WASHINGTON - President Clinton this week said he intends to nominate Geoff Bacino to the National Credit Union Administration board.
If confirmed he would take the seat now held by Chairman Norman E. D'Amours, whose term expired in August 1999. The White House, however, did not nominate Mr. Bacino for the chairmanship - which requires a separate appointment - and has not indicated whether it would tap him or one of the two current board members to lead the agency.
Mr. Bacino is president of a Washington lobbying and public relations firm, Bacino and Associates. He previously was a lobbyist for the Credit Union National Association and co-founded the National Association of State Chartered Credit Unions. His father, Ted Bacino, was a top NCUA staff member in the early 1980s.
Whether Mr. Bacino will be confirmed is unclear. Senate Banking Committee Chairman Phil Gramm has delayed action on several financial regulatory nominees in this presidential election year. But the President could install Mr. Bacino with a recess appointment.
