Miller Named To Head Up ACCU
WASHINGTON-Brad L. Miller has been named Executive Director of the Association of Corporate Credit Unions (ACCU). Miller, currently president of Treasure State Corporate Credit Union in Helena, Mont., will assume his new role at ACCU this month. He succeeds Michael Canning.
CUNA Councils Offer Scholarships
MADISON, Wis.-Four of the CUNA Councils have set a 2007 goal of awarding $80,000 in scholarships in 2007. CUNA's Lending Council, Chief Financial Officers (CFO) Council, Marketing and Business Development Council, and Technology Council are specifically seeking to assist employees of small credit unions. Scholarships can be applied to fees and costs for select schools and conferences offered by CUNA, or to council membership, for eligible credit union employees. Each council's benefits committee awards scholarships based on skill need and financial need. For info: www.cunacouncils.org.
McDonald Appointed To NASCUS
ARLINGTON, Va.-Mary McDonald, CEO of USA Credit Union in Troy, Mich., has been appointed to the Credit Union Advisory Council Board of Directors of NASCUS.
McDonald fills Jo Anne Fillwock's seat on the Board. Fillwock retired from the credit union system Dec. 31.
New HSA Law Goes Into Effect
WASHINGTON-Effective in 2007, new legislation will substantially increase the amount most individuals can contribute to a Health Savings Account by repealing the provision that limited HSA contributions to the amount of the deductible under the high deductible health plan (HDHP).
For 2007, the maximum HSA contribution for someone entitled to make contributions for the entire year will be $2,850 for a single coverage HDHP, or $5,650 for a family coverage HDHP, regardless of the amount of the deductible. In addition, a person who is eligible to contribute for the last month of the year will be able to make contributions for the entire year.