VACB Endorsed Providers
Travelers offers a range of insurance protection through Travelers SelectOne+ ®. This flexible product line provides a robust portfolio of insurance options for banks, including D&O, cyber, bankers professional liability, financial institution bonds, ID fraud expense reimbursement, and property/casualty coverages. Additionally, Travelers has a dedicated team of surety experts to service a bank’s surety needs. Visit www.travelers.com for more information.
SHAZAM pioneered the PIN-debit point-of-sale transaction, still used worldwide today. They are the only nationwide, independent, member-owned debit network, processor and core provider supporting community banks. Since they don't answer to shareholders, they can reinvest profits in technologies and client needs as they serve the next generation of consumers. SHAZAM ensures clients that they have the products and services they demand and expect in a cost-effective way. Founded in 1976 and headquartered in Iowa, they are a leader in payments and financial technology, with a simple mission: Strengthening community financial institutions. Visit them today at shazam.net.
ICBA Securities was founded by the ICBA to provide community bankers with quality bank investment products, services and educational activities at competitive market prices.
ICBA Payments/TCM Bank offers a host of payment services for community banks at favorable pricing through arrangements with Certegy Card Services, Inc. and Fiserv EFT.
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.
IMAGE is Source4's centralized supply chain program that will help you to Reduce Operational Expenses and Improve Profits with Source4's IMAGE Supply Chain Management E-Solution. Learn how Virginia community banks are improving their Efficiency Ratio by using Source4's IMAGE solution to manage operational supplies and marketing collateral.
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!