Print

Natural Gas Prices Are Low - Lock in Your Rate Now!

For CBAI member banks, this may be a good time to think about locking in a fixed-price for natural gas.

Among the natural gas marketers serving Illinois, there is a wide range of prices. Because natural gas is a commodity, prices rise and fall throughout the year, sometimes dramatically.

“Natural gas prices finished last week at their lowest price in four months, even as a polar vortex brought the most frigid weather temperatures in a generation to the Midwest,” said Justin Cheger, VP of Operations at Stone River Group, CBSC’s preferred-provider for energy.

Cheger explained bankers have several price options for natural gas. They can select a variable rate contract that allows the cost of gas to float with the market, or a fixed rate for a short or long term that eliminates exposure to volatile markets.

“Today, the best fixed rate is ranging from $ 0.350 to $0.359 per therm and a banker could lock in that rate for a year or two.” Cheger said. He added, “During the past 12 months, the rate per therm has ranged from $ 0.379 to $ 0.442. Locking in now at a low rate might be the best option for community banks and small businesses.”

He noted that banks served by Ameren need to act soon. On March 1, 2019, all Ameren contracts automatically renew for 1year.

For more information or to receive a no-obligation proposal, please contact Justin Cheger at Stone River Group via email at justincheger@thestonerivergroup.com or telephone 217/671-9525.

To expedite the proposal process, you are encouraged to complete and submit a customer information profile HERE.

Best,

Michael W. Kelley, President
Community BancService Corporation
901 Community Drive
Springfield, IL 62703
Phone: 217/529-2265

Print

Electric and Gas Procurement


Stone River Group (SRG) - New!

Electric and Gas procurement experts, SRG is independent of any energy producers, sellers or transmitters. They do not make or sell power-they make it more affordable for CBAI members. To ensure CBAI members receive the best possible price, SRG solicits qualified proposals from a number of gas and electricity service providers. Additionally, SRG consultants will aggregate members from the same region of the state and use their combined purchasing power to negotiate even lower rates.

To learn more about how SRG can help reduce your bank’s energy costs, contact Don Frontone via email at Stonerivergroup@aol.com, or via phone at 217/737-5811.

 

 

 

About Community BancService Corporation, Inc.

A subsidiary of Community Bankers Association of Illinois (CBAI), CBSC aggregates the “clout” of CBAI member banks to negotiate lower costs and provide improved access to essential bank products and services. CBSC recommends products and services that assist banks with income-production, expense reduction, consulting, marketing, compliance, equipment, insurance, lending, A/L management and payments. Before the CBSC board of directors awards any program an exclusive partnership, it is subjected to a rigorous due diligence review that includes extensive testing by members, occasionally by independent experts, and negotiation of special member-only benefits. This process typically takes up to six months.

Today, CBAI members use an average of more than five CBSC preferred providers. Last year, members collectively saved nearly $ 1.5 million in purchasing discounts from CBSC-recommended firms. Contact CBSC today and share in the savings.

 

Print

Office Supplies, Printed Materials, Promotional Products and Apparel


Regency 360 NEW!

CBAI member banks of all sizes and locations will benefit from ordering and managing office supplies and printed inventory from Regency’s single-source dashboard. The platform combines orders for common items, enabling members to receive volume-based pricing usually reserved for the nation’s largest banks. Managing the purchases of office supplies, envelopes, letterhead, and promotional apparel, that can number in the hundreds, sometimes thousands, of different items that banks order and use on a regular basis can be a logistics nightmare. Departments and branches ordering items independently can lead to inconsistent branding, loss of volume discounts and unused inventory. The Regency 360 platform streamlines the procurement and inventory management process, provides for consistent branding across all channels, and volume-based pricing that reduces costs.

For more information, contact John Bybee at 217-653-4028, or via email at jbybee@regency360.com.



About Community BancService Corporation, Inc.

A subsidiary of Community Bankers Association of Illinois (CBAI), CBSC aggregates the “clout” of CBAI member banks to negotiate lower costs and provide improved access to essential bank products and services. CBSC recommends products and services that assist banks with income-production, expense reduction, consulting, marketing, compliance, equipment, insurance, lending, A/L management and payments. Before the CBSC board of directors awards any program an exclusive partnership, it is subjected to a rigorous due diligence review that includes extensive testing by members, occasionally by independent experts, and negotiation of special member-only benefits. This process typically takes up to six months.

Today, CBAI members use an average of more than five CBSC preferred providers. Last year, members collectively saved nearly $ 1.5 million in purchasing discounts from CBSC-recommended firms. Contact CBSC today and share in the savings.

Print

Liberty Bank Selects Econocheck’s Secure Checking to Grow Club-Account Program

In order to provide its customers with enhanced service offerings and drive growth of its club-account checking program, Liberty Bank selected CBAI-endorsed Econocheck’s Secure Checking as its new club-account partner. A leading provider of packaged checking-account strategies for more than 40 years, Econocheck has established a proven track record of helping banks deliver value for which its customers will pay.

Mark Field, president & chairman at Liberty Bank, said the bank has offered a club-account checking program for years, but the products were stale and needed an update. He said three priorities played a role in the bank’s decision to partner with Econocheck. The first is its Secure Checking, which offers a strategy that delivers a suite of modern products designed to meet customers’ needs and expectations in a technologically-advanced world. The second factor is that Econocheck’s long list of satisfied bank clients is a testament to its ability to deliver strategies that include world-class products and services at a fair price. And the third factor was that CBAI chose to partner with Econocheck and provided the bank with member-only discounts. Field added, “CBAI’s special partnership with Econocheck sealed the deal for me.”

For more information about Econocheck’s Secure Checking program, please contact Jeff Phillips, Econocheck national sales manager, via email at jeff@econocheck.com or telephone at 312/343-2752.

Print

Econocheck

 “We were very pleased with the results of the strategy Econocheck recommended for us that delivered new fee income and great checking value to our customers. Everybody wins.”    Michael Copeland, President/CEO, Fairfield National Bank