Former NCUA Board Member Bacino Named to FHFB, Brings on Lindley
WASHINGTON -- Geoff Bacino, a former NCUA Board member and career credit union person, was named to the Federal Housing Finance Board this year, starting work there July 28.
The Senate confirmed him on July 26, 2006 for the post through Feb. 27, 2013. Bacino is a unique figure having been appointed by two different presidents of two different political parties: first the NCUA Board, given a recess appointment by President Bill Clinton and now the FHFB under President George W. Bush. He participated in his first FHFB meeting Aug. 9. Prior to the FHFB, Bacino served as senior vice president for legislative and regulatory affairs at the now troubled Centrix Financial. Prior to his one-year recess appointment on the NCUA Board, he was the president of Bacino & Associates and had founded the National Association of State Chartered Credit Unions, which later merged with NASCUS. Several years ago he also worked in CUNA's lobbying department.
Shortly after joining the FHFB, Bacino brought on former NASCUS figure Jonathan Lindley as his special assistant. Lindley had held senior positions at NASCUS, CUNA, the National Savings and Loan League, and the Association of Financial Services Holding Companies.
In the public sector, Lindley has served as a deputy assistant secretary in the Economic Development Administration of the Department of Commerce and a professional staff member for the Senate Banking Committee.