Tuesday, October 15, 2019

Week of June 24

In This Issue…

Latest issue of Oklahoma Economist focuses on state’s ‘brain drain’

The June edition of the Oklahoma Economist analyzes a reversal in net domestic migration to Oklahoma, and if the trend will continue.

Chad Wilkerson and Courtney Shupert, both with the Oklahoma City branch of the Federal Reserve Bank of Kansas City, did a deep dive in the most recent Economist to study this phenomenon and whether it’s slowing down, speeding up or holding steady.

Click here to read their story in the June issue of Oklahoma Economist.

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Deadline for Oklahoma Bankers Hall of Fame nominations this week

The Oklahoma Bankers Hall of Fame has been created by the OBA Board of Directors to honor individual bankers for their contributions to the banking industry and the State of Oklahoma.
In addition, the Hall of Fame is intended to recognize bankers’ achievements on behalf of the Association’s member banks.

Bankers make a difference in their communities every day. To rise to the level required for induction into the Hall of Fame, the nominating committee for the Hall will examine whether the individual banker has made a difference beyond their local community. The Hall of Fame will also preserve the unique history of Oklahoma’s banking greats.

The following criteria will be considered by the nominating committee when selecting individuals to be nominated for selection to the Hall of Fame:

  • Affiliation (past or present) with an Association member bank.
  • Service on boards or committees of the Association.
  • Participation in the activities of banker trade associations at the national level, such as the American Bankers Association and Independent Community Bankers of America.
  • Contributions to the development, improvement and growth of the banking industry in Oklahoma.
    Whether the individual has had a significant impact on the manner in which financial services are provided to consumers.
  • The individual has demonstrated the importance of community involvement and participation in the work of various community groups at the local, state and national levels.
  • The number of years of service to the state and the industry.

Nominations for induction into the Oklahoma Bankers Hall of Fame may be made by any bank employee of an OBA-member bank. There is no limit on the number of nominees that can be presented to the nominating committee in any given year.

Nominees may be either living or deceased.

Nomination forms are available by clicking here and can also be obtained by calling the Association (405-424-5252) or emailing info@oba.com. Anyone who was on the ballot previously but not elected will automatically be included with applications received this year for ballot selection by the Nominating Committee. They don’t need to do anything but are welcome to ‘update’ their application if they’d like. The application and other helpful information are available on our website.

Note: The deadline for receipt of applications is June 28, 2019.

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Annual Washington Visit scheduled

The OBA’s Annual Washington Visit has been scheduled for Sept. 15-17, 2019, and the hotel will be the Trump International Hotel Washington D.C.

Additionally, NEW this year, we are offering an offsite excursion to Mount Vernon that will include transportation, private tour (of the historic area, mansion & tomb), lunch and free time to explore the grounds.

Registration information should be hitting your bank shortly, but you can also download the registration and information form, and get more info on the hotel, by clicking here.

If you have any questions, contact Adrian Beverage or Megan McGuire at the OBA.

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Report: Credit unions fall short of serving households of ‘small means’

A recent report from the Federal Financial Analytics firm found that the National Credit Union Administration maintains no data on credit unions’ effective at providing financial services to people of “small means” and its definition of “low-income” is far more expansive than used by other federal agencies.

You can read the report by Federal Financial Analytics by clicking here and the firm’s news release concerning the report by clicking here.

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2020 Oklahoma Views & Vistas Calendar available for discounted price until July 1

The 2020 Oklahoma Views & Vista Calendar is now ready to be purchased – order yours by July 1 to get the special low price of just $.99 per calendar  – pricing after July 1 is $1.09 per calendar.

Final deadline to purchase is Sept. 15.

This is a great way to share your bank’s logo and information to your customers! Click here for more information and an order form!

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OBA education corner …

Summer is officially here and for those of us who spend any amount of time outside, it’s easy to believe! Take advantage of the following OBA education opportunities and stay inside where its cool!

Take note of the following events:

  • 6 Steps of an IT Audit Program, July 8, webinar — This session will examine in more detail how the IT audit program integrates with the information security program.
  • Executive Total Compensation – Strategies to Motivate and Incent, July 10, webinar — This will focus on the primary elements of the executive total compensation package and how these elements can be utilized to motivate and incentivize members of the senior leadership team to effectively achieve the bank’s strategic goals.
  • Best-Ever Compliance Checklists for Consumer Loans, July 10, webinar — The colorful and easy-to-use checklists are designed to chronologically lead lenders and processors through the various compliance requirements, and financial institutions that properly use these checklists will virtually eliminate compliance errors.
  • Lending to Local Government Units, July 11, webinar — Learn the major credit factors to examine to predict the repayment capability of a municipality or other governmental unit.
  • UDAAP: An Acronym You NEED to Know!, July 12, webinar — Because UDAAP risk is present at every level of the organization, almost any financial institution employee would benefit from attending this webinar (including new accounts representatives, loan officers, managers, etc.)

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