NCUA Media Advisory

Chairman Fryzel Visits State Farm Federal Credit Union

May 28, 2008, Alexandria, Va. – National Credit Union Administration (NCUA) Chairman Michael E. Fryzel yesterday toured State Farm Federal Credit Union in Bloomington, Illinois.

“This credit union exemplifies those that know their members, know their needs and know how to make a difference in their everyday lives,” noted Chairman Fryzel.  “State Farm Federal has been a steady and dependable source of fairly priced, cooperative financial services for nearly 75 years, and I was very impressed by their combination of state of the art products and services, and their personal approach to their members.” 

“It was a pleasure to meet with CEO Tom DeWitt and members of the board and executive staff to discuss the recently-enacted Corporate Stabilization Plan, as well as current trends in the economy and financial services sector. I enjoyed the opportunity to exchange ideas about corporate restructuring as well as listen to the ways State Farm FCU is meeting the needs of its members.”

Jacquie Bristow, Member Services Manager, Mike Mailloux, Board Vice-Chair, Steve Gorrie, Operations Manager,
Tom DeWitt, CEO/President, Michael Fryzel, NCUA Chairman, Laura Haas, Board Chair,  Rob Moser, AVP – HR,
Bob Force, Financial Manager

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 90 million account holders in all federal credit unions and the majority of state-chartered credit unions.

- NCUA -