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News Now

Washington
CUNA acknowledges Prestons exec skills
WASHINGTON (4/22/08)—The Credit Union National Association (CUNA) said Monday that President George W. Bush’s choice of Steven Preston to be the new leader at the U.S. Department of Housing and Urban Development could bring some key problem solving skills to the agency. Preston, who for two years has been at the head of the U.S. Small Business Administration (SBA), might be able to put those talents to use to help HUD through a troubled time, according to CUNA. The White House last week announced its decision to place Preston in the spot being vacated by Alphonso Jackson. Jackson, whose resignation as HUD secretary was effective Friday, is under criminal investigation because of allegations that he favored friends with contracts at public housing authorities controlled by HUD. CUNA Deputy General Counsel Mary Dunn acknowledged that Preston's background does not include housing issues but commended his fairness and concern for effectiveness while he has been at the SBA. “From all reports, HUD is in need of management skills and we are hopeful he will combine his concern for efficiency with compassion for those who, in this time of mortgage crisis, need housing assistance and related services,” Dunn added.


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