Meet The Treasurer
Kelly Schmidt was elected to her first term as State Treasurer in November of 2004.
Since taking office, Schmidt has focused on cost savings and efficiencies in the Treasurer's Office. She has
worked to promote localized economic development, thru an initiative called BidND. Through a bid process, certificates
of deposit are purchased from North Dakota financial institutions which lend these dollars back into their communities,
fostering economic growth. BidND has placed millions of dollars in over 60 North Dakota communities, garnering
additional interest income for the state. Through this initiative and effective cash management, $36.5 million in
interest income was contributed to the state’s general fund for the 2005-07 biennium compared to $6 million in
the 2003-05 biennium.
As State Treasurer, Schmidt serves as a member of the North Dakota State Investment Board, the Teachers
Fund for Retirement Board (TFFR), North Dakota Board of Tax Equalization, North Dakota State Historical Society, and
the North Dakota Board of University and School Lands. She is also a member of the National Association of State
Treasurers (NAST) where she serves as Regional Vice President representing the Midwest on the executive committee. She
currently serves as Chair of the NAST Foundation which oversees the educational activities of the foundation including
the National Institute for Public Finance, the New Treasurers Symposium and initiatives to promote financial
literacy.
Schmidt has a long time record of dedicated community service:
- Member of the Inter Service Family Action Committee (ISFAC) a voluntary military cooperative partnership organized
to provide multi-service networking for military members and their families.
- President of the ND Jump$tart Coalition for Personal Financial Literacy.
- Trustee of the North Dakota State Historical Board Foundation.
- Republican National Committee Women's Advisory Board.
- Past president of the Mandan Kiwanis and a Kiwanian of the Year; Past Lt. Governor for her Kiwanis region.
- 10 year member of the American Legion Auxiliary.
- Life member of the AmVets Auxiliary.
- Trustee of the Spirit of Life Parish.
- She is a member of her local PTO and Business and Professional Women.
Kelly and her husband, Chuck, have four sons and reside in Mandan, ND.
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