Fryzel said he looked forward to working with credit union industry groups on a variety of issues.
"As the regulator charged with ensuring the safety and soundness of the nation's federal credit unions, I appreciate the important role that CUNA and all trade organizations play within the credit union industry," Fryzel said in a statement. "The services offered and training CUNA provides have been an integral part of the federal credit union system since the 1934 inception of both NCUA and CUNA. I look forward to an eventful 2009, as we celebrate 75 years of regulating and serving federally chartered credit unions" Neither NCUA nor CUNA described the details of their conversation.
Fryzel, a former state regulator of credit unions in Illinois, was appointed by
President Bush to fill the seat held by JoAnn Johnson when her term expired. While his term on the board runs through 2013, his tenure as chairman may be short lived since each president has the right to designate his or her own chairman.