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Arlen Kangas, Ph.D. President
Arlen Kangas served for two years as MMCDC’s business loan officer prior to assuming the role of company president in 1988. He led the expansion of MMCDC’s business lending portfolio, and development of its affordable housing construction and home mortgage lending programs, among others. A graduate of Bemidji State University, Kangas received his doctorate from Washington State University.
Experience: More than 20 years.
Points Of Interest: 2001 Distinguished Citizen Award from the City of Detroit Lakes, 2005 - recognized as a pioneer in CDC development by Rural Local Initiatives Support Corporation. |
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Steve Wiebolt V.P., Administration
Steve Wiebolt is responsible for all corporate and venture financial accounting. He also oversees the human resource function of the company. Prior to joining MMCDC, he worked as a business analyst and cost analyst for the White Earth Reservation Business Committee.
Points Of Interest: Prior to assuming his current position, Wiebolt was MMCDC's senior accountant. |
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Keith Kicker Chief Financial Officer
Keith Kicker came to MMCDC after serving as CFO of a bank. He began working at MMCDC in June 2000 and also serves as the Assistant Treasurer of CDC Bancshares Inc., a bank holding company in which MMCDC is a stockholder. His duties include budgeting, financial analysis, performance assessment and planning for improvement.
Points Of Interest: Since MMCDC is a regulated upper-tier bank holding company which is examined by the Office of Thrift Supervision, Kicker's combination of for-profit and nonprofit experience provides for an excellent combination. |
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Ruby Schmid Accountant
Ruby Schmid is responsible for accounts payable, for preparation of bank regulatory reports, and for cost accounting and monthly bank reconciliations. Before joining MMCDC, she spent 25 years in banking, where she held virtually every job in the bank at one time or another, including compliance and audit work.
Experience: More than 35 years.
Points Of Interest: Prior to working at MMCDC, Schmid spent 3 years at Barrel O' Fun managing the Accounts Receivable accounts for the Route Drivers, receiving their uploaded information on a daily basis and calculating their earnings. She also prepared the Accounts Receivable period end reports for the Chief Accountant. |
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Jamie Marks Erickson Development Officer
Jamie Marks Erickson assists in raising capital for MMCDC and its subsidiaries, primarily through grant applications. She also provides assistance in corporate communications, including public relations and marketing.
Points Of Interest: Erickson served as the editor of the Detroit Lakes newspapers for nine years. |
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Britton joined MMCDC in 2008 as administrative assistant. She has a degree from Minnesota State Community and Technical College in Business Management/Ownership and has six years of related experience.
Points of interest: Britton enjoys dance and teaches dance classes for children of all ages. |
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Sarah Ruppel
Tax Site Administrator
Among her duties for MMCDC, Sarah Ruppel is the tax site administrator for the company's Volunteer Income Tax Assistance service. She also secures trust funds for children and financial education for youth and adults.
Experience: More than five years.
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Rosy Hjermstad Housing Advocate
Rosy Hjermstad delivers homebuyer education classes and housing counseling on the White Earth Reservation and surrounding areas in Becker and Otter Tail counties. She is fluent in both English and Spanish and also has taught Spanish-language homebuyer education.
Points Of Interest: Hjermstad is a native of Venezuela. |
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Affordable Housing Initiative
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John King Real Estate Manager
John King has worked in real estate management since 1998. His responsibilities include providing and implementing an asset management plan for all properties owned and/or managed by MMCDC. He also coordinates all single-family construction projects undertaken by Northwest Minnesota Housing Cooperative in which MMCDC serves as developer.
Points Of Interest: King is very active in community events and government. |
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Business Lending
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Julia Nelmark Director, New Markets Tax Credit Program
Julia Nelmark manages all elements of MMCDC’s New Markets Tax Credit program and assists with the early-stage development of tax credit housing and other community projects. Before joining MMCDC, Nelmark spent time as a financial analyst for Amoco.
Points Of Interest: Nelmark earned her master's of management degree from Northwestern University. |
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Nicole Kirchner Mortgage Loan Processor
Nicole Kirchner serves primarily as a loan processor responsible for originating loan documents, file maintenance, and support. She also monitors payment and insurance on MMCDC’s in-house first-mortgage pool and tracks program impacts. She has past experience in the banking industry.
Experience: More than 10 years. |
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Boone Caughey Loan Officer
Boone Caughey is responsible for underwriting and servicing MMCDC's loan portfolio of more than $20 million. He is the primary contact for all businesses seeking and receiving loans. Caughey spent time with Wells Fargo, as a business banker, before he joined MMCDC.
Experience: More than 6 years.
Points Of Interest: Caughey has participated in several training programs, including College of Credit and Financing the Closely Held Business. |
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Tim Swenson Loan Servicer
Tim Swenson's tasks and responsibilities are primarily related to the federal New Markets Tax Credit program.
Points Of Interest: After college, Swenson served as a business instructor at various high schools in the state of Minnesota prior to joining MMCDC. |
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Points of Interest: Kelli and her husband farm near Hawley, Minn. |
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Kathy Misson Vice President, Mortgage Lending
Kathy Misson was hired in 1997 and has been responsible for building MMCDC’s mortgage volume since that time. She oversees underwriting, marketing and customer relations.
Experience: More than 30 years.
Points Of Interest: Several secondary market sources – US Bank, Chase and Minnesota Housing Finance Agency – have delegated underwriting authority to Misson due to her extensive experience. |
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Karen Larson Mortgage Underwriter
Karen Larson was hired in 1999 as loan officer and underwriter. Her experience in the mortgage services industry includes processing, funding, closing, originating and underwriting loans.
Experience: More than 20 years.
Points Of Interest: Larson has delegated underwriting authority from several secondary market financing sources. |
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Christy Clark Accountant
Christy Clark has been employed in various aspects of the lending industry since 1991. She served as a mortgage loan processor for MMCDC prior to transferring into the business office, where she performs accounting functions primarily related to the New Markets Tax Credit program.
Experience: More than 15 years. |
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