THE WHITE HOUSE
Office of the Press Secretary (Camp David, Maryland) ________________________________________________________________________ For Immediate Release July 24, 2000
PRESIDENT CLINTON NAMES GEOFF BACINO AS MEMBER OF THE NATIONAL CREDIT
President Clinton today announced his intent to nominate Geoff Bacino as Member of the National Credit Union Administration (NCUA).
Mr. Geoff Bacino, of Springfield, Virginia, is currently the President of Bacino and Associates, a lobbying and public relations firm. Previously, Mr. Bacino served as a lobbyist for the Credit Union National Association, co-founded the National Association of State Chartered Credit Unions, and served as executive director of the National Association of Share Insurance Corporations.
Mr. Bacino attended the Rock Valley College and received a B.A. degree from the University of Indiana.
Established as an independent agency in 1970, The National Credit Union Administration has three fundamental missions: 1) the regulation of credit unions which choose to be chartered by the Federal Government, known as "federal credit unions"; 2) the furnishing of federal deposit insurance through the National Credit Union Share Insurance Fund (NCUSIF) to all federal credit unions and to those state-chartered credit unions which choose to be federally insured; and, 3) the chartering of new federal credit unions.