Benefits of Membership in the
Massachusetts Bankers Association
 

Contacts Meeting reception 

Founded in 1905, the Massachusetts Bankers Association represents over 185 institutions including all banking charters with aggregate assets of more than $1.8 trillion. Through its publications, seminars and conferences, MBA offers its associate members the opportunity to stay in close touch with the industry and the legislative, regulatory and market developments that are influencing its future. Associate members are typically product vendors and professional service providers who have identified financial services as their target market.

Some benefits enjoyed by over 185 Voting members and over 215 Associate members, include:

 

Compliance 

 

Keeping abreast of and help influence Massachusetts laws, regulations and other important agency developments.

Timely Information 

 

Members receive weekly Beacon Hill Reports and Washington Updates together with timely Special Bulletins as important banking issues arise.

Answers 

 

MBA officers respond to many state and federal regulatory questions from our members and serve as an advocate in the Legislature and Congress. Certainly Dodd-Frank will open a new era in banking that will require special attention. Many times all that your staff needs is an answer to the question, “Where do I get ….,” potentially saving your staff and bank hours of valuable time.

Intelligence 

 

MBA offers its members the opportunity to stay in close touch with the industry and the legislative, regulatory and market developments that are influencing its future.

Member Involvement 

 

Voting members are invited to serve on a wide-range of MBA committees, including state and federal legislative, real estate finance, commercial credit and trust committees, to name just a few. It is in these committees and ad hoc working groups, together with the Association Board of Directors, that industry policies and best practices are developed and adopted.

Education 

 

Our wide-range of conferences and seminars keeps members current in areas of compliance, risk, security, finance, technology, essentially all areas of the bank. Training to keep bank staff current on all state and federal regulatory change is provided, live and online, in an economical and timely manner and provides bankers with networking opportunities at all levels of the bank.

Security 

 

We manage a very active security function working closely with local, state and federal law enforcement officers in cases of bank robbery, data breach, and fraud. We sponsor the MassMostWanted.com web site that most bank branch staff consult daily. The MBA also sponsors the MMW TIP Program providing reward money for case breaking tips in bank robbery situations.

Member Services 

 

We assist members with everything from identifying contractors to build a branch to complex compliance questions, software and systems issues, insurance programs, as well as technology and bank security questions to name just a few.

Public Relations 

 

The MBA maintains a proactive public relations department that conducts effective issues management on behalf of our members.

Group Buying and
Research
 

 

The Association has an active research division and we offer close to 40 endorsed products and services to member institutions and Associate members.

Publications 

  You will receive a complimentary copy of the winter edition of the New England Bank Directory, the “Blue Book” annually in January along with our Massachusetts Banker magazine each quarter and the bi-weekly e-News. A complete list of MBA bank publications can be accessed on www.massbankers.org.
     

 

 Additional Benefits for Associate Members 

  • The use of the Association job code mailing list twice each year for marketing purposes (certain restrictions apply)
  • A company listing in the Association membership directory and on our website in categories of your choice with a link to your website
  • Member rates at conferences, seminars, and for advertising
  • An open invitation to submit educational articles for our bi-weekly e-News
  • A free ad linked to your web site when your article is published in the e-News
  • An opportunity to be considered as a presenter in one of the many MBA seminars offered to members each year.

Associate corporate dues are currently $1,295.00 per year, for the first year, pro-rated based on date of entry, and $1,100.00 per year thereafter. Firms joining after July 1, and before January 1, are required to join for the remainder of the current year and the next full calendar year at $1295.00. There are no individual memberships.  Fill out an Associate Membership Application. The Board will review your application at its next meeting.  Please do not send membership dues with your application. The board of directors must approve all applications. You will be invoiced upon approval by the board.

For our endorsed vendors we: 

  • Announce relationship to CEOs and general membership periodically;
  • Link web sites;
  • Promote through free ads and articles in bi-weekly e-News;
  • Conduct webinars to demo the product to members banks;
  • Publish articles in the quarterly Massachusetts Banker as appropriate;
  • Periodic banner ad on massbankers.org Home Page;
  • Speaking opportunities as appropriate at various educational forums and breakouts sessions;
  • USPS mailings of promotional materials;
  • Distribution of marketing materials through take-one table at seminars and convention; and
  • We can also introduce the product to the other state banking associations. We have a close network, meeting annually and speaking with each other on a regular basis recommending various products and services
     

If you have any questions, please contact Annie Coldstream, manager, grassroots and member services at (617) 502-3816.

 



Massachusetts Bankers Association | One Washington Mall, 8th Floor,  Boston, MA 02108-2603 | Phone: (617) 523-7595
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