WASHINGTON, DC (May 23, 2014) -- National Association of Federal Credit Unions (NAFCU) President and CEO Dan Berger issued the following statement today regarding the president’s nomination of San Antonio Mayor Julian Castro to Secretary of the Department of Housing and Urban Development (HUD):
“NAFCU congratulates Mayor Castro on his nomination,” said Berger. “Upon his confirmation, we look forward to working with Mr. Castro and HUD in continued efforts to advance credit unions’ concerns about housing finance and impacts on their members and communities.”
President Obama also announced his nomination of current HUD Secretary Shaun Donovan to be the new director of the White House Office of Management and Budget.
In April, NAFCU member credit unions attended a roundtable discussion with Donovan to discuss housing finance reform. NAFCU has pressed for small institutions to have equal, competitive access to the secondary mortgage market in any future housing finance system during the ongoing reform debate.
Both Castro and Donovan would need to be confirmed by the Senate before assuming their new positions.
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The National Association of Federal Credit Unions is the only national organization that focuses exclusively on federal issues affecting credit unions, representing its members before the federal government and the public.