Belva joined the Northeast Bank Board of Directors in 1986. On April 1, 1987, she accepted a position working for the Bank's Holding Company. She worked closely with her husband, Walter, until he passed in 1991. At that time, she became the Chair of the Board, a title which she holds today.
In addition to her responsibilities as Chair of Northeast Bank, Belva also heads up the Walter C. Rasmussen-Northeast Bank Foundation, which donated funds to local non-profits. Her passion and resolve to improve our communities have led her to receive recognition from the Greater Twin Cities United Way, the City of Minneapolis and the East Side Exchange Club, in addition to many awards bestowed upon the bank for the company's philanthropic efforts.