Pub. 8 2013-2014 Issue 6

www.nebankers.org 4 Extraordinary Service for Extraordinary Members. 14 30 MARCH/APRIL 2014 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 – Some Things Will Never Change Between now and the end of the NBA’s fiscal year on April 30, a number of things will take place as we wrap up this year and reload for the next. By George Beattie, President & CEO, Nebraska Bankers Association 8 Washington Update – Teaching Sound Financial Habits Participate in Teach Children to Save Day on April 11 and help the next generation safely navigate the road to financial freedom. By Frank Keating, President & CEO, American Bankers Association 10 Counselor’s Corner – LLC Membership Interest as Collateral: What Is the Transferable Interest? Part 2 of 2 In this two-part series, you will gain a basic understanding of what “transferable interest” a creditor obtains and what a creditor can do to protect its security interest in a debtor’s LLC membership interest. By Drew Sova, Husch Blackwell LLP 12 NBA Education Calendar 14 Tech Talk – Crafting a Social Media Risk Management Program Learn about the seven components your bank must incorporate into a social media risk management program. By Russ Horn, CISA, CISSP, CRISC, President, CoNetrix 16 Security Officer’s By-Word – Does It Add Up? Always Verify! Although technology increases efficiency and productivity, it also can be manipulated to the detriment of your bank. Find out how one institution was scammed out of millions and how to prevent it from happening in your bank. By Charles M. Towle, President, Kansas Bankers Surety Co. 19 Bert Ely’s Farm Credit Watch – FCA Holds Secret Meetings to Plot FCS’ Future Discover why the FarmCredit Administration appears to be a “captured regulator,” responding to the whims and wishes of the Farm Credit System and its largest entities. By Bert Ely, Alexandria, Va. 24 Meet Richard Baier, NBA Successor President & CEO Learn more about the NBA’s new president and CEO and why he’s excited to work on behalf of the Nebraska banking industry. 28 Legislative Profile – State Senator Mike Gloor State Senator Mike Gloor discusses the challenges and opportunities that lie ahead for Nebraska. 30 Integrity Loans – Take a Chance & Create Jobs in Your Community Establishing a fund like Alice’s Integrity Loan Fund not only will add jobs within your community, but also will create goodwill and positive PR for your bank and your industry. By Alice M. Dittman, Chairman Emeritus, Cornhusker Bank, Lincoln, Neb., and Past Chairman, Nebraska Bankers Association, 1993-1994