WASHINGTON (6/6/08)—Credit Union National Association (CUNA) President/CEO Dan Mica Thursday called Steven Preston an “effective and fair administrator” and welcomed news of his confirmation as head of the U.S. Department of Housing and Urban Development (HUD). Preston was confirmed late Wednesday by the Senate to serve as HUD secretary. He has served for two years at the head of the U.S. Small Business Administration (SBA). “Administrator Preston listened carefully to credit unions about their hopes for better serving their members while he was at the Small Business Administration,” said Mica. “Having proven himself as an effective and fair administrator in that role, we look forward to working with him in his new position of secretary of the Department of Housing and Urban Development,” the CUNA leader added. President George W. Bush said in a statement, “Steve is a strong leader whose understanding of our financial markets and strong management skills make him highly qualified to serve in this important position. “He will aggressively work to ensure that the department remains focused on its mission of making housing more affordable and helping Americans keep their homes. “Steve is also a consensus builder who will build on our efforts to work with Congress on responsible legislation addressing our Nation’s housing policies.” Former HUD chief Alphonso Jackson', who resigned earlier this year, is under criminal investigation because of allegations that he favored friends with contracts at public housing authorities controlled by HUD.