WASHINGTON — The Senate Banking Committee has scheduled its long-awaited hearing on lawyer and former financial institutions regulator Michael E. Fryzel's nomination as NCUA Board chairman for next Tuesday.
Fryzel, a former director of the Illinois Department of Financial Institutions, would serve on the board through 2013 though each president gets to choose his or her own chairman. He would succeed Chairman JoAnn Johnson, whose term expired last
August, but has stayed on pending the confirmation of a new chairman.
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Fryzel has had extensive experience dealing with credit unions both while in government and in private practice, since leaving state government in 1989. He has represented numerous state and federal chartered credit unions and was the legal counsel for the Midwest Association of Credit Unions before it merged with the Illinois Credit Union League.
Bush nominated Fryzel to the position in December.
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