WASHINGTON — The Association of Corporate Credit Unions foundits new executive director from the corporate credit union ranks.Treasure State Corporate Credit Union President/CEO Brad Miller hasbeen named the new executive director, filling the vacancy left byMike Canning, who departed last October. Canning held the positionfor three years. Miller has led the $193 million Treasure State,based in Helena, Mont., for the last four years. He served on theboard of the ACCU for the past three years. “I have become prettyfamiliar with everything going on, on the ACCU side. We've donesome really good things over the last few years, specifically withour Compliance Clearinghouse. There are some exciting things we cando to take that to the next level,” said Miller, who spent 12 yearswith the Federal Reserve. The Compliance Clearinghouse, spearheadedby Canning, serves as a sort of central repository for regulatoryknowledge on corporate issues. Corporates agreed to a dues increasein part to help pay for the Compliance Clearinghouse. The ACCUoperated on an $800,000 budget in 2006. Miller believes the ACCUcan bring value and play a bigger role, but it must be sold to thecorporates.

Miller sees a lot of important regulatory issues coming in 2007,notably the potential revisiting of Part 704, NCUA's corporatecredit union regulation. Complying with the Bank Secrecy Act,vendor management and risk assessment will also be key areas ofregulatory 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 amanagement agreement with the ACCU.) Miller and his family lived inMinneapolis prior to Montana, so getting back to city lifeshouldn't be too tough of an adjustment, he said.–[email protected]