6 MAY / JUNE 2021 In the last couple of years, the Indiana Bankers Association has been creating member benefits reports of achievements and accomplishments. It’s our pleasure to offer you the 2020 IBA member benefits report, shown on pages 8 and 9 in this issue of Hoosier Banker. This report carries extra meaning because it illustrates that, despite the challenges of a pandemic year, your IBA continued in service to membership, just as you continued in service to your customers and communities. Among the accomplishments shown in the report, we are particularly proud to have expanded college-level educational offerings in Indiana through the establishment of banking minors at two institutions: Ball State University and Purdue University Northwest. Considering that it was just in 2018 that the IBA set a goal to create secondary educational opportunities, this is fast-moving progress that reflects our commitment to the next generation of banking talent. Additionally in 2020, IBA expanded awards and honors, granting two Commitment to Community awards instead of one, bestowing 10 Leaders in Banking Excellence awards, and again presenting two VANTAGE VIEWPOINT Don’t Miss Out! awards at the Banking on Women Conference. We always welcome opportunities to shine a spotlight on our valued members. On this page, pie chart graphs of income and expenses tell an underlying story. Note that less than a quarter of what the IBA spent last year went to management and general administration, while the rest went to providing quality education, training and events; government relations advocacy; product and service offerings; and communications to keep us connected. Conversely, barely more than one-fourth of our income derives from membership dues, a point of pride in the IBA having one of the lowest dues structures among state bankers associations nationwide. Instead of heavy reliance on dues dollars, we gain income from offerings that benefit members, as well as investments and other sources. Thanks to your support, we fared well in 2020. The biggest takeaway from last year, though, is reflected in the COVID-19 response section on the facing page, as detailed by Chairman Zahn. Every portion of the pandemic response had to be implemented with speed and accuracy in order to accommodate your needs while navigating through the unknown. Finally, not shown in the report but deeply appreciated is the strength, fortitude and resilience of the Indiana banking community. Clearly 2020 was a trying year, but a year made possible because of our association with each other, reaffirming that we are stronger together. It was an honor to serve you in 2020, and it remains an honor to serve you in these brighter days of 2021. HB Amber R. Van Til President and CEO Indiana Bankers Association avantil@indiana.bank @grbanker Annual Washington Trip July 18-20 Join the chorus and make your voice heard on industry issues at our nation’s capital. Annual Convention Aug. 15-17 Bank leaders convene, connect and conduct IBA business in scenic French Lick. FLD Leadership Conference Sept. 21-22 Emerging leaders build skills and strengthen networks at this premier FLD event. For event updates, visit: indiana.bank/calendar 27% Membership Dues 4% Communications 28% Education, Training & Events 10% Investment Income 27% Products & Services 4% Contributionss IBA INCOME 5% Communications 24% Management & General 43% Education, Training & Events 20% Government Relations 8% Products & Services IBA EXPENSES
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