CAB's president, John Wolff, talks about CAB's due diligence process in this brief video.
ABA-endorsed solutions address bankers' latest concerns.
Operating in today's volatile climate is more challenging than ever before. CAB has enhanced its portfolio of solutions to help banks more successfully meet their compliance obligations, strengthen their operational and organizational risk posture, as well as provide valuable thought leadership on the Dodd-Frank Act.
ABA Insurance Services
Meeting community bankers' evolving needs for nearly 25 years, ABA Insurance Services has provided D&O, Bond and related coverages and free loss control programs to community banks. Today more than 1,600 banks from all 50 states are insured through the program. American Bankers Mutual Insurance, Ltd., the program's reinsurer, has paid $76.8 million in profit sharing distribution to ABA member banks participating in the program. Learn more.
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Who We Are ... What We Do
ABA's Corporation for American Banking, L.L.C. (CAB) awards the ABA endorsement to products and services that help banks improve profitability, operate more efficiently, and compete more effectively. ABA-endorsed programs range from mission-critical insurance and a variety of compliance and technology resources, to solutions that help banks diversify income and improve customer engagement.
About the ABA Endorsement
CAB's mission is to meet our members' needs through product evaluations and thorough vendor due diligence. ABA Members benefit from the research that CAB conducts on a wide range of bank products and services.
Before any program is awarded the exclusive ABA Seal of Approval, CAB puts it through an extensive due diligence review, including independent analysis by industry experts and testing and validation by bankers in the field. When a solution bears the ABA Seal, you can rely on that solution to provide top quality performance and reliable results
To earn the ABA endorsement, products must: - meet stringent quality standards
- fulfill industry needs
- provide efficient quality service
- provide potential for revenue and/or savings to participants, and a competitive advantage
- be offered on a national basis
CAB's thorough due diligence on each product/service includes careful evaluation of several key criteria, including:
Financial Soundness
Management Strength
Sales/Marketing Plans
Customer Service
Scope of Service
Training Program
Technology
Stable Market Presence
Economic Benefits
See our complete listing of industry leading providers and endorsed solutions here.
Banker-Driven
CAB utilizes a number of ABA committees to target and prioritize the right products for endorsement, with oversight provided by CAB's Advisory Council of bankers and ABA's Executive Committee and Board of Directors. Those programs that meet a core need within the community bank market may be identified for further consideration. However, only a limited number of products and services will undergo CAB's strict due diligence review.
Effective Partnerships
Currently, 43 state bankers associations co-endorse at least one ABA-endorsed solution and help market these programs to thousands of banks across the country. Involvement of the state bankers associations strengthens CAB's ability to showcase our solutions to bankers nationwide and meet the business needs of our bank members.
Corporation for
American Banking, L.L.C.
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For more information about CAB's due diligence process, contact:
Lisa Gold Schier
(202) 663-5098
lgoldsch@aba.com