Chairman JoAnn Johnson News
News and Announcements for Chairman JoAnn Johnson

• Chairman Johnson's Statement Regarding the President's Intent to Nominate Michael E. Fryzel to the NCUA Board
  Alexandria, Va., November 30, 2007 -- NCUA Chairman JoAnn Johnson issued the following statement regarding President Bush's announcement today that he intends to nominate Michael E. Fryzel of Illinois to be a Member of the National Credit Union Administration Board, with a subsequent designation to be Chairperson.
• Chairman Johnson Testifies On Mortgage Reform
  October 24, 2007, Alexandria, Va., -- National Credit Union Administration Chairman JoAnn Johnson testified today before the House Financial Services Committee on mortgage reform. The Legislative Proposals on Reforming Mortgage Practices hearing included three panels -- federal regulators and state banking supervisors, consumer groups, and industry trade associations.
• Chairman Johnson Unveils NCUA Internet Resource Connection
  August 7, 2007, Alexandria, Va. – The National Credit Union Administration (NCUA) has created “The Resource Connection” website as a central location to access and share information on credit union business practices, partnership resources, funding and training opportunities. Access "The Resource Connection" by clicking on the new computer icon located on NCUA's homepage http://www.ncua.gov.
• Media Advisory - Chairman Johnson Establishes Financial Education Library on NCUA Website, Creates Calculator Feature for MyMoney.Gov
  National Credit Union Administration (NCUA) Chairman JoAnn Johnson announced today the availability of a financial education library on the NCUA website.
• NCUA Chairman JoAnn Johnson's Statement on Proposed Capital Reform
  June 21, 2007, Alexandria, VA – Today our Board made explicit NCUA’s support for reforms of the system of prompt corrective action (PCA) and the creation of a risk based capital regime for credit unions. Recognizing that a statutory change is needed before such reforms could be instituted; the NCUA Board took this step as a way to set forth the sound policy rationale for improvements that would enhance the regulatory oversight capability of NCUA while enabling credit unions to better serve their members.
• NCUA Chairman Johnson Testifies Before Congress, Emphasizes Credit Unions Commitment to Consumer Protection
  National Credit Union Administration (NCUA) Chairman JoAnn Johnson testified this morning at a hearing before the U.S. House of Representatives Subcommittee on Financial Institutions and Consumer Credit. Chairman Johnson was invited to share insights regarding the Federal Reserve Board's proposed revisions to Regulation Z, relating to credit card disclosures and other practices; and measures credit card issuers have made or will make to improve consumer protection.
• Media Advisory - Chairman Johnson Encourages Credit Unions to "Get Back to the Future Via the Basics"
  National Credit Union Administration (NCUA) Chairman JoAnn Johnson spoke during the general session of CUNA America's Credit Union Conference and Expo in Las Vegas, NV.
• Media Advisory - Chairman Johnson Praises Commitment to Reaching Underserved At Credit Union Opening
  National Credit Union Administration (NCUA) Chairman JoAnn Johnson participated in the grand opening of the main branch of the Pacoima Development Federal Credit Union, (PDFCU) located in the Northeast San Fernando Valley of California, and consisting of a significant percentage of underserved communities.
• Chairman Johnson Stresses Importance of Financial Education to Local High School Students, Presents President’s Volunteer Service Awards
  April 23, 2007, Alexandria, VA – In recognition of President Bush’s and the United States Congress’ designation of April as “Financial Literacy Month”, National Credit Union Administration (NCUA) Chairman JoAnn Johnson visited Woodbridge Senior High School, in Woodbridge, VA, to emphasize the importance of financial education; demonstrate the www.mymoney.gov website; and present the President’s Volunteer Service Award to dedicated student volunteers.
• Media Release -Chairman Johnson Addresses Wings/Continental Issue
  National Credit Union Administration Chairman JoAnn Johnson will make the following statement concerning the attempted Wings-Continental merger today when addressing the Massachusetts Credit Union Governmental Affairs Day Conference in Boston.
• Media Advisory - NCUA Recommends Preparation for Change in Daylight Savings Time, Issues Letter to Credit Unions
  March 1, 2007, Alexandria, V.a., - National Credit Union Administration (NCUA) JoAnn Johnson has issued a Letter to Credit Unions regarding the upcoming change in schedule for Daylight Savings Time (DST), which in the United States will begin three weeks earlier and end one week later than in previous years. Credit unions may be exposed to a variety of risks if they do not prepare their systems to reflect this change.
• Media Release - NCUA Chairman Johnson to Congress: Credit Unions Reaching Out to ‘Disadvantaged’ Communities
  March 1, 2007, Alexandria, Va.- National Credit Union Administration (NCUA) Chairman JoAnn Johnson testified this morning at a hearing before the U.S. House of Representatives Appropriations Subcommittee on Financial Services and General Government. Chairman Johnson was invited to share insights regarding providing financial services to disadvantaged and underserved communities.
• Media Advisory - Johnson Stresses Change to CUNA Conference Participants
  NCUA Chairman JoAnn Johnson told over 3,000 assembled today at CUNA's Governmental Affairs Conference (GAC) in Washington, D.C., using the words of inventor Charles Kettering, "If you have always done it that way, it is probably wrong."Not advocating a disregard for established practices, precedents and traditions, NCUA is rather evaluating current procedures and considering potential changes in three areas -- Bylaw enforcement, the CAMEL matrix, and Prompt Corrective Action.
• Chairman Johnson's Statement on Resignation of Federal Reserve Board Governor Susan Bies
  Alexandria, Va., February 9, 2007 -- Federal Reserve Board Governor Susan Schmidt Bies brought an extraordinary wealth of experience and operational knowledge to her duties at the Federal Reserve. She translated her private sector experience into tenure on the Federal Reserve Board that had great public benefit and for that we should all be grateful. While I am confident that the Fed will find someone of high caliber to fill this seat, Dr. Bies will be difficult to replace.
• Media Advisory - NCUA Emphasizes Consumer Protection at Event on Capitol Hill
  February 9, 2007, Alexandria, Va. –Representatives from the National Credit Union Administration’s (NCUA) Office of Public and Congressional Affairs answered questions and distributed materials regarding consumer protection to interested Members of Congress and their staff at an event on Capitol Hill yesterday. NCUA was joined by several other federal agencies and consumer groups at the event, which was part of National Consumer Protection Week.
• Media Advisory - Chairman Johnson Statement on National Consumer Protection Week, Feb. 4-10.
  President George W. Bush has proclaimed February 4 through February 10, 2007, as National Consumer Protection Week.
• Media Advisory - Chairman Johnson Observes Hurricane Katrina Recovery Effort in Louisiana, Attends Financial Literacy Graduation
  December 20, 2006, Alexandria, VA – National Credit Union Administration (NCUA) Chairman JoAnn Johnson spent the last three days in Louisiana, traveling through areas recovering from Hurricane Katrina, and meeting with credit unions affected by the storm. Chairman Johnson also attended a financial literacy graduation ceremony.
• Media Advisory - Chairman Johnson Presents Two Volunteers with President’s Call to Service Award
  December 20, 2006, Alexandria, VA – National Credit Union Administration (NCUA) Chairman JoAnn Johnson presented the President’s Call to Service Award to Mr. Kenneth Uffman and Mr. James Moore, during a ceremony at the Credit Union Service Center, located in Bat