WASHINGTON - Before turning over the reins of power, President Clinton is expected to promote Yolanda T. Wheat, a Democrat, to chairman of the National Credit Union Administration.

A board member since April 1996, Ms. Wheat would succeed Norman E. D'Amours, who resigned Thursday after seven years as chairman. Mr. D'Amours' term officially ended in August 1999, but he stayed on because the Senate did not confirm a successor.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.