as a member of that regulatory body.

Fryzel also took the opportunity to thank the agency's staff and the credit union community for their support and guidance during his time on the board.

Fryzel joined the board in 2008 as its chairman. He pressed for legislation that helped open the door to the agency's corporate resolution program on the heels of the financial downturn.

During Thursday's meeting, NCUA Board Chairman Debbie Matz thanked Fryzel for his early work on the resolution effort and for his ongoing support throughout her chairmanship. Board Member Rick Metsger, who joined the board last year, praised Fryzel for his commitment to his role as a regulator and steward of the funds credit unions provide to support agency activities.

NAFCU President and CEO Dan Berger extended good wishes to Fryzel. "NAFCU appreciates Mr. Fryzel's focus on effective, not excessive, regulation and thanks him for his efforts to ensure the best use of credit union dollars provided to support NCUA's operation," Berger said. "We wish him the very best."

Fryzel has served for a full year past his official term, which ended last Aug. 2. He will be succeeded by Mark McWatters, who is expected to be sworn in soon.