Media Advisory

Fryzel Meets with Navy Federal CEO Cutler Dawson

October 1, 2008, Alexandria, Va. – National Credit Union Administration (NCUA) Chairman Michael E. Fryzel welcomed Navy Federal Credit Union President/CEO Cutler Dawson to NCUA headquarters today.

“Navy Federal Credit Union’ success at serving the members of our armed forces community is well-documented. I was pleased to hear first hand from CEO Cutler Dawson not only about the credit union and its operations, but also about their efforts in providing financial education to their members,” noted Chairman Fryzel. “All credit unions, regardless of size, have a special responsibility to help their members become better consumers of financial services, and I am encouraged that Navy is taking such a proactive role.”

The National Credit Union Administration is the independent federal agency that regulates charters and supervises federal credit unions. NCUA, with the backing of the full faith and credit of the U.S. government, also operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of nearly 89 million account holders in all federal credit unions and the majority of state-chartered credit unions.

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