Dakota CU News & Notes
by CUAD Communications
1/11/2019

Are You Helping Members Through the Government Shutdown?

The current government shutdown is now at 20 days. Credit unions across the Dakotas and all around the country are stepping up to assist members who have been furloughed or otherwise impacted by the shutdown. We would like to know what your credit union is doing to help members and families that have been impacted. We are asking you to please share your stories about any special loans or delayed payment programs you have instituted. You can email your stories to Shawn Brummer at sbrummer@cuad.coop.

We are collecting this information and preparing a state-wide release on how credit unions here in the Dakotas continue to make a difference, assisting members in need and improving lives.

 

Lakota FCU Seeking Small Vault

Does your credit union have an extra, pre-used vault that you could donate or sell at a reasonable price? Lakota Federal Credit Union in Kyle, South Dakota has a need for a small vault to add to their existing vault or possibly one larger vault.

They would prefer a small vault 38” tall or less, but they would be happy to consider anything that is available. If you are able to offer assistance, please contact Shayna Ferguson, Manager of Lakota Federal Credit Union at 605-455-1515.

About Lakota FCU: In January 2009, several community leaders started in pursuit of a dream to establish the Lakota Federal Credit Union to serve the people of the Pine Ridge Reservation. A steering committee comprised of knowledgeable, energetic, and hard-working individuals began the long and arduous process of establishing the first and only federally-insured financial institution on the 2.2 million acre Pine Ridge Reservation. In August of 2012, the Lakota Federal Credit Union received its charter from the National Credit Union Association and officially opened its doors in November 2012.

 

Don’t Miss the Free Elder Abuse Financial Exploitation Training!

Baldini Lang LLC, a CUAD CAP Partner law firm, will be providing Senior Citizen Financial Exploitation Training via WebEx on January 15, 2019 at 2:00 p.m. CT. The Economic Growth, Regulatory Relief and Consumer Protections Act (S.B. 2155), which became law in 2018, included Section 303 that provides legal immunity for properly trained financial services employees who disclose concerns about financial exploitation of senior citizens. The immunity will be provided only if the employee making the report has completed Senior Citizen Financial Exploitation Training. The presenter will be Richard Lang, who serves dozens of credit union clients, including credit unions in his home state of South Dakota.

Sign up here. Please note, this webinar is FREE for CUAD members only. Non-association members will be charged $99.

 

Capital Credit Union Hires Chief Lending Officer

Capital Credit Union has hired Kevin Strege as chief lending officer. Strege has more than 30 years of professional experience in the financial services industry. As chief lending officer, he will oversee Capital Credit Union’s lending culture, credit quality and portfolio management, as well as new business development and ongoing relationship management for the business services and mortgage lending departments. He has held various positions in the financial services industry since 1985 and is currently board treasurer of the Bismarck Mandan Chamber EDC and serves on the Bismarck Vision Fund board. Strege earned bachelor’s degrees in accounting and business administration from Minnesota State University Moorhead. He lives in Bismarck and has two grown children who both live in the Fargo area.

 

Black Hills FCU Employment Opportunities

Black Hills Federal Credit Union is seeking qualified candidates to join their team in the following positions.

Senior Business Lender: This full-time position will be based out of BHFCU’s Downtown Member Service Center in Rapid City. Responsible for establishing business relationships with commercial borrowers, reviewing business loan applications, conducting credit investigations and more. Additional duties include determining value and status of collateral, establishing a signature limit, and documenting business loans per credit union policy and procedures. The ideal candidate will have a minimum of two years of experience in credit analysis and three to five years of experience in business lending, as well as possess a college degree in a business-related field. They should also have knowledge of laws and regulations affecting business lending and excellent skills in a variety of areas.

Credit Analyst/Senior Credit Analyst: This full-time position will be based out of BHFCU’s Downtown Member Service Center in Rapid City. The credit analyst/sr. credit analyst will be responsible for analyzing credit data and financial statements, preparing reports, evaluating records, recommending payment plans, conferring with business lenders and other business representatives and more. The ideal candidate will have experience in a business-related field and possess a college degree in business, finance or accounting.

Financial Analyst: This full-time position will be based out of BHFCU’s Corporate Office in Rapid City. The financial analyst will be responsible for budget planning and variance analysis, research into new product initiatives, analysis of the investment portfolio, asset liability management and more. Additional duties will include managing funds transfer pricing and product profitability systems, working with the senior vice president of finance and accounting manager to developing innovative prediction models and preparing reports. The ideal candidate will have three years of experience in a related field with equal responsibilities, a strong understanding of financial data and reporting, and a strong working knowledge of Microsoft Excel and Word.

For additional details about these opportunities and to apply online, visit bhfcu.com/careers.

 

Employment Opportunities at North Star Community CU

North Star Community CU has an opening for an MSR at their Minot, ND location. In this role, the chosen person will provide member-focused service and assist members with their financial transactions, involving paying and receiving cash and other negotiable instruments. The MSR will provide account information, as well as information on the full range of credit union products and services and professionally handle the member's daily needs.

North Star also has an opening for a Loan Administration Specialist to be located in Maddock, Rugby, or Minot. In this role, the chosen person will assist members with their loan requests, providing clerical and administrative support needed to process and close member loans. The Loan Administration Specialist also performs a variety of support duties related to the lending function within the credit union when requested by loan officers.

To apply for either of these positions, click here. Please contact Yvonne Fossen, VP of Talent and Technology with questions or for more information.

 

Recommend a Co-Worker for Spotlight Feature

Do you know someone at your credit union or another credit union, either employee or volunteer, who has an interesting story? Each Friday, CUAD features a story in the Memo about a credit union professional from the Dakotas. Nominate someone for the Spotlight by emailing their name and a brief explanation of what makes them “Spotlight” material to Shawn Brummer.

 

Last Day for Guaranteed MonDak Roundtable Reservations!

Today is the final day for the guaranteed room rate of $94 for the MonDak Roundtable scheduled for February 12 – 13. Click here to learn more and to make your reservations. This annual multi-state event is a unique opportunity for credit union CEOs, Board Members, and Volunteers from North Dakota, South Dakota, and Montana to gather together to network, learn new strategies and ideas, and meet new faces. This is an amazing opportunity to further develop your skills and to learn new ideas from industry leaders and peers. Plus, it’s all taking place in one of the most exciting cities in the world – Las Vegas, NV!

 

Share Your Good News!

This time of year, credit unions are especially in the giving spirit! Don’t forget to share your stories of charitable giving and volunteer work for the Memo and CU Social Good. Remember, your credit union receives one Member Engagement Reward Point (MERP) for each story that is contributed to CU Social Good. The points add up and can help you receive a rebate on your annual CUAD Dues. Send your good news stories to Shawn Brummer.

 

Upcoming Chapter Events

Central Chapter meeting is scheduled for Tuesday, January 15. Meet at Java Hut - 2375 Dakota Aven South #102 – Huron. Supper at 6:00 p.m. and meeting to follow. The evening’s program will be: Changing Your Body for Life – Posture & Functional Medicine. RSVP to Tiffanie Kouf at M-O Federal Credit Union.

 

Maurie C. Byrne Chapter meeting is scheduled for Tuesday, January 15. Meet at the Eagles Club - 227 10th Street NW - East Grand Forks. Social begins at 6:00 p.m. followed by dinner at 7:00 p.m. The evening’s program: State of the Credit Union Industry to be presented by Jeff Olson, President/CEO of the Credit Union Association of the Dakotas. RSVP to Eve Gustafson at Area Community Credit Union.

 

Chapter events can be found here on the CUAD website.

 

 

Submit your news for Dakota CU Tidbits to Shawn Brummer sbrummer@cuad.coop. Employee promotions, awards, new products or services, community involvement/recognition, job openings, all are welcome!

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