Thursday, October 22, 2020

Week of Sept. 28

In This Issue…

Free-to-all ABA anti-phishing campaign kicks off

The ABA has designed an anti-phishing campaign that is an excellent tool for all bankers.

It is offered free to all bankers, ABA members and non-members alike.  It will be available for you and your customers on Oct. 1 to coincide with cybersecurity month.  You can register and sign up now at aba.com/banksneveraskthat.

At that site, you can access a webinar that details how to download all the information, including graphics you can co-brand.  The campaign is designed to be fun, so it promises to be a stellar resource for your customers and staff.

If you have questions feel free to contact elaine@oba.com as the OBA has already registered!

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Final call: Emerging Leaders Academy applications due on Oct. 1

Take note the OBA 2020-21 Emerging Leaders Academy is currently accepting applications. The application deadline is this Thursday, Oct. 1.

We’re looking for the best and brightest bankers who seek to sharpen their leadership skills. The Academy will help you reach new heights with powerful speakers offering information leaders need for effectively maneuvering in today’s business climate. Each session helps participants become true leaders by understanding those around you through non-traditional methods.

The OBA extends an invitation to any employee of a bank that is a member of the OBA to apply. A panel of bankers will review the applicants and choose those accepted into the Academy (maximum 30 bankers). Participants must attend all sessions to successfully graduate from the program.

There are six sessions to the Academy: Nov. 4, Dec. 10, Jan. 22, Feb. 23, March 26, April 30. Graduation will take place in May 2021 at the OBA Annual Convention.

Click here for more information or to apply! For more information, please contact Megan McGuire at (405) 424-5252 or megan@oba.com.

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Social Security Administration services available to all

On behalf of the Social Security Administration, we want to let bankers know that during the current coronavirus pandemic, SSA continues to provide help to you and others in your community.

While their offices are not providing service to walk-in visitors due to COVID-19, SSA remains committed to providing ongoing benefits and vital services.  SSA asked the OBA’s Elaine Dodd to let bankers know they remain ready and able to help by phone with most Social Security matters. You can speak with a representative by calling your local Social Security office or the national 800 number. They provide local office phone numbers conveniently online with their Social Security Office Locator.

SSA also wants you to know it has many secure and convenient online services to:

  • Apply for Retirement, Disability, and Medicare benefits,
  • Check the status of an application or appeal,
  • Set up or change Direct Deposits,
  • Print a benefit verification letter, and print their 1099
  • Much more.

Most business with SSA personnel can be done online, but  they know many people still rely on phone or in-person help.  That’s why they want you to know you can still count on them by phone. And if you have a critical situation they cannot help you with by phone or online, they may be able to schedule an appointment for you.

If you need help from SSA, please don’t wait until they can see you in person.  Reach out now and get the help you need. Our friend at the Social Security Administration, Jose Olivero (Public Affairs Specialist) asked us to share this information about their assistance during COVID-19 times. Even importantly he asked us to share his contact information:

Jose M. Olivero
Public Affairs Specialist SSA
Office: 1.866.964.4260 X 26404
Cell: 276.206.7832
Jose.olivero@ssa.gov

Lastly, SSA employees also understands that getting medical and other documentation can be difficult due to the pandemic. So, they are continuing to extend certain deadlines wherever possible.

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OBA education corner …

Temperatures are dropping, and so are some live OBA education events in the near future. Look for those coming up soon. You can also download a flyer highlighting upcoming webinars by clicking here, or just peruse below for those coming soon!

NOTE: Effective March 16, and until further notice, TTS (our webinar provider) has extended the OnDemand access period for all ‘Live Plus Five (Days)’ registrants to 60 days (versus five business days). Also, they are waiving the $75 per location fee for additional locations.

  • Loan Documentation 101: Basic Secured Loan Documentation, Oct. 5, webinar — Learn about basic loan documentation principles and practices under Revised Article 9 for collateral.
  • Loan Documentation 101: Lien Perfection, Business Collateral, Oct. 6, webinar — Learn about specific classifications of collateral and language description requirements for UCC-1s and security agreements.
  • Performing Your ACH Audit and Tips for Your Risk Assessment, Oct. 7, webinar — Spend this webinar with an ACH Auditor and hear what she looks for when performing the ACH Audit and ACH Risk Assessment.
  • W9, W-8BEN and WBENE for Deposit Accounts, Oct. 14, webinar — This program will focus on what a US financial institution has to do from the tax reporting and documentation process to be prepared for FATCA. We will also look at the impact on 1042S reporting changes for nonresident aliens.
  • 2020 Virtual Universal Banker Seminar, Oct. 14, Oct. 15, virtual seminars — This two-day program focuses on the essentials for today’s universal banker in providing exceptional service, making referrals, and building profitable relationships from millennials to baby boomers.
  • Outsourced Third Party Risk Management Program, Oct. 16, webinar — Outsourced Third Party (Vendor) Risk Management is a top priority with the regulators. Susan Orr has assisted numerous institutions with developing their Outsourced Third Party Risk Management Program and will share her insights into developing an effective program in this webinar.
  • Advanced Tax Return Analysis, Oct. 19, webinar — This webinar will provide the banker with several advanced tax return concepts and related analyses to help them more effectively work with their business customers.
  • 2020 Advanced New Accounts Seminar, Oct. 20, Tulsa — This program will get you up to speed on both practical and legal requirements for opening and documenting various types of non-basic new accounts.
  • Common Pitfalls of ARM Disclosures, Oct. 21, webinar — This two-hour program explains how to avoid problems when developing, maintaining and auditing ARM disclosures. The program explains the rules, reviews typical problems that occur, and provides steps to assure ongoing compliance.
  • BSA/AML & OFAC Compliance – Part II, Oct. 21, webinar — In Part 2, we’ll discuss the Customer Identification Program (CIP) rules, other BSA reporting, including funds transfer recordkeeping, PEPs, pouch rules, and the Office of Foreign Asset Control (OFAC) regulations.
  • Treasury Management: A Powerful Tool to Increase Deposits and Fee Income, Oct. 22, webinar — You will walk away from this course with a deeper knowledge of Treasury Management, learn to conduct risk assessments on new products, and learn strategies to increase core deposits.

Also, registration is now open for the 2020 Virtual Women in Banking Forum. All are encouraged to register for this informative event, and attendance is FREE! Click here for more information and to sign up.