The Corporation for American Banking (CAB) has been providing a variety of cutting-edge products and services to the financial services industry since 1988. CAB's due diligence review and resulting reports on endorsed products are leading CAB benefits for ABA member banks. Available on a complimentary basis to bankers only, due diligence reports may be requested via online or by calling 1-800-BANKERS, ext. 7587.
CAB also offers a number of solutions with specific ABA Member benefits to improve operational efficiency, meet customer needs, save money and compete more effectively. These Member programs include:
ABA Insurance Services
ABA Insurance Services offers bond, D&O, employment practices liability insurance and related coverages to 1,600 community banks across the country. Participating ABA Member banks automatically become shareholders of the mutual reinsurance company, American Bankers Mutual Insurance Ltd, which distributes profits back to participants. Only ABA Members are eligible to share in the distribution. American Bankers Mutual Insurance Ltd. has declared $76.8 million in distributions to eligible member banks since 1991. The program is endorsed by 28 state bankers associations.More.
The Securities Transfer Agents Medallion Program (STAMP)
A guarantee of signature is required by all Transfer Agents before a security can be sold or otherwise transferred. STAMP is the official signature guarantee program recognized and approved by the financial industry and endorsed by the Securities Transfer Association. Purchasing a STAMP Surety Bond assures the financial institution that its guarantees will be immediately accepted for processing by Transfer Agents.
ABA Insurance Services offers the STAMP Surety Bond at a discounted rate to ABA Members. ABA members receive a 15% discount on their STAMP Surety Bond. Limits up to $5,000,000 are available and an additional 10% discount is applied to 3-year premium payments. More.
STAMP Surety Bond
Tel: (800) 274-5222
Web Site: http://www.abais.com/stamp-surety-bonds.aspx
ATM and Branch Transformation Solutions—NCR
NCR provides the only ATM and Branch Transformation Solutions endorsed by the American Bankers Association. ABA members are eligible for preferential pricing on NCR ATM solutions. Learn how NCR’s innovative, industry-leading solutions, including NCR SelfServ™ ATMs, APTRA™ Interactive Teller and Teller Cash Recyclers, can enable your bank to cost-effectively retain and serve more customers while delivering an unrivalled consumer experience. More.
Web Site: www.ncr.com/aba
ABA Financial Institutions Directory—Accuity
Discounted pricing is available exclusively to ABA Members. This exclusive print directory contains information on U.S.-based financial institutions, including information on every head office and branch, balance sheet data, names of key officers, and ABA routing numbers. More.
Tel: 1-800-321-3373 or (847) 676-9600
Web Site: http://www.AccuitySolutions.com
ABA/UPS Overnight Delivery Service Program
ABA Members can take advantage of special shipping rates on select overnight and international letters and packages through the ABA/UPS Overnight Delivery Service Program. Discounted services include: UPS Worldwide Express letters and packages; UPS Worldwide Expedited documents and packages; UPS Next Day Air Early A.M. letters and packages; UPS Next Day Air and UPS Next Day Air Saver letters and packages; UPS 2nd Day Air and UPS 2nd Day Air A.M. letters and packages. More.
Online Enrollment: http://www.savewithups.com/ababankers
Refer to the American Bankers Association Program
ABA/Xerox Office Equipment Program
Guaranteed discounts on copiers, facsimiles, scanners and multifunction systems are available to ABA Members through the ABA/Xerox Office Equipment Program. Contact your local Xerox sales representative or authorized sales agent, and mention you are a Member of the American Bankers Association.More.
To locate a local Xerox representative:
Call the Bankers Hotline: 1-800-275-9376, ext.BANK(2265).
Refer to ABA contract number 0706438 when you purchase or lease.