New members named to Minneapolis Fed advisory council

Three community bank experts were appointed to an advisory council this spring by Federal Reserve Bank of Minneapolis President and CEO Neel Kashkari.

The Community Depository Institutions Advisory Council (CDIAC) provides information, advice, and recommendations to the Minneapolis Fed president from the perspective of thrifts, credit unions, and banks in the Ninth Federal Reserve District with total assets of less than $10 billion. The chair of the Ninth District CDIAC represents the district at meetings of the Board of Governors' national CDIAC in Washington, D.C.

Appointed to the council in 2026:

• Jack Hopkins
  President and CEO, CorTrust Bank
  Mitchell, South Dakota
• Colleen Murphy
  Chief Operating Officer, Whitefish Credit Union
  Whitefish, Montana
• Mark Oldenberg
  President and CEO, Security Financial Bank
  Durand, Wisconsin

Hopkins, Murphy, and Oldenberg will join seven returning members on the council.

For more information and to see all serving members, visit the "Community Depository Institutions Advisory Council" webpage.

The Federal Reserve Bank of Minneapolis is one of 12 regional Reserve Banks that, with the Board of Governors in Washington, D.C., make up the Federal Reserve System, the nation's central bank. The Federal Reserve Bank of Minneapolis is responsible for the Ninth Federal Reserve District, which includes Montana, North and South Dakota, Minnesota, northwestern Wisconsin, and the Upper Peninsula of Michigan. The Federal Reserve Bank of Minneapolis participates in setting national monetary policy, supervises numerous banking organizations, and provides a variety of payments services to financial institutions and the U.S. government.