BISMARCK, N.D. — Robbie Thompson, president and CEO of the Credit Union Association of the Dakotas since July 2010, will be leaving CUAD effective July 23, the Association's board of directors announced.

CUAD said Thompson, a Minnesota native, has accepted a position as the executive director of the Professional Liability Underwriters Society (PLUS) in Minneapolis.

Jeff Olson, CUAD's EVP government affairs, will assume the interim CEO role effective July 24, while the board moves to permanently fill the position.

"I have full faith in Jeff and the rest of the CUAD staff to continue moving the Association forward in a positive direction," Thompson said in a statement. "Our staff is amazing and the Association's future is bright, but this is a tremendous opportunity for me with PLUS and a chance for my family to return home."

The association's board expressed its thanks to Thompson for his commitment to CUAD.

"Under his leadership, CUAD has become a more relevant, efficient, and effective organization," said Travis Kasten, CUAD board chair and CEO of $139 million Service First FCU, Sioux Falls, S.D. "The CUAD board has a formal succession plan, and we are fully prepared to address this departure and ensure that CUAD continues its fine work on behalf of our members."

In a message to members, Kasten said, "Despite this departure, CUAD is well positioned for the future. It is financially strong, has a committed board, a knowledgeable staff, and is and will continue to be a strong advocate for credit unions."

Kasten also said the CUAD board has "full confidence" that Olson and the CUAD staff "will continue to provide the value our members deserve and have come to expect from the Association."

Thompson said, "It has been an honor to represent the wonderful credit unions in the Dakotas. While I am excited about my future with PLUS in Minnesota, I do make this decision with a bit of sadness, as I will be leaving many credit union friends in the Dakotas that I have made over the last five years."

CUAD serves 70 credit unions in North and South Dakota with assets in excess of $5.9 billion and serving over 445,000 CU members.

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