X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WASHINGTON — SBA Administrator Steven Preston applauded credit unions for the good work they do and said they are important to the rebuilding of New Orleans businesses and others impacted by Hurricanes Katrina and Rita.

He explained that he has only been on the job seven months, but has completely overhauled the infrastructure of the SBA’s disaster recovery efforts following the twin hurricanes. One hundred thirty-nine credit unions were among those affected in addition to 680,000 members. Since taking over SBA, backlogs for disaster loans have been cut by 90% and SBA loans to minorities are increasing.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

 

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.