NCUA Figure Added To Housing FinanceBoard

WASHINGTON - (07/28/06) -- The Senate last Wednesday nightconfirmed former NCUA Board member Geoff Bacino to the FederalHousing Finance Board, the regulator for the nation's 12 FederalHome Loan Banks. The long-time credit union figure was confirmedalong with Frederic Mishkin, to the Federal Reserve Board, EdmundMoy as director of the U.S. Mint, and three nominees to theExport-Import Bank. Bacino, currently an executive with CENTRIXFinancial, was among the founders of Callahan & Associates, andformerly served as head of the National Association of StateChartered CUs and of the National Association of Share InsuranceCorporation. The FHLB system has become increasingly important as asource of mortgage funding for credit unions, with more than 1,000credit unions now part of the system.