TOPIC: Community Bank

negtive checking accts and visa/mastercard fees

VP at a credit_union ($51MUSA)
Good Morning,

​Do you charge members a fee for negative checking accounts?  We have members who have courtesy pay and some members who do not have courtesy pay that do this but have not opted in but go negative a lot (especially on gas station charge where they only hold the $1.00).  If you do charge a fee where/what disclosure do you use for the member and how much is your fee? My understanding was that you couldn't charge a fee for negative accounts who had "not opted in", but I have gotten confused on rather it is just for members with courtesy pay. Any idea the which regulation that states this?

On Visa/Mastercards I have basically the same questions.  Can you charge a fee to a non-member and/or member for just doing a cash advance against the card? If so, how do you disclose this and is this a Visa/MasterCard regulation or another regulation?

Any help appreciated... Thank you.

    AI in BSA/AML | Free Webinar

    Thursday, January 30, 2020
    2:00 PM ET / 1:00 PM CT
    Register here:
    http://bit.ly/2ZBI2s0

    Do the words "artificial intelligence" make your head spin? It can be confusing to keep up with the different forms of AI and how they can strengthen your BSA program. Join us for a free webinar to understand the role of Artificial Intelligence (AI) and Machine Learning (ML) in your BSA/AML program. We'll dive into the benefits of AI and ML, offer relevant use cases, and debunk common misconceptions about AI and ML within the BSA/AML world. You'll walk away with a greater understanding of who needs AI and ML, how it works, and things to look out for as these capabilities are integrated into their respective financial institutions.

    Join this session to learn:
    • AI terminology, buzzwords, and their meaning 
    • How Machine Learning effects the industry and your institution
    • Common misconceptions to avoid
    • Behind the scenes explanation of how AI reduces false positives
    Save your seat! 

      Webinar | CECL in 2023: An Analyst's Perspective

      Tuesday, January 28
      2 p.m. ET/ 1 p.m. CT
      Register here

      As institutions who are complying with the CECL model in 2023 plan for their respective deadlines to implement, they have the unique opportunity to learn from the key decisions that their SEC filing peers have already made. Join Abrigo analysts on this free webinar as they share the inputs, data, and results from working with public clients through advisory engagements, and outline the steps that financial institutions should be taking in 2020 to get CECL-ready.

      Join to learn about:
      • What works and doesn’t work in CECL modeling
      • How private entities can get ahead
      • Practical examples to learn from
      Register here 

        Webinar: CECL in 2023 - An Analyst's Perspective

        Join Abrigo analysts on this free webinar as they share the inputs, data, and results from working with public clients through advisory engagements, and outline the steps that financial institutions should be taking in 2020 to get CECL-ready.

        Tuesday, January 28, 2020 at 2:00 p.m. EST

        Register now: https://www.web.abrigo.com/CECL-2023

          Free Webinar | AI, Machine Learning, and Your BSA/AML Program

          Thursday, January 30, 2020
          2:00 PM ET / 1:00 PM CT
          Register here:
          http://bit.ly/2ZBI2s0

          Join us for a free webinar where Gary M. Shiffman, PhD, will explain the role of Artificial Intelligence (AI) and Machine Learning (ML) in your BSA/AML program. With the support of Abrigo expert Brian Rodriguez, Gary will dive into the benefits of AI and ML, offer relevant use cases, and debunk common misconceptions about AI and ML within the BSA/AML world. Attendees will walk away with a greater understanding of who needs AI and ML, how it works, and things to look out for as these capabilities are integrated into their respective financial institutions.

          Join this session to learn:
          • AI terminology, buzzwords, and their meaning 
          • How Machine Learning effects the industry and your institution
          • Common misconceptions to avoid
          • Behind the scenes explanation of how AI reduces false positives
          Save your seat! 

            Free Webinar | CECL in 2023: An Analyst's Perspective

            Tuesday, January 28
            2 p.m. ET/ 1 p.m. CT
            Register here

            As institutions who are complying with the CECL model in 2023 plan for their respective deadlines to implement, they have the unique opportunity to learn from the key decisions that their SEC filing peers have already made. Join Abrigo analysts on this free webinar as they share the inputs, data, and results from working with public clients through advisory engagements, and outline the steps that financial institutions should be taking in 2020 to get CECL-ready.

            Join to learn about:
            • What works and doesn’t work in CECL modeling
            • How private entities can get ahead
            • Practical examples to learn from
            Register here 

              ML Module

              VP at a bank ($712MUSA)
              Does anyone currently use the ML Module in Horizon?  It is new to us and I would like to know how you handle balancing on loans sold in the secondary market.  We are currently out of balance until all funds are received from both the borrower and purchaser which means that we are monitoring LOTS of entries.

                Webinar: Ways to Leverage Portfolio Stress Testing Results

                Wednesday, Dec. 18 | 2 p.m. ET/ 1 p.m. CT
                Earn 1 CPE

                Community financial institutions have received little guidance on how to effectively stress test the loan portfolio. Join us for a free webinar to learn the importance of leveraging portfolio stress testing results and how bottom-up and top-down stress testing results can influence capital adequacy, risk management, and lending decisions. 

                Register: https://bit.ly/2DIBiyu

                  Free Webinar | What SEC Filers Have Learned About CECL Implementation | American Bankers Association

                  Thursday, December 12, 2019 | 1 p.m. CT 
                  Register today! 
                  As financial institutions plan for their respective deadlines to implement the current expected credit loss (CECL) model, they can build out their models faster by learning from the key decisions peers have already made. SEC registrants (except those defined as smaller reporting companies) will have to implement ASU 2016-13 for fiscal years beginning after Dec. 15, 2019. That means large SEC filers on calendar years are just days away from their implementation date. Join Paula King, Senior Advisor of Abrigo Advisory Services, and Felicity Ours, Director of Credit Admin at Summit Community Bank, as they share the CECL experiences of Summit, in addition to those of other SEC registrants Join to learn about: 
                  • The CECL experiences of 100+ SEC filers, and what all lenders should understand moving forward 
                  • The items auditors and examiners will be looking for as effective dates get closer   
                  • What to expect on day one of the transition

                  Register today! 

                    Survey Request | 2020 Business Lending Readiness Survey

                    How do you expect to manage your commercial lending process in 2020? 📋 Fill out our short survey to help institutions like yours benchmark their strategies against peers and highlight industry goals for the coming year. 

                    We aim to assess industry obstacles and evaluate strategies and best practices regarding various areas of the commercial lending process, including risk rating, pricing, underwriting, tracking ticklers, and more. 

                    Key questions that the 2020 survey covers includes:
                    • Length of time it takes to close a new commercial deal
                    • How institutions manage the borrower pipeline
                    • How institutions set prices on loans
                    • How many labor hours it takes to underwrite a loan
                    • How many categories institutions have in their risk rating scale
                    You'll be entered to win one of several $25 ☕️ gift cards just for filling it out and you'll be the first to get the results! Thanks in advance for your help. 

                    Take the survey! 

                      Free Webinar | Using BSA Exam Findings to Strengthen Your Program | 1.25 CRCM Credits

                      Wednesday, November 20, 2019
                      2:00 PM ET / 1:00 PM CT
                      Register

                      Based on his firm’s experience representing over 250 banks around the country, John Geiringer, with Barack Ferrazzano Financial Institutions Group, will explore recent BSA examination findings that may be pertinent to your next exam, sharing tips on how to avoid the risk of enforcement actions at your own institution.

                      In this session, you will learn:
                      • Industry trends from recent exams
                      • How to avoid common pitfalls and errors financial institutions encounter
                      • Preparation methods and tips for upcoming exams
                      • The benefits of learning from other institutions similar to yours

                      Register today! 


                        Webinar: Running a Dynamic Asset/Liability Management Committee

                        Monday, November 18, 2019
                        2:00 PM ET / 1:00 PM CT

                        Today’s economic environment demands that asset/liability management (ALM) teams are identifying and acting on opportunities quickly. The old ways of ALM operations are much different in inverted or negative yield environments. Having a firm risk assessment and plan for future financial performance is the backbone of the Asset/Liability Management Committee’s (ALCO) role. It is the requirement for a robust process for measuring and managing relationships between risk and return.

                        The ALM process should not be limited to one that “checks the box” of meeting regulatory requirements. Financial institutions and ALCOs with a dynamic ALM process are able to inform good decision-making related to both strategy and risk.

                        Join this webinar to learn:
                        • What it looks like to be a dynamic ALM-oriented institution today
                        • How to make good decisions in different rate environments
                        • How to integrate other decision-making models to determine the best loan terms, rates, and funding source
                        Register now: https://www.web.abrigo.com/ALM-webinar-november-18

                          How Community Financial Institutions Can Effectively Implement Loan Origination Software | Webinar | Nov. 19

                          Tuesday, November 19 | 2 p.m. ET / 1 p.m. CT
                          Register now

                          Community financial institutions operate in a world of increasing competition, increasing regulatory requirements, and changing customer expectations. Software and automation can help tackle these challenges. Join us for a free webinar to learn how loan origination software can drive efficiency and, ultimately, loan growth at your institution.

                          Key takeaways:
                            
                          • Current market conditions and trends across the industry  
                          • Ways financial institutions can make successful software transitions

                          Save your seat!