Magazine article Independent Banker

Power in the Marketplace

Magazine article Independent Banker

Power in the Marketplace

Article excerpt

ICBA Preferred Service Provider programs deliver value and profitability

As the nation's largest banking association, ICBA wields significant political and market influence from the strength of its combined membership. Establishing vital product and service programs that harness the total economic power of all community banks is an important ICBA mission. In an industry facing continual innovation and change, that mission is critical to safeguarding the ongoing economic well being and competitiveness of all community banks.

ICBA leverages its membership power in the marketplace through its own banker-driven service corporations and its various Preferred Service Provider programs, which provide community banks access to a wide range of competitively priced products and services opportunities. More than 80 percent of ICBA members participate in at least one revenuegenerating Preferred Service Provider program, offering a huge return on their membership dues.

Currently, ICBA has 20 distinct Preferred Service Provider programs that deliver everything from insurance and check printing to financial analysis software to employee retirement benefits. Each Preferred Service Provider corporation is thoroughly evaluated by bankers serving on the ICBA Service Committee for its commitment and understanding of the community banking industry. This year alone 800 community banks participating in the ICBA Travelers property and casualty insurance program received their share of a $2.25 million dividend.

Most recently, ICBA formed a Preferred Service Provider agreement with Bank Property Advisors of Hinsdale, Ill. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.