Jeremiah Kossen Named to National Credit Union Council
by CUAD Communications
9/25/2020

Town & Country Credit Union President/CEO Jeremiah Kossen has been named to the national Consumer Financial Protection Bureau’s Credit Union Advisory Council. He is the first North Dakota credit union leader to serve on this council.

 

The Consumer Financial Protection Bureau (CFPB) is a national government agency that helps consumer finance markets work by regularly identifying and addressing outdated, unnecessary or unduly burdensome regulations, by making rules more effective, by consistently enforcing federal consumer financial law and empowering consumers to take more control over their economic lives. The Credit Union Advisory Council was created to advise and consult the Bureau on consumer financial issues related to credit unions.

 

“Having a seat at the table on the CFPB’s Credit Union Advisory Council is very exciting news for Dakota Credit unions and for all small financial institutions that are meeting the financial needs in the communities they serve,” stated Jeff Olson, President/CEO of the Credit Union Association of the Dakotas. “His experience as both a regulator and credit union executive will be a valuable asset in helping to guide the agency in their mission of helping consumers and not hurting them with harmful regulatory burdens or rules,” he added.

 

Kossen brings a wealth of experience to his role on the Council. Prior to joining Town & Country Credit Union in 2017, he served as a regulator with the National Credit Union Administration (NCUA) and held multiple senior leadership roles over a ten-year career with Lake Michigan Credit Union, an $8.5 billion credit union. Town & Country Credit Union is also a unique, complex credit union in many ways, including its focus on agriculture and serving rural communities. This broader perspective makes Kossen an asset to the Council and allows him to raise issues specific to North Dakota and local credit unions on a national scale.

 

“I’m honored to be selected for the Council and I’m looking forward to having a voice in national regulatory issues on behalf of all credit unions,” said Kossen. “I’m also looking forward to connecting with the team at the CFPB and my fellow credit union leaders through this role.”

 

Kossen will serve a two-year term on the Credit Union Advisory Council with seven credit union leaders from across the country.

 

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