Media Advisory

Fryzel Meets with Housing and Finance Board Member Geoff Bacino

October 14, 2008, Alexandria, Va. – National Credit Union Administration (NCUA) Chairman Michael E. Fryzel welcomed Housing and Finance Board Member Geoff Bacino to NCUA headquarters recently.

“I welcome former NCUA Board Member Geoff Bacino to NCUA as a fellow regulator responsible for oversight of the Nation’s Federal Home Loan Banks. Mr. Bacino and I share not only an Illinois background but also a regulators perspective, given his former and my current service on the NCUA Board,” noted Chairman Fryzel.

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.