REGULATING AGENCY: North Dakota Department of Financial Institutions
LEAGUE: Dakota Credit Union Association
PRIVATE SHARE INSURANCE: No
STATS: (As of Q4 2021)
Total Number of Credit Unions: 34
- TOTAL # SCUs: 20
- TOTAL # FCUs: 14
- SCU % OF TOTAL (SCUS #/STATE TOTAL #): 59%
Total Assets: $4,957,597,466
- TOTAL $ SCU ASSETS: $4,468,074,930
- TOTAL $ FCU ASSETS: $489,522,536
- SCU % OF TOTAL ASSETS (SCUS $/STATE TOTAL $): 90%
Total Members: 213,814
- TOTAL Members SCUs: 186,586
- TOTAL Members FCUs: 27,228
- SCU % OF TOTAL (SCUS/STATE TOAL): 87%
FUN FACT: Founded in 1978 Fort Berthold Community College is a tribally chartered college located on the Fort Berthold Indian Reservation near the town of New Town.
January 3, 2022 — These credit union professionals will be serving at the national level – making a difference for credit unions around the country.
Bismarck, ND – The Credit Union National Association (CUNA) and American Association of Credit Union Leagues (AACUL) have announced their Committee Assignments for 2022. Six Dakotans have been appointed to various committees and subcommittees and will be serving at the national level, making a difference for credit unions around the country.
Amy Kleinschmit, Chief Compliance Officer, Dakota Credit Union Association (Sioux Falls, SD) has been appointed to the CUNA Consumer Protection Subcommittee. The purpose of this committee is to monitor developments, address concerns, and advise CUNA staff in the areas of consumer financial protection laws and regulations; to develop voluntary guidelines in this area for the benefit of credit unions and their members; and to make recommendations to the Advocacy Committee to minimize or eliminate requirements without jeopardizing consumer protections. In addition, Amy was named to AACUL’s Regulatory Advocacy/Compliance Advisory Committee, which provides advice and feedback to CUNA and AACUL regarding federal and state regulatory advocacy and compliance issues affecting credit unions.
Jeremiah Kossen, President/CEO Town and Country CU (Minot, ND) was also named to the CUNA Consumer Protection Subcommittee, as an Ex-Officio Member. Kossen was first named a member of the national CFPB Credit Union Advisory Council in September of 2020, the first North Dakota credit union leader to serve on this council.
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