WASHINGTON – The Senate voted this afternoon to confirm Michael Fryzel as the new chairman of the NCUA Board.
Fryzel, the former state regulator in Illinois, will succeed JoAnn Johnson as head ot the three-member Board as soon as he moves to Washington.
In a brief statement, Fryzel said, " 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."
"I congratulate incoming Chairman Fryzel on his confirmation by the U.S. Senate and extend every good wish for his tenure," said Johnson. "NCUA has benefited from strong, forward-looking and practical leadership over the years, and I am confident that Mr. Fryzel will continue that tradition. I stand ready to assist Mr. Fryzel in the transition, and eagerly anticipate my return to my family, and my roots, in Iowa."
