Pub. 14 2019-2020 Issue 3

NEBRASKA BANKERS ASSOCIATION 5 SEPTEMBER/OCTOBER 2019 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 the magazine, which began bi-monthly publication in May 2006, is included in membership fees to the Nebraska Bankers Association. CONTENTS ©2019 The Nebraska Bankers Association (NBA) | The newsLINK Group, LLC. All rights reserved. The Nebraska Bankers Association bi-monthly is published six times each year by The newsLINK Group, LLC for the Nebraska Bankers Association (NBA) and is the official publication for this association. The information contained in this publication is intended to provide general information for review, consideration and education. The contents do not constitute legal advice and should not be relied on as such. If you need legal advice or assistance, it is strongly recommended that you contact an attorney as to your circumstances. The statements and opinions expressed in this publication are those of the individual authors and do not necessarily represent the views of the NBA, its board of directors, or the publisher. Likewise, the appearance of advertisements within this publication does not constituteanendorsementor recommendationofanyproductorserviceadvertised. The Nebraska Bankers Association bi-monthly is a collective work and as such some articles are submitted by authors who are independent of NBA. While the Nebraska Bankers Association bi-monthly encourages a first-print policy, in cases where this is notpossible,everyefforthasbeenmadetocomplywithanyknown reprintguidelines or restrictions. Content may not be reproduced or reprinted without prior written permission. For further information, please contact the publisher at: 855.747.4003. 12 7 PRESIDENT’S MESSAGE – MID-YEAR REVIEW As we approach the halfway mark in the NBA fiscal year, get up-to-date on association operations and activities. Richard J. Baier, President & CEO, Nebraska Bankers Association 8 WASHINGTON UPDATE – REDEFINING ‘‘BANKER’’ Industry professionals look to share experience to promote the vast banking career opportunities to the next generation. Rob Nichols, President & CEO, American Bankers Association 10 EDUCATION CALENDAR 12 COUNSELOR'S CORNER – NINE BOLD RULES TO GET THE MOST OUT OF YOUR CONTRACTING PROCESS (PART 2 OF 2) Learn about the best ways to approach your contacting process. More importantly, how you can save money and improve your bottom line. Bryan Handlos, Kutak Rock LLP 16 TECH TALK – REPORTING CRITICAL INFORMATION SECURITY AREAS UPSTREAM Understand your security risk and impact potential to build a stronger information security culture throughout your organization. Terry Kuxhaus, Sr. Information Security Consultant – SBS CyberSecurity, LLC 20 BERT ELY’S FARM CREDIT WATCH The Farm Credit System (FCS), America’s least known government-sponsored-enterprise, has an excessively complex and increasingly obsolete organizational structure. Bert Ely, Alexandria, Va 26 KNOWING WHEN NOT TO REPORT HSA TRANSACTIONS A major area of compliance in offering and maintaining healthsavings accounts (HSAs) is accurately reporting HSA transactions. Jennifer Bassett. QKA, CIP, CISP, CHSP