Jay Kruse named CEO of Norstar FCU
BRITTON, SD (May 22, 2023) — Jay Kruse has been named the next President/CEO of Norstar Federal Credit Union in Britton, South Dakota, effective May 1st, 2023, chosen to succeed Jane Duerre upon her retirement. He is working alongside Duerre until her official retirement date on May 31st.
Kruse has extensive professional experience in the credit union industry, most recently as Chief Advocacy Officer at the Dakota Credit Union Association’s Sioux Falls office for the past eight years. During his tenure there, he assisted nearly 60 unique credit unions across both North and South Dakota with their state and federal advocacy efforts to improve the operating environment for credit unions on the local, state, and national levels.
Prior to his work at the association, Kruse spent three years as an internal auditor and an additional three years as controller at Service First Federal Credit Union in Sioux Falls, South Dakota, where he managed profitability and multiple accounting functions including the investment portfolio, the budgeting process, and assisted in annual compliance audits.
“Jay Kruse has our utmost confidence to continue to lead Norstar Federal Credit Union in our quest for excellence in member service, community service, and financial well-being for all,” stated Kurtis Larson, Norstar FCU Board Chairman. “His vast experience in the credit union industry and his extensive knowledge of the South Dakota credit union system, in addition to his impressive certification and education credentials, will no doubt help to facilitate many more years of success for our staff, members, and our community,” he added.
Kruse received his Bachelor of Science in Professional Accountancy and Bachelor of Business Administration in Finance from Dakota State University, Madison, South Dakota, graduating with honors. He also holds a Certified Credit Union Compliance Expert (CUCE) designation from the Credit Union National Association and a Certified Business Lender designation from Community Business Lenders.
About Norstar Federal Credit Union
Based in Britton, South Dakota, Norstar FCU was founded in 1942 as a community credit union and serves those who live, work, worship, or attend school in Marshall, Day, or Eastern Brown Counties. The credit union holds $68 million in assets and has over 2,700 members