Pub. 10 2015-2016 Issue 5

www.nebankers.org 4 Extraordinary Service for Extraordinary Members. 14 22 JANUARY/FEBRUARY 2016 EDITORIAL: The Nebraska Banker seeks to reflect news and information relevant to Nebraska and other news and information of direct interest to members of the Nebraska Bankers Association. Statement of fact and opinion are made on the responsibility of the authors alone and do not represent the opinion or endorsement of the Nebraska Bankers Association. Articles may be reproduced with written permission only. ADVERTISEMENTS: The publication of advertisements does not necessarily represent endorsement of those products or services by the Nebraska Bankers Association. The editor reserves the right to refuse any advertisement. SUBSCRIPTION: Subscription to themagazine, which began bi-monthly publication inMay 2006, is included in membership fees to the Nebraska Bankers Association. 8 7 President’s Message – Dreams Come True Inside Nebraska Banks As we look to 2016, bankers must refocus on the positive impacts their banks have on the lives of our fellow Nebraskans. By Richard J. Baier, President & CEO, Nebraska Bankers Association 8 Washington Update – Standing Together for a Strong Industry The alliance between ABA and the state bankers associations provides a strategic and tactical advantage that will help the banking industry remain unified and achieve its goals. By Rob Nichols, President & CEO, American Bankers Association 10 NBA Education Calendar 14 Counselor’s Corner – Bankruptcy Restrictions in LLC Operating Agreements – A Case Law Update Read about a few of the court cases involving bankruptcy-remote borrowers. Lenders do not have an unbroken string of successes in maneuvering their debtors into an effective bankruptcy-remote status. By Thomas Roubidoux, Kutak Rock LLP 18 Coach’s Corner – Is Coaching in Your Playbook? The Advantages of Coaching in Banking A coach can make the difference between good and great teams. Find out how your employees may benefit from external and internal coaching. By Paula Pace & Danielle Crough 20 Security Officer’s By-Word – Forged Checks & The Midnight Deadline By understanding the Midnight Deadline and examining large-dollar checks, you can reduce your bank’s exposure to losses from checks with forged signatures. By Charles M. Towle, KBS President 22 Tech Talk – How Not to Buy Insecure Software Asking a software vendor the right questions and getting appropriate answers helps ensure you are buying secure software and also reveals the maturity level of the vendor. Here are 10 questions for you to consider. By Ty Purcell, CoNetrix 24 Bert Ely’s Farm Credit Watch – FCA Faced Tough Questions at House Ag Committee Hearing Read a summary of the key issues raised at the December 2015 House Ag Committee hearing to review the Farm Credit System. By Bert Ely, Alexandria, Va. 27 Is HMDA the New TRID? When it comes to HMDA, the time is now for banks to begin assessing current data collection capacity, identifying affected processes and staffing, and mitigating potential fair lending issues. By Victoria E. Stephen, Compliance Alliance