Alyssa, don't miss these important MBA updates...
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FHLBank Indianapolis 2023 Michigan Member Director Election
Eligible FHLBank Indianapolis members in Michigan will have the opportunity to elect two member directors in the upcoming election.
The candidates, in alphabetical order by last name are:
- Jacqueline Buchanan, President and CEO, Genisys Credit Union, Auburn Hills, Michigan
- William Hufnagel, President and CEO, Dart Bank, Mason, Michigan
- Kenneth Kelly, Chairman and CEO, First Independence Bank, Detroit, Michigan
- Margaret (Peg) Lamb, Senior Vice President and Chief Risk Officer, People Driven Credit Union, Southfield, Michigan
- Michael Manica, Vice Chairman and Director, United Bank Financial Corp., the bank holding company of United Bank of Michigan, Grand Rapids, Michigan
- Kelly Potes, CEO, ChoiceOne Bank, Sparta, Michigan
- Robert Worthington, Senior Vice President, Chief Risk Officer, Secretary and General Counsel, Mercantile Bank, Grand Rapids, Michigan
Kenneth Kelly, Chairman and CEO, First Independence Bank, Detroit and Michael Manica, Vice Chairman and Director, United Bank, are running for re-election.
In addition to the above, there are also two independent director seats that will be open for election district-wide. The slate of independent director candidates will be announced in early September.
Voting for the 2023 FHLBank Indianapolis Director Election will open Sept. 25, 2023, and close on October 26, 2023.
For questions or assistance with the election, contact FHLBank Indianapolis Corporate Secretary Lyndsay Miller at election@fhlbi.com.
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GRASSROOTS
MBA Banker Day at the Capitol | September 6
Cost: FREE
MBA Banker Day at the Capitol will take place at the newly constructed Heritage Hall located adjacent to the Capitol building.
Get the lowdown on what is happening in Lansing, listen to our informative Keynote, lunch with legislators, and take a Capitol tour that is sure to impress.
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PROFESSIONAL DEVELOPMENT
Rising Leaders Conference - September 19-20 | Mt. Pleasant
As you ascend to new levels of management, it’s critical that you build on your leadership strengths and learn new ways to achieve greater impact. As the next generation of bank leaders, it’s essential to gain leadership skills and knowledge of the banking industry, and network with peers.
- Collaborate and network with next generation banking peers from across Michigan.
- Gain tools for leadership skills for your career in banking.
- Share ideas and industry best practices.
- Leave with strategies and tools to thrive in an ever-changing environment.
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PROFESSIONAL DEVELOPMENT
Midwest Trust and Wealth Management Conference
October 11 -13 | Plymouth, MI
The annual Midwest Trust and Wealth Management Conference is a must for wealth management and trust professionals throughout Michigan and our neighboring states. Featuring top-notch speakers and materials, continuing education credit (CTFA, CFP, CPE) and valuable networking opportunities, the event is a do-not-miss event.
This conference is beneficial for:
- Trust department, trust company and private bank executives
- Senior trust officers, administrators and wealth advisors
- Business development officers and future leaders
- Financial and estate planners
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ELECTRONIC, LEIN, AND TITLE
ELT Mandatory Enrollment Date- Oct 1, 2023
MDOS has announced that October 1, 2023 is the mandatory ELT enrollment date for lenders who finance vehicles in Michigan. This means that in order to have their lien placed on a Michigan vehicle title on or after the October 1, 2023 date, the lender will need to be enrolled in the Michigan ELT program and provide their lienholder ID number to the entity completing the application for title. Lenders are encouraged to enroll well in advance of the 10/1/23 date to maximize the benefits of ELT utilization. Questions regarding Michigan’s ELT program may be submitted to the department by emailing: mdos-miefs-elt-helpdesk@michigan.gov.
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CREDIT UNIONS
Credit Union Expansion Deserves Congressional Scrutiny
The ABA sent a response to congressional offices this morning regarding the CUNA email from this last week calling for opening up the Federal Credit Union Act and expanding the field of membership. Read the letter.
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REGULATORS
FDIC’s Southeast Michigan Alliance for Economic Inclusion Hosts Webinar on Account Access and Financial Well-Being in Michigan
September 7 | 10:00 A.M. - 12:00 P.M
The Federal Deposit Insurance Corporation’s (FDIC) Southeast Michigan Alliance for Economic Inclusion is hosting a virtual meeting to update AEI members and guests on Volunteer Income Tax Assistance, Detroit Financial Well-being Innovation Challenge, account access, and workforce mobility and affordable transportation solutions across Michigan. Presenters will spotlight effective programs that are helping low- and moderate-income Michiganders. Register here. Learn more.
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RESOURCES
ABA Webinar: Fall Advocacy Outlook
ABA President and CEO Rob Nichols, Chairman Dan Robb and ABA staff will hold a free webinar on Tuesday, Sept. 12, at 2 p.m. EDT to share the latest on the key issues facing the banking industry this fall, including the outlook for post-Silicon Valley Bank regulatory changes, the ongoing threat posed by the Durbin-Marshall credit card bill and ABA’s ongoing legal challenges to the CFPB. Bankers will learn the latest on ABA's advocacy efforts and learn how they can engage on behalf of the industry. Learn more and register.
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ABA ANNUAL CONFERENCE
Atlanta Fed's Bostic to Speak at ABA Annual Convention
Raphael Bostic, president of the Federal Reserve Bank of Atlanta, will join ABA Chief Policy Officer Naomi Camper during the ABA Annual Convention, Oct. 8-10 in Nashville, for a conversation on the outlook for the U.S. economy and interest rates, state of the banking industry, opportunities to enhance financial inclusion and more. Register and learn more.
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MBA SERVICE CORPORATION ENDORSED PARTNER
The Perfect Gel to Foil Fraudsters - Make no mistake, individuals and businesses SHOULD be using gel ink pens when writing checks. But, this is just one tool to stop fraudsters. Individuals and businesses should also follow the recommendation from the USPS to drop off envelopes containing checks at the post office directly. Learn more.
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MBA SERVICE CORPORATION ENDORSED PARTNER
Hacker Hour: The Risk of Artificial Intelligence
Tuesday, August 29 | 3:00 - 4:00 PM EDT
In an era where artificial intelligence (AI) is rapidly transforming industries and reshaping societies, it has become crucial to understand and address the potential risks that accompany its widespread adoption. Join us for an enlightening webinar as we delve into where AI is today, threats that we should consider, and possible mitigations to deploy to your business. Register here.
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MBA SERVICE CORPORATION ENDORSED PARTNER
The Latest from Bankers Alliance
View the Compliance Alliance Question of the Week.
Banking Matters Podcast - Learn about today’s financial trends, topics, and practical matters on the Banking Matters Podcast. Listen to new episodes every Monday! Listen now.
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SSBCI Rollout Webinar
September 7 | 10:00 - 11:00 am EST
- Collateral Support
- LTV for fixed asset financing
- Increased working capital availability
- Loan Participation
- Speculative cash-flow
- Portfolio or legal lending limits
- Capital Access Program
- Risk mitigation
- Program Updates
- Expanded industry eligibility
- Expanded options for third-party debt refinancing
- Shortened MEDC underwriting and closing timing
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NEW Job Alert! Check out the latest job postings at BankTalentHQ, a MBA Service Corporation Endorsed Partner!
Apply today: https://conta.cc/30OAnLF
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Happy #MBAMemberMonday! We are featuring our Associate Member Unitas Financial Services! Unitas Financial Services is a leading provider of blanket insurance products like Lender Single Interest or VSI, Blanket Equipment, Blanket Mortgage, and Mortgage Impairment protection. These solutions eliminate the time and expense to track borrower insurance, reduces charge-offs, and prevents negative contact with borrowers regarding insurance lapses. Learn more: https://www.unitas360.com/ | |
Taking control of your personal finances will allow Learn tips from the American Bankers Association Foundation on how to get financially fit: https://aba.social/3w7rBWU | |
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