Fee Income Programs
Infinex - Broker Dealer Service
The MBA Service Corporation has partnered with Infinex Financial Group to offer Broker/Dealer Services to Michigan’s community banks. Infinex is a third party marketing firm created and owned by community banks that focuses exclusively on meeting the needs of the bank and their customers. Whether your bank is setting up a new investment program or has an existing program in place, Infinex has a solution for you. Providing top level support, including employee training programs and a wide array of investment products and services, insurance programs and online financial tools, Infinex can offer your bank more. The bottom line is that Infinex can drive more to your bottom line. Please contact Susan Currier at 517-488-6453 for more information.
Title Agency Ownership Program
MBA Title Insurance program is one of the most uniquely successful programs in the country providing over $9.3 million in dividends with an average ROI of 2,100%. Unlike other Title Companies whose service is based on the branch location providing the insurance, the MBA program provides service from one location with insurance coverage anywhere in Michigan, Wisconsin and Indiana providing the same consistent, exceptional service. It is the only program available with the bank’s protection being a priority.
Harland Clarke Check Printing Program
Great Lakes Capital Fund
Michigan Bankers Association has partnered with Great Lakes Capital Fund to create the Michigan Community Fund (MCF). Historically, financial institutions that didn’t have the means to invest a minimum of $1 million in a multi-investor tax credit had no option to invest in affordable housing. MCF has been created to benefit banks with the MBASC’s goal of "the Power of the Group” by bringing together a number of banks into one fund thus allowing investments as low a $250,000.
This program will enable your bank to reduce your federal tax liability through Low-Income Housing Tax Credit investments. With a superior track record of no foreclosures, a competitive rate of return to the bank through tax credits and losses, and the social and economic impact of investing in Michigan real estate, this fund provides multiple benefits to the Member Banks. For more information, contact Debbie Haught at (517) 342-9081. Download flyer for more information.
Senior Housing Crime Prevention Program (SHCPF)
Recently endorsed by the Michigan Bankers Association, through its for-profit subsidiary MBA Service Corporation, the Senior Housing Crime Prevention Foundation (SHCPF) is a highly successful conduit for banks to earn risk-free CRA loans and investment credit, while achieving above market yields and helping to resolve a problem that plagues society – the exploitation and abuse of nursing home residents. Loans and investments made by banks enable the SHCPF to provide the nationally acclaimed Senior Crimestoppers program at no cost to low and moderate income senior housing facilities. For information on the elderly veterans crime prevention, please visit our Community Reinvestment Act (CRA) Program page.
Michigan Bankers Workers Compensation Fund (MBWCF)
Established July 1981, the Fund makes available to MBA participating banks, their subsidiaries, and qualified MBA associate members Workers' Compensation coverage as required by law utilizing the pooling of risk with the concept of limited risk retention. All unused claims dollars are returned to eligible participating banks. View our Michigan Bankers Workers Compensation Fund page for more information.