Mr. Okstad's responsiblities include all opinion and
supervisory committee audits, internal audits, and management
advisory services for federal and state chartered credit
unions. Additionally, his services cover credit union
reorganizations, mergers, employee benefit plans, and
credit union service organizations.
He is an expert in the areas of regulatory compliance,
reconstruction of accounting records, account reconcilement,
and fraud investigations where he has spent substantial
time providing services.
Mr. Okstad has an extensive knowledge of credit union
rules, regulations, reporting requirements, and current
practices. He has assisted credit unions with special
projects drawing on his long-time experience into all
phases of credit union operations.
Mr. Okstad's credit union experience includes five
years service as an examiner with the State of Minnesota
Banking Divisions where he was responsible for asset
quality examinations of state chartered credit unions
throughout the State of Minnesota. He was also responsible
for examinations of state chartered savings and loan
associations, industrial loan and thrift companies and
small loan companies.
Mr. Okstad holds a BA degree in Business and Economics
from the University of Minnesota. He also holds a certificate
as a certified public accountant and is licensed to
practice in the State of California.