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VACB Endorsed Providers
- The Affinion Group provides a diverse range of proven bank products and services to help attract new customers, strengthen relationships with existing customers, and produce significant incremental revenue that goes straight to the bottom line.
- BancVue features Reward Checking, a unique product designed to differentiate banks from their competitors and double their profits compared to a standard DDA, while keeping valuable clients 70% longer.
- Focuspoint, Inc., America's Premier Message On Hold Company, provides products that have been proven to increase sales, build brand awareness, and retain current customers.
- ICBA Bancard/TCM Bank offers a host of payment services for community banks at favorable pricing through arrangements with Certegy Card Services, Inc. and Fiserv EFT.
- ICBA Reinsurance, a joint-venture partnership with ICBA and AIG/American General, has been designed to provide increased revenue to ICBA members.
- ICBA Financial Services provides member banks the ability to service customers fully with nondeposit investment products, including discount brokerage, mutual funds, and fixed and variable annuities. Low-cost retirement plans are available for small business customers and bank employees.
- ICBA Mortgage gives community bankers easier, more profitable access to the secondary mortgage market, regardless of their bank's size and experience.
- ICBA Securities was founded by the ICBA to provide community bankers with quality bank investment products, services and educational activities at competitive market prices.
- Optimum System Product, Inc. specializes in helping banks who want to improve their inventory management, purchasing, and distribution functions. They are a single source solution for custom forms, envelopes, and general office supplies, and can even assist with warehousing of items.
- PURLs(Personalized URLs) is Source4's innovative online tool to help grow a community banks' market share. The complete marketing campaign incorporates high impact, personalized direct mail and the internet.
- Re$ubmitIt® is BSG Financial's electronic check recovery solution. This fully-automated program can immediately increase revenue for both the bank and commercial customers that receive bad checks. The program utilizes proven RCKŠor electronic re-presentmentŠtechnology to strategically time additional electronic re-submissions to the check writer's account.
- Strunk & Associates, L.P. is a financial advisory service recognized nationally for its innovative design, development, and implementation of the original "Overdraft Privilege Service" Program.
- Zurich North America Financial Enterprises, formerly Fidelity and Deposit, has provided innovative risk management solutions for the financial services industry. Zurich offers a full range of products, including fidelity bonds, property and casualty, professional liability, and electronic commerce protection.
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How to Become an Endorsed Provider :
To become an Endorsed Provider of the VACB, a company must be a VACB
Associate Member in good standing. Any Associate Member may request that a
company product/service be considered for endorsement, by initiating such a request to
the VACB Services Committee.
The Associate Member will then be required to provide detailed information in a
number of areas, including (1) financial information, (2) marketing plans, and (3) benefits
to the VACB membership and (4) benefits to the association. Additionally, the Associate
Member will be asked to list the Virginia banks with which they are currently working.
Once this information has been reviewed, the Associate Member is given the
opportunity to make an endorsement presentation to the Services Committee. The
Services Committee consists of bankers who provide the broad knowledge and
experience needed to evaluate various products and/or services. Committee members
may request that VACB staff provide additional information with regard to the
experience of a specific vendor working with other state associations.
After completing this due diligence process, the Services Committee then decides
whether or not to make a recommendation to the VACB Board of Directors for approval.
Contracts with the Endorsed Providers are reviewed annually by the Services Committee
and the VACB. The endorsement is subject to withdrawal at any time if problems arise
with the company's product or service and the necessary improvement is not forthcoming
in a timely fashion. VACB endorsements focus on products and services that will make
your community bank more profitable, more competitive and/or easier to manage. When
considering products and services for your bank, be sure to think of VACB's Endorsed
Products/Services first!
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