Pub. 14 2019-2020 Issue 1

NEBRASKA BANKERS ASSOCIATION 7 PRESIDENT’S MESSAGE NBA Annual Update Richard J. Baier, President & CEO, Nebraska Bankers Association President's Message — continued on page 8 S PECIAL THANKS TO THE MORE THAN FIVE HUNDRED FIFTY bankers, spouses and guests who helped celebrate the NBA’s 2019 NBA Annual Convention, May 1-3 at the Embassy Suites in La Vista. The Convention is an energizing opportunity to highlight the activities of the NBA, connect/reconnect with fellow Nebraska bankers and friends, and to celebrate banking in Nebraska. The 2018-19 NBA Annual Report was presented to the membership at the Annual Conven- tionwhich showcasesmany of theNBA’s recent accomplishments and successes. The report can be viewed on the NBA website (www.nebankers.org) under “About” on the NBA menu item. Thanks are also due to continued strength within the bank- ing industry, strong member support of NBA programs and services, and proactive financial management, I am pleased to report that your NBA experienced another strong fiscal year. Year-end fiscal estimates indicate total organizational assets were $3,634,046 while total liabilities were $388,132. Member equity is approximately $3.2 million. Total revenues during the past year were almost $3.39 mil- lion while expenses were $3.2 million. These numbers resulted in an estimated net change in the organization’s cash reserves of approximately $150,000. This increase occurred even as the NBA provided a recent 5% membership dues refund and a siz- able contribution toward flood disaster recovery. In addition, we were able to increase our principal balances in both the Nebraska Bankers Educational Foundation and the NBA fund at the University of Nebraska Foundation to grow our NBA scholarship programs. Here are a few important highlights I wanted to share as the NBA wraps up 2018-19 and eagerly moves into our next fiscal year: 1. As of April 2019, NBA membership includes 174 of the 181 banks and savings institutions doing business in the state of Nebraska. 2. Our highly-regarding legal team continues to protect the industry at the state and national level. This past year, the NBA’s legal team led formal efforts to object to membership expansion applications filed by both Liberty First Credit Union and Members Own Credit Union. I personally attended these hearings and can tell you that your NBA legal team clearly brought their “A” game to these hearings. 3. The NBA BankPAC raised more than $153,000 to sup- port pro-banking and pro-business political candidates, making the NBA one of the largest and most respected PACs in the state.