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THE WHITE HOUSE

Office of the Press Secretary

For Immediate Release August 1, 1997

             PRESIDENT CLINTON NAMES DENNIS DOLLAR TO SERVE 
              AS A MEMBER OF THE BOARD OF DIRECTORS OF THE 
                  NATIONAL CREDIT UNION ADMINISTRATION

President Clinton today announced his nomination of Dennis Dollar to serve as a member of the Board of Directors of the National Credit Union Administration.

Mr. Dollar, of Gulfport, Mississippi, is currently president of the Gulfport VA Federal Credit Union. As President, he manages a $30 million institution with over 11,000 members representing over 150 employer groups on the Mississippi Gulf Coast. His credit union was the 1993 recipient of the Harrison County Economic Excellence Award as Outstanding Small Business of the Year. Mr. Dollar was also one of five national finalists for the Most Outstanding CEO of 1994" award given by the Credit Union Times magazine. Mr. Dollar is a former member of the Mississippi House of Representatives. He received a B.A. from the University of Mississippi in 1975.

As a Member of the Board of Directors of the National Credit Union Administration (NCUA), Mr. Dollar will be responsible for regulating, supervising and examining credit unions chartered by the federal government, administering federal deposit insurance to federal credit unions and state-chartered credit unions through the National Credit Union Share Insurance Fund, and chartering new federal credit unions. In addition, he will oversee the management of the Central Liquidity Facility; a mixed ownership government corporation that supplies emergency loans to member credit unions.

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