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The MBA is committed to providing value and savings to
its member banks through product and service offerings. Member banks are
encouraged to consider these endorsed and sponsored programs. The products
and services on this page have been endorsed by the MBA Board of Directors,
or the Group Insurance Committee. For information on endorsed and sponsored
products, please contact the MBA office by phone at (601) 948-6366.
Senior Crimestoppers Program
Since 1999, the Memphis-based Senior Housing Crime
Prevention Foundation has served as a conduit for banks to earn no-risk
Community Reinvestment Act credit while achieving above-market yields and
helping to fight a problem that plagues our society – the exploitation and
abuse of nursing home residents. The mission of SHCPF is to promote a safe,
crime-free, high quality of life for residents of nursing homes and other
senior housing facilities through its Senior Crimestoppers Program. Banks
support this mission by making CRA-creditworthy loans and investments in
their communities. By participating in the Senior Crimestoppers Program,
Mississippi’s banks can join the banks of 45 other states where this program
has been proven to reduce crime against nursing home residents by over 90%.
Through endorsement of the Senior Crimestoppers Program, the MBA has
adopted the mission of SHCPF. All MBA member banks have the opportunity to
support this mission through sponsorship of nursing homes and senior housing
facilities in their communities. To speak to a Senior Crimestoppers
representative, contact
George Clinard at (877) 232-0859.
Overdraft Protection by
Strunk & Associates
The Mississippi
Bankers Association has endorsed Strunk and Associates, L.P., as the
preferred overdraft services vendor. The MBA endorsement includes the
well-known Strunk Overdraft Privilege(SM) Program as well as Strunk’s new
ODP Plus Program. ODP Plus is a program to review and rejuvenate existing
ODP service programs (whether a bank did it themselves, used Strunk and
Associates, or any other vendor). The Strunk ODP Plus Program helps any bank
to improve their overdraft services. If you would like to talk with a
Strunk representative, please contact
Rick Ivey at (972) 576-3703.
The endorsement arrangement
will provide discounts to MBA member banks which enroll in the program. The
MBA will support Strunk’s marketing and educational efforts and will receive
income based upon the number and size of banks enrolled and re-enrolled in
the program.
CONNECTIONS by MSI
The CONNECTIONS
program by Birmingham-based Marketing Solutions Inc. is an Internet-based CRM program which
automates many bank sales and marketing functions. A bank that uses the program puts
its customer data into a secure online format, and the software does the
rest. Bankers can pull useful data from CONNECTIONS to produce
reports analyzing account demographics, trends and profitability.
Banks that sign on to
CONNECTIONS can use it
system-wide to evaluate customers’ banking needs and automatically deliver
information to customers about products to meet those needs. As a follow-up,
banks can track prospects and customer responses to its marketing efforts.
The online system ensures that employee referrals are credited to the right
person, making incentive plans easier to manage. For more information, see
the link above.
Under the endorsement, MBA member
banks will receive discounts off monthly fees payable under the program, and
the Association will receive royalties and other compensation. The MBA will
work in support of MSI’s marketing efforts.
Fraud-Net
Fraud-Net,
the MBA-endorsed online computer network, is used to combat financial
crimes. Since its MBA endorsement in August 2005, 82 MBA member banks and 61
law enforcement agencies have signed on as users. In addition, eight credit
unions are users due to a financial arrangement between MBA and the
Mississippi Credit Union Association. Fraud-Net allows bank personnel and law enforcement to
exchange reports on incidents of fraud and robbery, and to track reports in
a secure computer network. It aids investigations by allowing reports to be
sorted by type, geography and other categories.
The MBA provides Fraud-Net as a member service free of
charge to all member institutions and law enforcement agencies. To join,
click on the Fraud-Net link above, click on ‘New Users Register
Here,’ and follow the instructions. MBA staff evaluates applications and
approve new members.
Fraud-Net is available at no charge
to member banks.
Group Health Insurance
MBA member banks can enjoy the benefits of a group health
insurance program by becoming a part of the Association’s group health
plans.
The Association group health insurance program has been
in effect since 1951, with the Voluntary Employees’ Beneficiary Association
Plan and Trust getting its start in 1990. Blue Cross & Blue Shield of
Mississippi has administered the plan since 1998. The Mississippi Bankers
VEBA Plan and Trust offers six different health plan designs to membersbanks.
There are currently 44 banks participating in the plan, which is governed by
eight Trustees. The Trustees strive for (1) good benefit design, (2) rate
stability, (3) adequate reserves, and (4) good service.
Stockett & Thomas Agency, L.L.P., in Jackson consults for
the MBA on all Association insurance plans. For more information, call
Stockett & Thomas at (601) 948-3733 or contact MBA insurance coordinator
Nikki Fair at (601) 948-6366.
Other Insurance Plans
Employer Paid Long Term Disability Plan: This
salary continuation program provides long-term disability coverage for all
employees and is underwritten by Cigna Group Insurance with rates guaranteed
until Jan. 1, 2011.
Voluntary Accidental Death and Dismemberment Plan:
This provides high-limit coverage for accidental deaths and dismemberments
and is underwritten by Cigna Group Insurance with rates guaranteed until
Jan. 1, 2011.
Employer-Paid Group Life and AD&D Plan: Includes
coverage for spouses and dependents. Offering five plans to choose from and
underwritten by Cigna Group Insurance, with rates guaranteed until Jan. 1,
2011.
Voluntary Term Life Insurance Plan: Term life
insurance underwritten by Cigna Group Insurance with rates guaranteed until
Jan. 1, 2011. Covers employees, spouses and dependent children.
Employer Paid Short-Term Disability Plan:
Underwritten by Cigna Group Insurance, with rates guaranteed until Jan. 1,
2009. Four plans to choose from that coordinate with the Cigna long-term
disability plan.
Long-Term Disability WRAP Program: Long-term
disability insurance for senior bank officials to provide higher coverage
for executives in excess of the base LTD plan. The plan is underwritten by
Unum and is used to supplement the Cigna-based LTD plan.
Dental Insurance Program: Comprehensive dental
plans individually designed for employees and dependents underwritten by one
of several major providers.
Cancer Plan: The voluntary cancer insurance
program allows individual employees to select plans offered by Transamerica
Worksite Marketing.
Cafeteria Plan: The Association endorses a Section
125 cafeteria plan administered by
Southern Administrators.
Qualified Retirement Plans: Member banks can
provide individually-designed 401(k), defined-benefit, defined-contribution
or profit-sharing plans with a large range of funding options, eligibility
periods, retirement ages and vesting. Administrative services are available
through several TPAs in conjunction with Stockett & Thomas Agency, L.L.P.
Bank-Owned Life Insurance: American Benefits and
Compensation, Inc., and Stockett & Thomas Agency, L.L.P., are endorsed to
provide bank-owned life insurance products to Mississippi banks. Technical,
regulatory and consulting services also may be provided through Ventis
Financial and FICC.
Stockett & Thomas Agency, L.L.P. is a consultant for all
of the plans above. Chad Stockett or Curt Thomas will be available to
present any of the above plans and help you through the selection and
implementation process.
Clark Consulting
Clark
Consulting leads the industry in providing tailored executive benefit
programs and strategic financing and investment solutions that help banks
manage risk, optimize earnings, improve shareholder value, and realize key
financial goals. Its consultative approach has benefited nearly 2,000
financial institutions and their shareholders nationwide for over 25
years. Clark Consulting’s customized products and services and multiple
client solutions include placement of Bank-Owned Life Insurance (BOLI),
nonqualified deferred compensation plans and asset administrative
solutions. For more information about how Clark Consulting can help your
bank, please call Bill
Cunningham at 205-968-3255 or or
Senior Vice President Sales, Mike Schaefer at (800) 774-3073. The company's
web site is
www.clarkconsulting.com.
ABA-Sponsored Insurance Program
The
MBA has endorsed the American Bankers Association-sponsored Insurance
Program underwritten by Progressive.
The Progressive Casualty Insurance Company offers
directors and officers liability, financial institution bond, Internet
banking liability, employment practices liability and other related
insurance products for community banks. Insured banks that are American
Bankers Association members are automatically mutual owners of the program’s
reinsurer, American Bankers Professional and Fidelity Insurance Company.
Thumbprint Signature Program
The MBA has endorsed the
Texas Bankers Association
Thumbprint Signature Program in a statewide effort to combat crime.
The only expense to the bank is the purchase of special ‘inkless ink’ pads,
which may be ordered from the MBA. The pads are used to obtain a fingerprint
of any non-customer who wishes to cash a check.
Thumbprint Signature Order Form (pdf)
America's Promise Program
Many of
Mississippi's banks are so-called Banks of Promise, participating in one
of the largest youth-assistance movements in the nation, headed by Ret.
Gen. Colin Powell. The program is managed through the American Bankers
Association.
ABA and America's
Promise Main Page
Banking on Your Future
The Banking on Your Future program, administered by the
Mississippi Young Bankers section of the MBA,
provides education on personal finance to thousands of Mississippi
students each year. It's intended for students in grades 7-12. Click on
the link above for more details about this program.
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