Preferred Service Providers
One responsibility of the Indiana Bankers Association is to develop and maintain products and services that will benefit the IBA membership. In discharging this responsibility, it is sometimes desirable to enter into a Preferred Service Provider (PSP) relationship.
The PSP designation is exclusively awarded to less than 10% of IBA associate members. Our rigorous selection process includes the following:
- A thorough due diligence review; including company history, financial statement analysis, reference checks, and search of business records.
- The existence of value-added benefits available only to IBA members. By utilizing a PSP, your cost savings and/or income enhancements represent a direct return on your membership investment.
- The business opportunity for the association. By utilizing a PSP, you are helping the association diversify its revenue stream and become less dependent on membership dues. Each PSP contributes significant financial support in the form of marketing fees and royalty payments to the association.
These firms represent the best of the best. Based on their documented ability to perform and their high level of support for the Indiana Bankers Association, we are pleased to recommend them for your consideration.
ABA Sponsored Insurance Program
http://banks.progressive.com
Contact: Richard Flenner, 800-274-5222
Insuring community banks for more than twenty years, this unique IBA-endorsed program provides A+ rated (A.M. Best) Bond and D&O coverages, including Employment Practices Liability, Internet Banking Liability and Privacy Liability, to nearly 1,700 banks in all 50 states. Bank-owned and banker-directed, the program is available to both ABA members and non-members, with the opportunity to participate in a multi-million dollar profit-sharing program.
The Baker Group
www.gobaker.com
Since 1979, the Baker Group has provided investment portfolio and interest rate risk management to community banks nationwide. Their approach of total resource integration utilizes software and products developed by Baker's Software Solutions along with the firm's investment experiences and advice. One phone call allows you to discuss both your interest rate risk and investment portfolio strategy. No outsourcing here - while other brokers/dealers talk the talk, The Baker Group continues to practice what it has preached for almost three decades. Headquartered in Oklahoma City, The Baker Group has branch offices in Austin, Indianapolis, Springfield and Salt Lake City. Locally, Tim Beloat, John Parker and Linda Taylor can be reached at 866-370-3590.
BSG Financial - Re$ubmitIt
www.BSGFinancial.com
BSG Financial, a marketing and consulting firm based in Louisville, Kentucky, is a proven leader in the development of profit-enhancing programs for the financial industry. Recognized by Bank Technology News as an industry innovator, BSG Financial serves financial institutions nationwide whose assets range from $100 million to more than $34 billion. The IBA has recognized BSG Financial's Re$ubmitIt program, a turnkey, electronic recovery solution for returned deposit items, for its proven ability to immediately increase revenue for financial institutions and their commercial accountholders.
CSI eBusiness Division
www.csiwebatwork.com
Contact: Bill Evers, 800-264-4274, ext. 19224
The CSI eBusiness Division offers several technology solutions designed for the community bank, including: an affordable board portal solution giving the board anytime access to board papers and replacing the headache of board book preparation with simple posts to a secure website; a corporate intranet service that meets the #1 challenge of management – effective communication between management, departments and employees; a secure on-site and off-site backup solution designed to assist in the protection and recovery of data in the event of a disaster; and network management services that puts a fully training IT expert at your disposal.
Corporation for American Banking
www.aba.com/CAB/default.htm
CAB is the subsidiary of the American Bankers Association devoted to targeting programs that help financial institutions increase their efficiencies and improve their bottom lines. To earn the CAB endorsement, products are researched and tested by bankers and independent experts in order to meet stringent quality standards. Endorsed firms include UPS, Xerox, Sheshunoff and many more.
Deluxe Corporation
www.deluxe.com
Deluxe Financial Services, the nation’s leading check supplier, offers its knowledge and comprehensive understanding of consumer preferences to create outstanding customer experiences for financial institutions. Deluxe offers premium checks and related products, and services to enhance customer loyalty, strengthen check program security, increase revenue and improve efficiency. Additional services include: Deluxe ID TheftBlock; Deluxe Welcome Home Tool Kit; DeluxeCard Visa Gift Card; Deluxe Experience Inquiry, Deluxe Detect, and many more.
Floodplain Consultants, Inc.
www.floodplain.com
Based near Indianapolis, Floodplain Consultants (FCI) has been a leading provider of flood zone determinations and floodplain consultation services for more than 15 years. FCI is privileged to work with more than 200 lenders in the Midwest in providing superior customer service and accuracy via their site inspection policy that ultimately reduces loan staff work related to floodplain issues, boost borrower satisfaction and promotes higher loan volume and profits. IBA members enjoy a discount on each flood zone determination.
Great Lakes Capital Fund
www.capfund.net
Formed in 1992, Great Lakes Capital Fund helps socially responsible corporations invest in affordable housing and community economic develpment activities. GLCF raises capital from corporations and financial institutions, and invests these resources into real estate development partnerships. Since its inception, GLCF has invested in more than 300 affordable housing communities and can claim an economic impact of more than one billion dollars! Great Lakes Capital Fund has recently announced an investment strategy targeting smaller community financial institutions as investors in a Low Income Housing Tax Credit offering named the Indiana Community Fund Limited Partnership (ICF).
IBA Group Insurance Trust
Since 1957, the IBA Group Insurance Trust has provided employee benefit programs to more than 100 IBA members and 4,000 employees. Trust members can rely on a wide range of services, including: group medical, dental and vision insurance, group term life, AD&D insurance, flexible spending accounts and wellness programs.
The IBA Insurance Center
www.indianabankers.org
Contact: Paul Freeman, 317-387-9380
The IBA Insurance Center is a state-of-the-art technology platform that offers a wide range of competitive property & casualty insurance products for both financial institutions and their customers. The IBA Insurance Center is powered by Willis HRH, one of the world’s leading risk management and insurance intermediaries. Willis HRH is among the top three brokers in the world, generating more than $2.5 billion in annual revenue. All IBA members now have access to a full-range of commercial insurance products. Plus, bank-owned insurance agencies now have access to numerous insurance carriers offering a wide-range of property & casualty products specifically designed for bank customers.
ICBA Bancard
www.icbabancard.com/index.cfm
When your customers look to you for real answers, ICBA Bancard is there to help you give them real solutions. For more than 20 years, ICBA Bancard has developed several right size solutions to the financial product and service needs of community banks' diverse customer segments. Solutions include credit cards, debit cards and merchant POS.
ICBA Mortgage
www.icbamortgage.com
Founded in 1990, ICBA’s mortgage subsidiary offers a complete range of secondary mortgage market solutions and specialty products and programs to meet the business strategies of any member – from those who see mortgages as a critical revenue source and competitive tool to those who simply want to accommodate or retain a customer.
ICBA Preferred Service Providers
www.icba.org/products/index.cfm?ItemNumber=4684&sn.ItemNumber=4685
ICBA seeks solutions to critical member needs. Once they identify a need for a particular program or service, they review relevant companies, invite proposals and ultimately select a service provider. Key selection criteria include financial strength, commitment to the community bank marketplace and distribution capabilities. Preferred service providers include Pitney Bowes, Equifax, Travelex and many more.
Infotex
www.infotex.com
Infotex is a small consultancy with a managed services division based totally in Indiana. They employ professionals with security certifications from ISACA, ISC2, and GIAC. Their certifications range from CISA and CISM to CISSP to CPA. In 2000, Infotex spun off of Bucheri McCarty & Metz, a regional accounting firm based in Indiana, offering risk assessment services to Indiana banks and hospitals. Their mission is to help banks manage the information risk they face in a manner that always exceeds their clients' expectations. IBA members are eligible for a 9% discount on information security policy, procedures and training development; secure communication services; and vulnerability and risk assessments.
Investors Title Insurance Company
www.invtitle.com
Established in 1972, Investors Title Insurance Company specializes in residential and commercial title insurance, like-kind exchanges, reverse exchanges, title agency management services, and trust and investment management services. They conduct day-to-day activities in 23 states and the District of Columbia, and are licensed in an additional 22 states. Investors Title Insurance Company began working with lender owned agents in March of 1973. Over the past 30 years, Investors Title has put more than 500 financial institutions in the business of selling title insurance through 50 lender-owned agencies.
Lee & Mason Financial Services, Inc.
www.leeandmason.com
Lee & Mason is recognized as one of the pioneers in the Vendors Single Interest line of insurance and the were the first to offer Gap Insurance coverage to auto lenders. Today, their key lines of business are: Blanket Lender's Single Interest (LSI) or Vendors Single Interest (VSI), Gap Coverage for Auto Lending and Leasing, Insurance Tracking and Collateral Protection Insurance (CPI). For mortgage lending, they offer Lender-Placed Mortgage Hazard Coverage with or without Insurance Tracking, Flood Coverage, as well as Blanket Mortgage Hazard Coverage and Mortgage Impairment protection. Currently, they insure hundreds of financial institutions and insurance agencies throughout the United States.
Office Depot
https://odams.officedepot.com/registrations/bancsource.php
Contact: Jeff Taggart, (317) 575-8727 x3004
Through a multi-state buying consortium, this program provides discounts of 40-60% to all IBA members and associate members on a wide range of products from office supplies to business services. Create your own customized list of 175 frequently ordered, deeply discounted products, and save an average of 80% off MSRP. Using the award-winning Business Services Division website, your order will arrive next day by Office Depot truck or UPS, with no delivery charge. At a time when all companies are paying special attention to their expenses, this IBA member benefit can make an immediate impact on your bottom line.
Pentegra Retirement Services
www.pentegra.com
Pentegra is a full-service retirement benefit provider specifically focusing on the unique needs of community bankers and their clients. Products include 401(k) plans; ESOPs; defined benefit pension plans; cash balance plans; money purchase plans; profit sharing plans; and executive benefit and director plans.
SHAZAM Network
www.shazam.net
SHAZAM, one of the first EFT networks in the United States, was established as a not-for-profit, member-owned provider. Today, SHAZAM consists of more than 1,670 participants of which approximately 1,000 are member/owners. For more than 25 years the network has advocated equal access to the electronic payment system for institutions of all sizes by providing EFT products and ACH services. All up-front, fixed expenses associated with new processing agreements are waived for IBA members, resulting in potential savings of several thousand dollars.
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