The president of the industry's largest trade group is denying press reports that he is lobbying President Clinton to demote National Credit Union Administration Chairman Norman E. D'Amours. The March 29 issue of Credit Union Times, a trade weekly, reported that Credit Union National Association President Ralph Swoboda said the association was asking the White House to designate the next NCUA board appointee as the agency's chairman. In an interview, Mr. Swoboda claimed his remarks to the Virginia Credit Union League convention in Williamsburg last month were taken out of context. Mr. Swoboda said that during a question-and-answer session he was asked whether the person chosen to replace director Robert Swan - whose term expires in August - could be named chairman. "I said that was an interesting idea and that it was possible," he said. "But that's not on the table and the likelihood of that happening is just about zero."

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