Pub. 5 2010-2011

www.nebankers.org 4 Extraordinary Service for Extraordinary Members. 5 NBA Education Calendar 7 BankPAC Counts! Every one of us must do our part to reach the BankPAC goal of $110,000 this year. By George Beattie, President & CEO, Nebraska Bankers Association 8 Washington Update – The Next Chapter The ABA and NBA will keep fighting the good fight as the Dodd-Frank Act is implemented and as we advocate for fixes in the next Congress and beyond. By Edward L. Yingling, President & CEO, American Bankers Association 11 Security Officer’s By-Word – Correspondent Accounts Need Controls Learn how your bank can plug the potential holes in your internal control programs to prevent embezzlements and subsequent losses within your institution. By Donald M. Towle, President, Kansas Bankers Surety Co. 12 Our Future Remains Bright Although the financial reform bill is loaded with massive new regulatory requirements for the banking industry, our grassroots efforts have given us a renewed sense of pride, purpose, and resolve. By Matt Williams, NBA Past Chairman & ABA Vice Chairman Nominee 13 Bert Ely’s Farm Credit Watch – Huge Exemptions for FCS in Dodd-Frank Act Despite reckless lending in the 1970s and a taxpayer bailout in 1987, the Farm Credit System managed to avoid additional regulation under the Dodd-Frank Act. By Bert Ely, Alexandria, Va. 15 Counselor’s Corner – Private Equity: Pro$ and Con$ As the need for capital increases and the availability of traditional sources of capital decreases, financial institutions need to look at alternative funding sources. Learn why private-equity investments may be a good option. By Adam Kirshenbaum & Jeff Makovicka, Husch Blackwell Sanders LLP 17 The Impact of Financial Reform on the Community Bank’s Bottom Line Although intended to target Wall Street excesses, the Dodd-Frank Act will likely have a significant impact on the banking industry in our state. Learn more about two key provisions: interchange fee regulation and the Consumer Financial Protection Bureau. By Jonathan J. Wegner, Baird Holm LLP 25 Credit Union Watch – Should Credit Unions Pay to Play? It may be time to reconsider the tax exemption for credit unions that want to act like banks. By Keith Leggett, Senior Economist, American Bankers Association 26 Nebraska Bankers Association Webinars 11 7 SEPTEMBER/OCTOBER 2010