Community Depository Institutions Advisory Council

Council members provide information, advice, and recommendations from the perspective of community depository institutions. Members are representatives of depository institutions (thrifts, credit unions and banks) in the Ninth District with total assets of less than $10 billion. The chair of the Minneapolis Council represents the Ninth District at meetings of the Board of Governors’ Community Depository Institution Advisory Council in Washington, D.C. Members are appointed by the Minneapolis Fed President.

2017 CDIAC
Pictured left to right are the 2017 CDIAC members: Brian Sherrick, Rachael Petersen, Tim Ulrich, Joe Senger, Andrew West, Lora Benrud, Fran Sommerfeld, David Williams, Richard Odenthal, and Laura Warne.

2017 CDIAC Members


Lora Benrud (Chair)
Chief Executive Officer
WESTconsin Credit Union
Menomonie, WI
Term expires: 2018

Brian Sherrick
President and CEO
Ideal Credit Union
Woodbury, MN
Term expires: 2018           

James Espeland
President and CEO
First National Bank
Henning, MN
Term expires: 2018

Fran Sommerfeld
President and CEO
Sioux Falls Federal Credit Union
Sioux Falls, SD
Term expires: 2017

Shari Laven
Viking Savings Bank
Alexandria, MN
Term expires: 2018

Tim Ulrich
President and COO
Citizens Bank & Trust Co.
Hutchinson, MN
Term expires: 2018           

Richard Odenthal
Central Minnesota Credit Union
Melrose, MN
Term expires: 2017

Laura Warne
Home State Bank
Willmar, MN
Term expires: 2019

Gary Petersen
Cornerstone Bank
New Town, ND
Term expires: 2019

Andrew West
Eagle Bank
Polson, MT
Term expires: 2019

Rachael Petersen
Senior Vice President 
Bridgewater Bank 
Bloomington, MN
Term expires: 2019           

David Williams
President and CEO
Upper Peninsula State Bank
Escanaba, MI
Term expires: 2017

Joe Senger
President and CEO
Dacotah Bank
Aberdeen, SD
Term expires: 2019