View as Webpage


September 21, 2022

Nebraska Bankers Association Logo

New Name for Group Insurance Program

Look for a new name and logo on the upcoming group health insurance renewal packets! To better reflect the broad scope of the program, group health insurance products will be marketed as NBA Benefits Plans. The NBA Voluntary Employees' Beneficiary Association (VEBA) Board of Trustees approved the changes as part of the program's strategic planning process. The VEBA Board of Trustees is the group of 10 bankers who oversee the NBA Benefit Plans.

NBA Benefit Plans staff are currently preparing renewal packets, which will be mailed by the end of the month. The changes for 2023 include new dental, vision, life and disability carriers. The VEBA Board of Trustees has selected Ameritas as the new dental and vision carrier. The Standard will be the carrier for life and disability, which will include new offerings for supplemental group plans for accident insurance, critical illness and hospital indemnity.

Webinars detailing the changes tot he benefit plans and other information are scheduled for Thursday, Oct. 6, at 10:00 a.m. CST and Tuesday, Oct. 11, at 2:00 p.m. CST. Representatives from the new carriers will be participating in the webinars to review their benefits.

For more information visit the NBA Benefit Plans website or contact NBA Benefit Plans staff at 888-419-8322.

Legislative, Policy & Regulatory Updates

FOTB Encourages Banker Support in Key Races

The Friends of Traditional Banking (FOTB) has selected Rep. Ted Budd’s race for North Carolina Senate and the reelection campaigns of Sen. Ron Johnson, R.-Wis., and Rep. Randy Feenstra, R-Iowa, as the three most important 2022 races for bankers. 


FOTB is a non-partisan, grassroots effort organized by bankers in 2012 to improve the political and regulatory environment for the traditional banking industry by focusing banker contributions on key campaigns. Keith Knudsen, president and CEO of Security Bank in Laurel, is a member of the organization’s Nationwide Banker Board. NBA President and CEO Richard Baier is a member of the Advisory Council. 

Learn More

Diversity Disclosure Comment Deadline Extended

The new deadline to submit objections to a Department of Labor Office of Federal Contract Compliance Programs (OFCCP) disclosure of federal contractor diversity data is Oct. 19. The Center for Investigative Reporting made a Freedom of Information Act (FOIA) request seeking the disclosure of employee diversity data collected by the Department of Labor. 


In the extension notice, OFCCP stated it is contacting contractors that the agency believes are covered by the FOIA request, using the email address provided by contractors who have registered in OFCCP’s Contractor Portal and the email addresses provided as a contact for the EEO-1 report. The OFCCP will send a notice to those businesses, including banks, whose EEO-1 reports are at risk of being disclosed to the FOIA requester.


The American Bankers Association (ABA) updated its members-only staff analysis of the request and comment template. Of note, is an updated response to Question #4. The ABA now recommends banks respond “No” to the question. If a “Yes” response was previously submitted, banks should send an e-mail to [email protected] and note the desire to amend your response to this question.

Learn More

Biden Administration Releases Digital Asset Development Framework

The Treasury Department released nine interagency research reports on cryptocurrencies and other digital assets. According to the Department, the reports “articulate a clear framework for responsible digital asset development and pave the way for further action at home and abroad.” Several actions are outlined in the reports to increase regulation and public education about the potential risks of digital assets. The reports also call for more research into the creation of a U.S. central bank digital currency. 

Learn More


Lawmakers Introduce House Version of Credit Card Routing Rule Bill

Reps. Peter Welch (D-Vt.) and Lance Gooden (R-Texas) companion legislation to the Credit Card Competition Act of 2022, S. 4674. The bill would require credit card issuers to add a second network to customers’ cards. However, unlike rules for debit card transactions, the new legislation would require banks to choose from options set by the Federal Reserve.


The NBA previously joined a coalition of state and national financial trade groups in a letter to Congress opposing the legislation and will continue to advocate for banks that participate in the credit card market. 

Learn More


Biden Nominates Two Republicans to FDIC Board

Vice Chair nominee Travis Hill was a senior adviser to former FDIC Chair Jelena McWilliams and senior counsel for the Senate Banking Committee Republicans. Jonathan McKernan, a director nominee, is a senior counsel at the Federal Housing Finance Agency and is currently on detail to the Senate Banking Committee Republicans. 


The FDIC Board is prohibited from having more than three members from the same party. 

Learn More

Upcoming Events

To see the complete event schedule, visit the NBA Event Calendar.

A wide variety of online seminars, co-sponsored by the NBA and the Graduate School of Banking-Wisconsin, are available as well. For more information, view the schedules by date: September | October | November/December.

Banks & Bankers

September 14 - 20

Email your news, press releases, photos and/or newspaper articles to be published in Banks & Bankers. Send content to [email protected].

Meet A Banker

Sept. 15 to Oct. 15 is Hispanic Heritage Month. It's a time to recognize the contributions and accomplishments of Hispanic Americans. All month long, we'll be highlighting Nebraska Bankers of Hispanic heritage.

First up is Evelyn Vasquez, a loan administrator at Bruning Bank in Kearney.

Evelyn is originally from southern California and got her start in banking when a friend invited her to a job fair. She began working as a teller and saw the endless possibilities for professional growth.

Learn More

In-School Savings Program Research Published

Research on the long-term effects of in-school savings programs was recently published in the Journal of Citizenship, Social and Economics Education. The study found that elementary students who participated in an in-school savings program were more likely to save regularly and have a bank account in high school. The research was conducted by Dr. Jennifer Davidson, president of the Nebraska Council on Economic Education (NCEE).

In-school savings programs are deposit-only bank branches at elementary schools. 

Branches are active or planned at 51 elementary schools in Nebraska and 25 Nebraska banks sponsor one or more branches.

Learn more and see the list of in-school savings banks here.

For more information, contact Kara Heideman at the NBA at [email protected] or Jennifer Davidson at the NCEE at [email protected].

Facebook  Twitter  LinkedIn  Instagram