TALLAHASSEE, Fla. – Southeast Corporate FCU announced today it has hired Brad Miller, the head of the Washington-based corporate credit union lobby group the Association of Corporate CUs, as its new president and CEO.
Miller will succeed William Birdwell, who is retiring Feb. 28 as chief of the $3 billion corporate.
The appointment comes a Southeast, which serves more than 430 natural person credit unions, is reporting increasing losses due to its investments in U.S. Central FCU and in troubled mortgage backed securities. Because of the losses, Southeast depleted all of its members paid–in-capital, or $20.2 million, and $4.5 million of their membership capital shares in November.
Miller has headed the corporates’ Washington lobby group, a CUNA affiliate, for the past three years, after working as president of Montana’s Treasure State Corporate CU.
