Winter/Spring 2017                        Edition 1, Volume 1
RMA Eastern Iowa Chapter Newsletter
Past President Message

RMA Members:
 
I appreciate the opportunity to have served as your president for the past 3 years.  We continue to work on our goals as we move into another year.  My thanks to all of you who did your part this year.  It helped RMA to move forward. 
 
Please give your support to our new president Ed Benjamin.  Let us continue to pursue the goals we have as members of this worthwhile organization.
 
Sincerely,
Ruth Nebergall

 2017 Classes
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Following are the programs the RMA Eastern Iowa Chapter has scheduled.  For more information on the class please visit our
website.  
Each one of these classes is being held in Dubuque (except 4/18/16 Ag Finance Class):
 

March 15
Global Cash Flow I
March 16-17
Cash Flow Analysis II - Applied Concepts
April 18
Fundamentals of Ag Finance - held at Farmers State Bank in Marion
April 19 
Detecting Problem Loans
April 20
Problem RE Loans
April 21
Understanding and Interpreting RE Appraisals
May 4 
Advanced RE Cash Flow & Valuation
May 5
Global Cash Flow II - A Real Estate Portfolio Perspective
May 18-19
Financial Statement Analysis

If there is a program that you would like to see offered please let us know.  Contact Sandy at rmaeasterniowa@gmail.com .

Our Current Board Members
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Student Memberships
FREE student memberships with RMA provides the resources students need to differentiate themselves, and position themself, as a strong candidate to potential employers in the financial services industry.

By joining RMA for free as a student member, students can fully enjoy all the benefits of membership.  For more information click here.

SCHOLARSHIPS
The Risk Management Association Foundation  offers scholarships to students in an undergraduate program who are interested in working in the banking industry after graduation. The RMA Foundation is awarding up to a total of $200,000 in renewable scholarships ranging from $2,000 to $5,000. The scholarships can be renewed up to two additional years, provided each student fulfills the renewal requirements and maintains their free student membership with RMA. Click here for more information.

Linked-In Group
... 
Please join our linked-in group to stay updated on our Chapter events and to receive other information related to the financial industry and what is going on with the Eastern Iowa Chapter.

Please go to:
and request to become a member.
 
President's Message
As we approach the end of the year, we typically look back over the year to help us prepare for the next year.  Your Eastern Iowa Chapter of RMA is no different.  We had an outstanding 2015-2016 fiscal year.  We presented various courses involving financial analysis, held networking events with local bank presidents and conducted college outreach programming.  Our efforts led to recognition from the national office of RMA by way of achieving Bronze Chapter status.  We were fortunate to be led by our very capable immediate past President, Ruth Nebergall, who guided us through the 2015-2016 fiscal year.    Thanks Ruth!

We have been working hard to continue our programming work by keeping you informed of current banking issues as well as keeping a keen eye on the future of our industry - young bankers.  This fiscal year we are happy to offer our first Credit Analyst Roundtable in February.  The primary focus of the Roundtable is to provide Analysts a forum to address various credit and career topics that impact their roles in community banks.  We will also continue our outreach efforts by participating with various colleges and universities in their career placement activities. 
 
We have a busy year ahead of us but we are excited to get started.  We are equally excited to work hard for our members and those who will be.  Thank you for taking the time to review our newsletter.  See you soon!

Ed Benjamin, 2017 Chapter President
 
Credit Analyst Roundtable - February 22, 2017

The RMA Eastern Iowa Chapter is pleased to invite you to a Credit Analyst Round Table on Wednesday, February 22, 2017. This event will provide a forum for credit analysts from community banks to address a wide range of topics.

The session will be hosted at Cedar Rapids Bank & Trust, 500 1st Avenue NE, Ste. 100, Cedar Rapids, Iowa.   The session will begin at 11:30 am and will adjourn at 1:30 pm.   A light lunch will be served during the initial portion of the roundtable. 

This roundtable is being offered as a benefit to RMA members. Nonmembers are also welcome to attend and there is a $10 fee.  In order to facilitate appropriate discussion, this roundtable is intended for non-supervisory credit analysts.  If you are a credit analyst at your institution please consider attending or if there are other credit analysts who would benefit from this event, please forward this invitation to them as well. 

For more information or to register please click here.  

______________
 

Regulatory Update 
- CFPB Tweaks Changes to Mortgage Rules
In addition to finalizing changes to mortgage rules primarily focused on small lenders in rural and underserved areas, the Consumer Financial protection Bureau also has updated guidance to address the TILA/RESPA Integrated Disclosure Rule.
By Bernard Mason for the December 2015-January 2016 RMA Journal

The Consumer Financial Protection Bureau (CFPB) recently finalized several changes to its mortgage rule to facilitate responsible lending by small creditors, particularly those in rural and underserved areas.

The final rule will increase the number of financial institutions able to offer certain types of mortgages in rural and underserved areas and help small creditors adjust their business practices to comply with the CFPB's mortgage rules.

The CFPB issued several mortgage rules in 2013 that became effective in 2014. Since then, it has continued to monitor the mortgage market and seek public feedback. This new rule is a product of those efforts. The final rule incorporates the following changes:
  • Expand the definition of "small creditor": The loan origination limit for small-creditor status will be raised from 500 first-lien mortgage loans per year to 2,000 and will exclude loans held in portfolio by the creditor and its affiliates.
  • Expand the definition of "rural" areas: In addition to counties that are considered "rural" under the earlier rules, the final rule expands the definition to include census blocks that are not in an urban area as defined by the Census Bureau.
  • Provide grace periods for small creditor and rural and underserved creditor status: Creditors that exceeded the origination limit or asset-size limit in the preceding calendar year will be allowed to operate, in certain circumstances, as a small creditor with respect to mortgage transactions with applications received prior to April 1 of the current calendar year. The final rule will create a similar grace period for creditors that no longer operated predominantly in rural or underserved areas during the preceding calendar year.
  • Create a one-year qualifying period for rural or underserved creditor status: The final rule will adjust the time period used in determining whether a creditor is operating predominately in rural or underserved areas, from any of the three preceding calendar years to the preceding calendar year.
  • Provide additional implementation time for small creditors: Eligible small creditors had been able to offer balloon-payment qualified mortgages and balloon-payment high-cost mortgages, regardless of where they operate, under a temporary exemption scheduled to expire January 10. The new rule will extend that period to include balloon-payment mortgage transactions with applications received before April 1, 2016, allowing creditors more time to understand how any changes will affect their status and to adjust their business practices.
Several minor or technical changes have also been made to the previous rules. The final rule goes into effect January 1.

To download this article in its entirety, please visit the RMA National website:

RMA Member Benefits

Are you a member of RMA?  If YES - thank you very much for supporting the organization and local chapter!  If you are not, please consider joining RMA as an Institution, Associate, or Professional member.  RMA also offers membership opportunities for Academics and Students who are focusing in majors surrounding risk management and banking.  Benefits of membership can include -
  • Access to RMA Xchange
  • Subscription to The RMA Journal
  • Exclusive regulatory updates
  • Free downloads of Industry Study Packs
  • Access to local events including chapter hosted roundtables, panelist discussions, networking opportunities, and more!
For more information on membership, please visit:
www.rmahq.org
RMA Credit Risk Certification - Why RMA CRC?

In today's rapidly changing financial services industry, you need practical, day-to-day knowledge that will help you excel in your profession. You need the latest skills-skills that are current and complete. And you need the demonstrated ability to serve a diverse base of clients. Plus, you need all of your knowledge, skills, and abilities to be validated by a respected organization like RMA. For more information, visit 

Get Involved!
... 

The RMA Eastern Iowa Chapter presents opportunities for individuals to get involved. Chapters rely on the talents of volunteers to stage many of their programs, conduct membership development efforts, and promote the ideals of the Association. To find out more about how you can get involved in our chapter, contact Sandy Gruber at rmaeasterniowa@gmail.com .  

...

To join our mailing list please contact Sandy at rmaeasterniowa@gmail.com


RMA Eastern Iowa Chapter
community.rmahq.org/easterniowa
rmaeasterniowa@gmail.com