Community Bankers Association of Illinois
Community Bankers Association of Illinois Community Bankers Association of Illinois Community Bankers Association of Illinois
 
     Special CBSC Member Services Edition                         February 18, 2009 Graphic
Graphic
Community Bankers Association of Illinois
Community Bankers Association of Illinois Community Bankers Association of Illinois


  • Triad Financial Services – a CBSC Marketing Partner since 2006
  • New CBAI Program Helps Directors Save Money!
  • CBSC Endorses Check Resultz for Free Electronic NSF Collections
  • Sageworks: Ranks 10 Most Profitable Industries
  • CBSC Recommends Data Loss Prevention Service of CTH Technologies
  • Ten Key Elements for an Effective Onboarding Strategy
  • Are Illinois Banks Ready for 2009 Red Flags Exams?
  • Wolters Kluwer Financial Services Offers Red Flag Video
  • Ken Judd Joins The Baker Group
  • CBAI, IBAT & Baker To Host Breakfast at ICBA Convention
  • Prepare for Growth at the 2009 SHAZAM EFT Forum
  • Is Your Internet Banking Solution Costing You Customers?


  • CBSC RECOMMENDED SERVICES
    A Guide to CBAI Members' Discounts and Professional Services

    Triad Financial Services – a CBSC Marketing Partner since 2006

    Triad delivers A-rated loans yielding 7-8%. Its underwriting expertise and the establishment of a cash reserve greatly diminishes all risk to the community bank. Contact Darrell Boyd at 270-748-7702 or visit
    www.triadfs.com.

    Back to top

    New CBAI Program Helps Directors Save Money!

    CBAI and Midwest Office Supply, the association’s preferred provider of office products, have developed a
    program that enables the board members of CBAI member banks to purchase office supplies and furniture at deeply discounted prices that are usually reserved exclusively for CBAI member banks.

    Back to top

    CBSC Endorses Check Resultz for Free Electronic NSF Collections

    The Community BancService Corporation (CBSC) board of directors continually researches promising new programs to offer CBAI members the very best in banking services. In fulfillment of that mission, it is pleased to announce the addition of Check Resultz to the CBSC stable of preferred service providers. Check Resultz promises to generate income for member banks while providing a valuable service to commercial customers.

    Check Resultz is a leading provider of Business Account NSF Electronic Check Recovery Services. The program is a turnkey program utilizing the ACH system to successfully collect the full face value of 75–80% of all checks it processes, potentially doubling most businesses’ collection rates.

    The Check Resultz program directly supports small businesses' financial well-being and demonstrates community banks' desire to offer a real solution to real problems. With the program you can service business customers like never before, while immediately increasing their profitability - and that of your bank. The program is FREE for both your bank and your business customers. The merchant’s customer who wrote the bad check pays the fees. The bank incurs no additional liability or additional staff time while generating additional revenue. Through a CBSC negotiated agreement, CBAI members will receive $8.00 per recovered check. There are absolutely no start-up or ongoing cost!

    Want more information now? Call Todd J. Maple, Director of Relations, at 888-311-7248, ext 223. Or, contact Mike Duke, CBSC electronic payments specialist, at CBAI headquarters (800-736-2224 or
    miked@cbai.com).

    Back to top

    Sageworks: Ranks 10 Most Profitable Industries

    Sageworks, a preferred service provider of Community BancService Corp, Inc., recently compiled a
    ranking of the 10 most profitable industries in the U.S. Companies in these industries have the highest net profit margins of all privately held companies over the last 12 months. Nine of the 10 industries are service providers and four of the 10 provide healthcare. These industries are well positioned to withstand the economic downturn due to their profitability.

    Back to top

    CBSC Recommends Data Loss Prevention Service of CTH Technologies

    The Community BancService Corporation, Inc. (CBSC), a subsidiary of CBAI, today
    announced that it has selected CTH Technologies as its preferred provider for data loss prevention (DLP) solutions. The CTH SecureCARE software product is designed to help community banks manage and secure their most valuable asset, customer data. In addition, CBSC has negotiated member-favorable contract specifics.

    Back to top

    Ten Key Elements for an Effective Onboarding Strategy

    From the first few minutes of an account opening through the entire first year, financial institutions are faced with a make-it-or-break-it window of opportunity.
    Research shows that new customers are the most likely to purchase additional products and services. Paradoxically, they are also the most likely to leave. Attrition during the first year ranges from approximately 35% to 45% — that's two times higher than the rate of attrition among established account holders. Effective onboarding counters this problem by establishing an early and meaningful dialogue with new customers — enhancing and strengthening relationships from the very start to pave the way to a long-lasting, mutually beneficial relationship.

    Back to top

    Are Illinois Banks Ready for 2009 Red Flags Exams?

    For many Illinois banks, automating ID Verification and ID Authentication processes to eliminate the pitfalls of manual processes will be crucial to meeting regulators’ Red Flags scrutiny. “While there may not initially be any heavy penalties, the slaps on the wrists from regulators are going to be hard and hurt very much from a reputational standpoint,” said Ted Dreyer, senior attorney with Wolters Kluwer Financial Services, recently in Bank Technology News Intelligencer. For a short online demo of how Wiz Sentri: RiskID from Wolters Kluwer Financial Services, a CBAI Endorsed Vendor, can help,
    click here.

    Back to top

    Wolters Kluwer Financial Services Offers Red Flag Video

    Wolters Kluwer Financial Services, a CBAI preferred services provider, recently released a video on ComplianceHeadquarters.com about the importance of keeping your bank’s “red flag” compliance program current. View the video for free after registering to become a user.

    Back to top

    Ken Judd Joins The Baker Group

    The Community Bankers Association of Illinois is pleased to
    announce that Ken Judd has joined The Baker Group as an account executive. Ken joins Terry McElwee, Jason Vlcek, and Ellen Donaldson serving Illinois community banks from the Baker office located at CBAI headquarters in Springfield.

    “Ken brings tremendous asset-liability management and investment strategies experience to our bank investment services team, “ said Terry McElwee, Baker Associate Partner. “Ken’s experience in helping community banks make investment decisions that complement the overall structure of their balance sheets is invaluable given the turmoil in the financial marketplace.”

    Back to top

    CBAI, IBAT & Baker To Host Breakfast at ICBA Convention

    The Community Bankers Association of Illinois (CBAI), Independent Bankers Association of Texas (IBAT) and The Baker Group will host a breakfast for community bankers attending the ICBA Convention In Phoenix, Arizona, in March.

    The breakfast is scheduled for Wednesday, March 18, 2009, from 7 a.m. to 8:30 a.m., in the Deer Valley Room at the Sheraton Phoenix Downtown Hotel. All community bankers from Illinois and Texas and their families are invited to attend.

    “This event provides community bankers from the nation’s two largest community banking states an opportunity to get together, share a meal and maybe swap a few stories about our great profession” said Dennis Hesker, President of First National Bank, Okawville and CBAI Chairman. “ I want to thank the partners at The Baker Group for sponsoring the breakfast, and for all they do for community banking. I can tell you from first-hand experience that my bank’s investment portfolio performs above peer because of the advice I’ve received from the professionals at Baker.”

    This year marks the sixth year that CBAI, IBAT, and The Baker Group have sponsored the breakfast.

    Back to top

    Prepare for Growth at the 2009 SHAZAM EFT Forum

    Preparing your institution for EFT growth will be more important than ever during the upcoming year. At this year’s EFT Forum, SHAZAM will give you the tools you need to help you prepare for this new growth. Keynote speaker, Jim Welch, will share his knowledge of the next generation of EFT users and take you through the seven critical generational customer insights that will drive your current and future business growth. Registration information and more,
    click here now.

    Back to top

    Is Your Internet Banking Solution Costing You Customers?

    This industry
    White Paper submitted by First Data Resources, Inc, formerly FundsXpress explores the common issues financial institutions face with dated Internet Banking Solutions, concerns these institutions have in converting to a new solution, how to identify the ideal Internet Banking Solution and best practices in a successful conversion. In addition, this paper will help financial institutions gain a deeper insight into the capabilities today’s online bankers demand.

    First Data Resources, Inc., formerly FundsExpress, CBSC’s preferred service provider since 1997 is a premier provider of Internet-based financial services and products for community banks nationwide. Contact Craig Stoppel – 800/419-8804

    Back to top

    CBAI

           

    CBAI's PROFESSIONAL DEVELOPMENT PROGRAMS THROUGH 3/15/09



    TELEPHONE/WEBCASTS THROUGH 3/15/09



    CBAI EVENTS
    THROUGH 4/28






    CBAI
    RECOMMENDED SERVICES



    CBAI
    INSURANCES



    CBAI
    FOUNDATION



    CBAI
    PUBLICATIONS







    800.736.2224 (IL) | 217.529.2265 | www.cbai.com

    DISCLAIMER:The association is not responsible for and has no control over the subject matter, content, information, or graphics when viewing links attached to this association's site. If you do not wish to receive e-mails from Community Bankers Association of Illinois (CBAI), 901 Community Drive, Springfield, IL 62703, through CBAI in the future, please click here. - OR - If you would like to be removed from the CBAI e-mail database, please click here.

    © 2008 Community Bankers Association of Illinois. All Rights Reserved.