WASHINGTON — The Association of Corporate Credit Unions found its new executive director from the corporate credit union ranks. Treasure State Corporate Credit Union President/CEO Brad Miller has been named the new executive director, filling the vacancy left by Mike Canning, who departed last October. Canning held the position for three years. Miller has led the $193 million Treasure State, based in Helena, Mont., for the last four years. He served on the board of the ACCU for the past three years. “I have become pretty familiar with everything going on, on the ACCU side. We've done some really good things over the last few years, specifically with our Compliance Clearinghouse. There are some exciting things we can do to take that to the next level,” said Miller, who spent 12 years with the Federal Reserve. The Compliance Clearinghouse, spearheaded by Canning, serves as a sort of central repository for regulatory knowledge on corporate issues. Corporates agreed to a dues increase in part to help pay for the Compliance Clearinghouse. The ACCU operated on an $800,000 budget in 2006. Miller believes the ACCU can bring value and play a bigger role, but it must be sold to the corporates.

Miller sees a lot of important regulatory issues coming in 2007, notably the potential revisiting of Part 704, NCUA's corporate credit union regulation. Complying with the Bank Secrecy Act, vendor management and risk assessment will also be key areas of regulatory focus.

Miller and his family will relocate from Montana to the D.C. area and Miller will work out of CUNA's D.C. offices. (CUNA has a management agreement with the ACCU.) Miller and his family lived in Minneapolis prior to Montana, so getting back to city life shouldn't be too tough of an adjustment, he said. –[email protected]