NCUA Board Member Michael Fryzel commended the African-American Credit Union Coalition’s service to others, dedication and commitment to the credit union philosophy Friday during a general session address at the group’s 14th Annual Conference in Charleston, S.C.
“Credit unions need to continue to provide financial services to low-income individuals,” Fryzel said. “The work you already do to reach minorities and the underserved is admirable. Your goals and objectives of increasing the number of minorities in the credit union industry along with your outreach of the credit union movement in African countries and in the United States through credit union mentoring, providing scholarship programs and educational opportunities are important efforts as economic struggles abound.”
Fryzel concluded his remarks with his standing call to action for credit unions. “Use the credit union philosophy to bring America back home to its tried and tested values of work, achievement and helping others,” he said.
The African-American Credit Union Coalition is a nonprofit organization of African-American and African descent professionals and volunteers in the credit union movement. The coalition’s annual conference continues through Saturday.
The full text of Board Member Fryzel’s address is available online.