MBA Bulletin
Michigan Bankers Association
507 S. Grand Ave. • Lansing, MI 48933 • 517-485-3600
April 21, 2006
Group Meeting Schedule DFCU Drops Bid to Convert
to Mutual Savings Bank
2006
Group 9 May 8
Monroe Golf & Country Club – Monroe
(Lunch mtg followed by 1 p.m. shotgun start) Attacks from CU Interest Groups Prove
Group 4 May 15 too Intense for Handcuffed “Bank”
Spring Lake Country Club – Spring Lake
(11 a.m. shotgun start followed by 6:30 p.m. dinner mtg) DFCU Financial, formerly Dearborn Federal Credit Union, announced
earlier this week that it will end its attempt to convert to a mutual
Group 8 May 22
savings bank.
Battle Creek Country Club – Battle Creek
(Lunch mtg followed by 1 p.m. shotgun start)
Faced with a massive negative publicity campaign waged by credit
Group 6 May 24 union trade groups, and statutorily unable to respond, DFCU withdrew
Verona Hills Golf Course – Bad Axe its application to convert.
(12 p.m. shotgun start followed by 6 p.m. dinner mtg)
The DFCU board said in a statement that the decision was made
Group 5 June 8 based on member feedback and “the level of misinformation that has
Pohlcat Golf Course – Mt. Pleasant resulted from the communication constraints imposed by the prescribed
(12 p.m. shotgun start followed by 6:30 p.m. dinner mtg)
regulatory conversion process.”
Group 2 June 1
Grand Traverse Resort – Traverse City ABA President and CEO Ed Yingling responded, “We agree with the
(Lunch mtg followed by 1 p.m. shotgun start) management of DFCU that this process has been completely skewed
by the [National Credit Union Administration] and some in the credit
Group 1 June 2
Pine Grove Country Club – Iron Mountain union industry, both of which have a clear and public bias against
(Lunch mtg followed by 1 p.m. shotgun start) conversions. The process ties the hands of the credit union leadership,
while allowing opponents free rein to put out highly misleading
Group 7 June 12 information. We believe Congress should restate its intent that credit
Hawk Hollow – Bath
(9 a.m. shotgun start followed by 4 p.m. dinner mtg) unions should have a clear path to conversion.”
Group 10 May 19 DFCU is the largest credit union in Michigan at $1.8 billion in assets
Best Western Concorde Inn – Clinton Township and would have been the largest credit union in the nation to convert
(Breakfast meeting) to a mutual savings bank.
Contents
Group Meetings . . . . . . . . . . . . . . . . . . . . . . . . . . . Cover Education Center
DFCU Drops Conversion Bid . . . . . . . . . . . . . . . . . . .Cover Marketing Conference . . . . . . . . . . . . . . . . . . . . . Pg. 4
MBA Service Corp/Harland Partnership . . . . . . . . . Pg. 2 HR Conference . . . . . . . . . . . . . . . . . . . . . . . . . . . Pg. 4
MBA Promotes Go Direct . . . . . . . . . . . . . . . . . . . . . Pg. 3 A Quarter in a Glance. . . . . . . . . . . . . . . . . . . . . Pg. 5
Financial Literacy Column . . . . . . . . . . . . . . . . . . . . Pg. 3
MBA News
MBA Service Corp and Harland: Saving Community Banks Money
MBA Service Corporation and its partnership with Harland provide a favorable environment for bankers operating
Printed Products has been an unqualified success. Because in the state and numerous other proactive roles the MBA
Michigan Banks are joining this exceptional program every plays on behalf of Michigan bankers.
month, the incentives from Harland have been moving to
• This unique program provides for increases in the
new, higher levels on a regular basis.
incentive percentage as the total pool of MBASC/
By pooling together the collective purchasing power of Harland check sales grows. Your level of profitability
community banks in Michigan together with nine other States will increase automatically and incrementally as the
(AZ, ID, WA, NV, OR, UT, VA, TN & MS) we have been able collective volumes of the banks participating in the
to maximize the core check program benefits available for partnership increases.
participating banks.
• Harland has a variety of technology solutions that can
Better pricing, exceptional service, make managing your check program
quality guarantees and complimentary more efficient and enable you to
products, coupled with a focus on deliver a higher level of service for
meeting the needs of community and your customers. Online check ordering
regional banks are the primary reasons via most bank platforms, Automated
that have allowed the MBA Service Check Order Entry, Internet-Based
Corporation to provide bankers with Check Ordering, Fax Ordering, etc…
the best value possible when selecting a are all available.
check program partner.
• Harland Business Solutions is a referral based program
The foundation of a strong core program doesn’t limit the for customers to order computer checks through Harland.
capability of the MBASC and Harland to custom-tailor key An incentive for all computer checks is available.
elements to help your bank with individualized customer
• The MBASC Check Program includes high percentage
satisfaction, efficiency, technology and profitability goals.
guarantees of service quality, turnaround time, and
The MBA Service Corporation will provide significant order accuracy.
income to your bank on the purchase of all Harland printed
• Professional program management is a key element
products including checks, deposits tickets, savings packages,
in our partnership. Your Harland representative and
and related products.
customer support program manager, working in tandem
• Harland provides complimentary items such as New with the MBA Service Corporation, will provide expert
Account Kits (Personal & Business), SmarterStarter management of your check program.
Software & Installation, Employee Check Orders and
For more information on how you might be a part of this
Counter Documents free of charge, excluding delivery.
exciting new program, contact Terry Greisinger at
• The MBASC/Harland Check Program provides important 517-342-9069 or email tgreisinger@mibankers.com
support to the banking industry in Michigan and the or Gary Stockdale at 517-342-9089 or email
Michigan Bankers Association. It assists with efforts to gstockdale@mibankers.com.
MBA News
MBA Promotes Direct Deposit
Michigan Financial
with Go Direct Literacy
MBA is partnering with Go Direct, a national campaign
sponsored by the U.S. Department of the Treasury and
the Federal Reserve Bank, to encourage people who Don’t Forget! Training Opportunity
get Social Security payments by check to switch to There is a Teach Children to Save training opportunity
direct deposit. coming to the MBA on May 11. It is an excellent opportunity
to receive hands-on training regarding effectively teaching
Enrolling people in direct deposit has been a and utilizing the ABA Education Foundation’s Teach Children
longstanding effort by the Treasury for many years. to Save Kits. You will learn first-hand how to use this ready-
Go Direct is a great campaign for Michigan banks to made resource. Plus, you will receive the TCTS kits which you
be involved in – because direct deposit is simply the
can take back to your bank and begin using in the classroom.
best way to receive Social Security and Supplemental
Security Income payments. Direct deposit eliminates This seminar also features a unique networking lunch. The
the risk of lost or stolen checks, reduces fraud and classroom will be divided into four sections. Each group
gives people more control over their money. Plus, direct
will be moderated by a peer to discuss a relevant financial
deposit provides people with immediate access to their
literacy issue.
money from virtually everywhere.
Direct deposit also saves taxpayers millions of dollars. The cost of registration includes the price of the ABA kits, or if
If every person who gets Social Security check you have already bought the combination 2006 kit, you only
payments switched to direct deposit, it would save have to pay the registration fee (and of course bring the kit
taxpayers about $120 million a year. Almost all money with you). You may register on the MBA website or fax in the
saved remains in the Social Security Trust Fund – a registration form attached to the brochure.
benefit to all Americans for years to come.
We hope all of you can attend, or can send a representative
We can play a key role in motivating people who get from your bank.
federal benefits to switch to direct deposit. The Go
Direct campaign makes it easy by providing support
tools, including a quick step-by-step guide to train Most Teens Can’t Balance Checkbook
staff and volunteers on how to approach people A recent study by the Charles Schwab Foundation discovered
about direct deposit as well as campaign material and that while 61 percent of teenagers know how to write a
program ideas. All these tools can be found on the check, only 41 percent know how to balance a checkbook.
special Partner section of the Go Direct Web site at Only 48 percent know how to budget their money. We
http://www.GoDirect.org/Partners.html. have to do a better job educating our children on the basic
fundamentals of financial health. The ABA’s Teach Children
MBA is pleased to support this important initiative to
to Save Day is Tuesday, April 25. Please make plans to
help ensure people’s finances are safe and secure
participate.
– and accessible.
For more information about Go Direct or to order This column is designed to keep bankers informed of upcoming
financial literacy campaigns and to share success stories with other
material, please call (312) 988-2081 or visit www. Michigan bankers. If your bank has a story and/or pictures, please
GoDirect.org (English) and www.DirectoASuCuenta. submit them to Todd Willoughby at twilloughby@mibankers.com.
org (Spanish) to learn about partnership and volunteer Click here to access the MBA’s Financial Literacy home page.
opportunities.
Education Center News
First MBA Marketing Conference Rapidly Appoaching, May 4-5
Time is running out to register for the MBA Marketing • A to Z: Getting Your Strategic Marketing Plan in Order
Conference! This 2-day conference to be held at the and Integrating it with the Bank Plan
beautiful Bayshore Resort in Traverse City will give you • Fear of Frying: The ABC’s of Media Relations
ideas, tools and insight that you can use your first day back
This conference qualifies for ICB Continuing Education
at work!
Credits (CFMP 13.00).
Everyone is encouraged to bring along your favorite
campaign for our first Annual MBA Marketing Awards.
The goal of this endeavor is twofold. First, we want to show
appreciation and offer accolades for excellent concept/
graphic/presentation. Second, it will be a gallery where we
can all show off our favorite efforts and stir up interesting
conversations among fellow marketing directors. This is “our
show” as marketers and everyone is welcome to participate.
With your help, we’ll make this first effort a great success,
Featured at this Conference: and make next year’s awards even better!
• Marketing: An Investment...Not a Cost - Sincerely, your MBA Marketing Committee
• Get More by Doing M.O.R.E. Leveraging Customer
Interaction for Relationship Depth So, set aside the date now and come ready to learn,
• How to Create Winning Direct Mail (Without Using an network, and have some creative fun with your marketing
Agency) peers. For more information or to register, click here.
2006 Human Resource Conference
A professional education program sponsored by MBA Human Resource Committee
and the MBA Service Corporation
Approved for 9.25 credit hours toward PHR, SPHR & GPHR
May 1-3, 2006–Bayshore Resort, Traverse City, MI
Visit the Michigan Bankers
Association website for complete
conference highlights or to
register.
This program, MBA Human Resource Conference, has been approved for 9.25 recertification credit hours toward
PHR, SPHR and GPHR recertification through the Human Resource Certification Institute (HRCI). Please be sure
to note the program ID number on your recertification application form. For more information about certification
or recertification, please visit the HRCI homepage at www.hrci.org.
Quarter in a in the next
ACenter opportunities Glance three months
MBA Education
April
Monday Tuesday Wednesday Thursday Friday
3 4 5 6 7
TS-Background TS-Call Report
Investigations Update
10 11 12 13 14
Head Teller Branch Manager Negotiation Skills
Certification - I Certification - II for Bankers
17 18 19 20 21
TS-Overdraft Bank Security Bank Security RESPA Privacy Issues
Protection Management Management-UP TS-Lending to the
TS-Opening Bus. Self-employed
Accounts
24 25 26 27 28
Business Financial Analyze Tax Returns Construction Lending Real Estate Loan
Statements Documentation
TS-Problem Loans TS-Compliance for
- Customers Operations & Technology Conference (24-26) Commercial Lenders
May
Monday Tuesday Wednesday Thursday Friday
1 2 3 4 5
TS-Problem Loans Loan Review Understanding the
Commercial Bank Directors Role
Human Resource Conference (1-3) Bank Marketing Conference (3-5)
8 9 10 11 12
Legal Issues of Legal Issues of TS-Adverse Action
Account Doc Account Doc Financial Literacy
Robert M. Perry School of Banking – Central University, Mount Pleasant
15 16 17 18 19
Bank Compliance Institute (17-19) Retirement Services
Conference
22 23 24 25 26
29 30 31
Collections Training
June
Monday Tuesday Wednesday Thursday Friday
1 2
5 6 7 8 9
12 13 14 15 16
Commercial Lending Real Estate Loan
Documentation - UP Documentation - UP
19 20 21 22 23
Annual Convention (20-23)
26 27 28 29 30
Many titles have been abbreviated for space, click on any title for more details or to register.
UP denotes Upper Peninsula location. TS denotes telephone seminar.