NCUA CHAIRMAN DENNIS DOLLAR
COMMENDS
DEFENSE CREDIT UNIONS FOR SERVICE TO
AMERICA’S MILITARY FAMILIES
Dublin, Ireland April 28, 2003 — Addressing the 30th Annual
European Defense Credit Union Sub-Council Conference, National Credit
Union Administration Chairman Dennis Dollar commended the defense-oriented
credit unions for their “steadfast support and solid member service
to the men, women, and families of the United States military.”
“Once again, we have seen the ‘best in the world’ United
States military, partnering together with coalition troops from other
committed nations, as defenders of freedom in liberating Iraq and freeing
the world of an aggressive dictator,” said Chairman Dollar. “Americans
from all walks of life have joined in expressing our appreciation for
the sacrifices our military men and women, as well as their families;
have made for the values we support as a nation. The term “support
the troops” has become a part of our nation’s daily lexicon,
but it has become more than words for America’s defense credit
unions. It has been a call to action that is an extension of what you
do each day, both in times of war and in peace time.”
“Your role as the financial partner for these families reflect
the very heartbeat of the credit union philosophy,” Dollar told
the audience. “Not only financial services, but many in the credit
union community sent care packages to the troops and supported your
neighbors and family members involved in the hostilities with great
support and compassion. Your dedication to your members is highly commendable
and I commend you for your commitment.”
“As we look to the future, defense credit unions will continue
to play a vital role in America’s economy and the world’s
stability as your members continue to defend freedom and the values
we hold dear in America,” said Dollar. “If indeed extending
service to more underserved Americans is a key ingredient in NCUA’s
Access Across America initiative, no group of credit unions is more
involved on a daily basis in serving low to moderate income Americans
than are the defense credit unions who are meeting the needs of our
soldiers, sailors, airmen and Marines. I am pleased to have you on
the front lines of meeting these member needs and furthering our objectives
under the banner of Access Across America.”
Credit unions comprised of the European Defense Credit Union Sub-Council
are Andrews Federal Credit Union, Global Credit Union, Keesler
Federal Credit Union, Navy Federal Credit Union, Pentagon Federal Credit
Union, State Department Federal Credit Union, Service Credit Union,
and USA Federal Credit Union. These credit unions have over 3.2
million
members worldwide.
Chairman Dollar was appointed by President George W. Bush on September
13, 2001, to serve as NCUA Chairman for the federal agency that charters,
regulates, and/or insures nearly 10,000 credit unions throughout the
United States and its territories. He had previously served as Acting
Chairman since February 2001 and has served as a Member of the NCUA
Board since 1997.
The National Credit Union Administration, governed by a three-member
board appointed by the President and confirmed by the Senate, 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, operates and manages the National Credit
Union Share Insurance Fund, insuring the deposits of more than 80 million
account holders in all federal credit unions and the overwhelming majority
of state-chartered credit unions.
-NCUA-
|
