Jeff Olson appointed as Board Liaison to AACUL committees
BISMARCK, ND (April 3, 2018) — Jeff Olson, President/CEO of Credit Union Association of the Dakotas (CUAD) was just appointed to serve on several committees on the board of directors of the American Association of Credit Union Leagues (AACUL). Executive Board Chair Scott Simpson of Utah appointed Olson to one year terms on the AACUL Membership Dues Task Force, the AACUL Political Involvement & Grassroots Committee as Board Liaison, and the AACUL Regulatory Advocacy/Compliance Advisory Committee as Board Liaison. Olson was elected by his fellow league presidents to serve on the AACUL board last November.
Olson is pleased with his new assignments. “As an AACUL Executive Board member, I have a seat at the table in negotiating agreements that can help our association to be even more successful,” he stated. “These high-profile advocacy assignments also put our association out front in credit union political and grassroots advocacy efforts,” he added.
Olson goes on to say, “This makes sense, as we [the Dakotas] currently have two members of Congress playing significant roles on the Senate Banking Committee: Senator Heitkamp (D-ND), and Senator Rounds (R-SD). Heitkamp and Rounds have both been strong supporters of common sense regulatory relief that credit unions and small community banks have been seeking.” Olson’s role on the committees begins immediately and will run through March 2019.
AACUL is a voluntary membership association for credit union leagues that are members of the Credit Union National Association (CUNA). The objective of AACUL is to assist in the development of its member leagues and to advise and recommend management and implementation of policy within the credit union movement.
The Purpose of the Dues Task Force is to evaluate the structure and method of calculating AACUL membership dues to determine whether changes are needed. The Political Involvement and Grass Roots Committee provides direction and feedback in the development, implementation and championing of political and grassroots programs for the credit union system. The Advocacy/Compliance Advisory Committee provides advice and feedback to CUNA and AACUL regarding federal and state regulatory advocacy and compliance issues affecting credit unions and to develop and promote successful efforts for favorably impacting the regulatory/compliance process. This includes identification of best practices in regulatory advocacy, delivering compliance support, and developing methods to better coordinate credit union input through the League/CUNA structure to provide more consistent and effective messaging to regulators.
About Credit Union Association of the Dakotas
The Credit Union Association of the Dakotas (CUAD) is the professional financial trade association serving 71 credit unions that employ 2,200 individuals in 221 branches. With more than 500,000 members in North and South Dakota, Dakota credit unions have assets in excess of $7.6 billion and currently are providing Dakota consumers with over $5.2 billion in loans while safely housing more than $6.6 billion in savings. In our mission to help credit unions succeed, CUAD plays a key role in growing membership and helping to provide service excellence to members from offices in Bismarck, ND and Sioux Falls, SD. For more information about CUAD visit our website at www.cuad.coop.
The Credit Union Foundation of the Dakotas’ purpose is to build community awareness of Dakota credit unions through support of children’s charities; community and social impact organizations or projects; financial education and financial literacy programs through the credit union chapter system; and to provide higher education scholarships throughout our service region in North and South Dakota.