Sam Okstad, Partner

MR. OKSTAD is the partner in charge of credit union services at Biggs & Co. He has over thirty years experience in the credit union industry, including work for the Minnesota State Banking Division and public accounting. Mr. Okstad commenced his public accounting work with Raum, Jordan Accountancy which was subsequently merged into Biggs & Co.

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.