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THE WHITE HOUSE

Office of the Press Secretary

For Immediate Release December 29, 2000

PRESIDENT CLINTON NAMES GEOFF BACINO AS A MEMBER OF THE NATIONAL CREDIT

UNION ADMINISTRATION

President Clinton today announced the recess appointment of Geoff Bacino as a member of the National Credit Union Administration (NCUA). Mr. Bacino was nominated to the Senate on July 26, 2000.

Mr. Geoff Bacino, of Springfield, Virginia, is currently the President of Bacino and Associates, a lobbying and public relations firm. Previously, Mr. Bacino was a lobbyist for the Credit Union National Association. He 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 Rock Valley College, and received a B.A. from the University of Indiana.

Established as an independent agency in 1970, NCUA has three fundamental missions: regulation of credit unions, which choose to be chartered by the Federal Government; furnishing federal deposit insurance through the National Credit Union Share Insurance Fund to all federal credit unions and to state-chartered credit unions which choose to be federally insured; and, chartering new federal credit unions.

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