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All words and phrases in blue in this newsletter are links to more information!
IBAT provided oral and written testimony at a hearing this week to discuss credit union conversions to mutual savings banks. As you are aware, two Metroplex credit unions, Community Credit Union and Omni American, are in the process of converting. Both of these credit unions have run into major hurdles erected by their federal regulator, the NCUA - who on August 30 agreed to a final settlement to approve these conversions (and to avoid a potentially embarrassing and far-reaching court decision). The Texas Credit Union Commission is considering some revisions to their rules regarding conversions, and this hearing was a part of that ongoing process.
| LEGAL EASE QUESTION OF THE WEEK |
Help! Do we have to translate our consumer notes into Spanish? To find out the answer, click on the flashing question mark. You can also check out our growing database of other Q&As!
Here is this week's newsletter from The Baker Group. Although this information has been obtained from sources, which we believe to be reliable, we do not guarantee its accuracy. This is for information purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security.
 Are There Spies in Your Computer? Click here to find out how to protect yourself from uninvited Internet guests.
 Online PAC Auction is Underway!We realize that not everyone can attend the IBAT Convention and participate in the Silent and Live Auctions benefitting the IBAT PAC. The Online Auction was created to let you bid on some of the fun items and trips donated by IBAT members to the PAC Auction. Click here to see the Online Auction items and Happy Bidding! Click here to see some of the items that you can bid on at the IBAT PAC Auction during the IBAT Annual Convention.
 How would you like to leave the IBAT Annual Convention with a 1.064 carat diamond? Click here for details.
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BOOKS TO  OUT |
Are you looking for a self paced educational program for your employees? Check out BanKnology - The Fundamentals of Lending, a self-paced, comprehensive, training program that provides a thorough understanding of the fundamentals of training. The Floyd Report is a bi-monthly newsletter with helpful tips and tools for everyone in your institution. This educational piece is geared to keep you up-to-date on the latest industry happenings and to point you in the right direction when it comes to increasing your institution’s performance. Each issue features industry trends, news, tips and bankers’ questions and answers. Plus, you can read about one of your banking peers and the process they went through in implementing their JMFA Overdraft Privilege program. Click here to read the current or any past issues.
The second annual IBAT Operations Summit will be held in San Antonio, October 20-21. This unique program from Karen Neeley combines useful information on Texas laws affecting operations, with an emphasis on the latest from the Texas Legislature, plus current federal hot topics. In addition to practical tips on compliance, the program provides valuable networking opportunities for attendees. For more information and registration form, click here.
 Here are a few upcoming IBAT events you might not want to miss. For a complete listing, click here.
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IRS Compliance |
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Credit Risk Management Network Program |
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Bank Operations Institute | |
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