Michael E. Fryzel

Following the 2016 general election, Fryzel served on election-winner Donald Trump's transition team and developed the Agency Action Plan for the National Credit Union Administration.

[2] Prior to his NCUA service, Fryzel was an attorney in private practice specializing in financial, regulatory and real estate law.

Fryzel holds a Bachelor of Science degree in Business Administration from Valparaiso University where he was a member of Sigma Pi fraternity.

The new program required NCUA to contact all credit unions on a 12-month cycle to prevent the potential of additional losses to the system as a result of failing to find problems and put solutions in place sooner.

[16][17] As Chairman, Fryzel mandated the Federal Credit Union Act and all regulations be applied uniformly across all regional offices to ensure fair and consistent examination and supervision.

In addition, he introduced the National Exam Team[18] to focus on large, troubled credit unions due to their growing complexity and potential risk to the Share Insurance Fund.

A key reason cited for separating consumer protection from other supervision was the prudential financial institution regulators' "potentially conflicting mission to promote safe and sound banking practices."