SDBA eNews

April 20, 2023

Teach Children to Save Day to be Celebrated April 27!

Teach Children to Save is now easier and more fun than ever—both for bankers, and for kids. Whether you impart personal finance knowledge on Teach Children to Save Day or any day of the year, you’re part of this financial education movement.

Help elementary and middle schoolers in your community learn good savings habits through free, banker-led outreach opportunities. Whether you raise financial awareness in your branch, through digital platforms, community events or virtual presentations, you can meet your audience where they are with ease. Check out our communications toolkit for plug-and-play ideas, and screen engaging videos at your leisure that cover topics that matter most to our financial education mission—your K-8 audience will be at the edge of their seats. Whether you use our library of resources, or mix and match with resources of your own, register for Teach Children to Save to show off how your bank advocates for financial education.  

Register for free today, and gain access to all Teach Children to Save program materials and resources through December 31, 2024.


SDBA Committee/Work Group Appointment Requests due April 28

The SDBA will appoint standing committee members for 2023-2024 in May. SDBA committees are: Agricultural Credit, Credit Card, Legislative and Trust committees. The SDBA is also seeking members for four work groups: Education, Emerging Leaders, Technology and Women in Banking. Committee terms are one year beginning May 1, 2023, and ending April 30, 2024. The deadline to request appointment is Friday, April 28.

Current committee members have already been contacted via email and asked if they would like to be re-appointed to their respective committee(s)/work group(s) for 2023-2024. 

If you are interested in serving on a committee or work group, please fill out the form below.

Request appointment.


Register for the 2023 SDBA/NDBA Annual Convention!

From the Badlands to the Great Plains to the Missouri River, it’s no secret that the Dakotas are connected in many ways – including our respective bankers’ associations. In 1993, the SDBA hosted the first SDBA/NDBA joint convention in Rapid City, SD. Join us in Sioux Falls as we celebrate 30 years of partnership – travelling through challenges, navigating obstacles, and driving change. And we will continue to work together to move our banks, our communities, and our industry forward as we answer the question, “Where to NEXT?”

WHAT:       Where to NEXT? | SDBA/NDBA Annual Convention
WHEN:       June 4-6, 2023
WHERE:     Sioux Falls Convention Center, Sioux Falls, SD

Visit the convention website to view the full agenda and to register. 

Hotel information is available by clicking here. The Sheraton Hotel is connected to the Sioux Falls Convention Center and is filling quickly. We encourage you to book your rooms early. 

If you have any questions, please reach out to us at [email protected] or call 605.224.1653.


New Associate Member Joins the SDBA

Steffes Group, Inc.

Contact: Jordyn Seyer, HR Coordinator
Address: 3280 Veterans Blvd Suite 200, Fargo, ND 58104
Phone: 701.970.2643
Email: [email protected]
Website: SteffesGroup.com

As a thriving auction company since 1960, we have been busy selling everything from combines & tractors to tillable farm acreage, hay, and livestock. We also sell an array of assets including construction equipment, large estates, business holdings, and more! From that time forward, the company has experienced a continued growth pattern & an expansion of offered services.


Submit Your Photos for a Chance to be Featured in the 2024 SDBA Calendar

The South Dakota Bankers Association is creating a customized calendar from photographs of South Dakota submitted by South Dakota bankers, their family members and customers. These calendars are exclusive to SDBA member banks and make a great gift for your customers!
If you are an amateur photographer and would like the opportunity to have your creativity displayed in homes and businesses across South Dakota, this is your chance! Send us your photos of farms, barns, agricultural activities, historical South Dakota locations, county fairs, carnivals, parades or festivals, fall colors, winter snowfalls, spring flowers, or summer fun. Any photo that shows the history and beauty of the great state of South Dakota qualifies.

To submit your photos, go to www.sdba.com/scenes-of-south-dakota-calendar. Submission deadline is July 31, 2023. All photos submitted will be judged and the top photos will be featured throughout the 2024 Scenes of South Dakota calendar.

Questions, email [email protected] or contact Haley Juhnke at 605.224.1653.


Prairie Family Business Association Hosting 31st Annual Family Business Conference on April 27-28

Family businesses are the backbone of society.

It takes hard work, persistence, and determination for family businesses to succeed. As family business owners and next generation leaders navigate the unique challenge of overlapping family and business systems, Prairie Family Business Association is here to help.

Prairie Family Business Association is hosting their 31st Annual Family Business Conference in Sioux Falls, S.D. on April 27-28. Gain wisdom from a powerful lineup of family business owners, consultants, and experts from the comfort of your home or office! One virtual registration unlocks access for your whole family. Check out the conference agenda to see the full lineup of speakers and sessions! To register your family, click here


CISA News: The Threat of Artificial Intelligence (AI)

Popular AI tools like ChatGPT are "the biggest issue that we're going to deal with this century” due to the variety of ways they can be used by cybercriminals and nation states.

Read the article featuring CISA Director Jen Easterly here.


  Compliance Alliance logo

QUESTION OF THE WEEK

Q: What is the required charge off date on past due unsecured loans?

A: For overdraft accounts, there is a standard of 60 days for charge offs. However, there isn't one for loans. This would depend on your bank's policies.

 "In addition, overdraft balances should generally be charged off when considered uncollectible, but no later than 60 days from the date first overdrawn."

 Joint Guidance on Overdraft Protection Programs, p. 4 https://www.federalreserve.gov/boarddocs/SRLETTERS/2005/SR0503a1.pdf

Compliance Alliance offers a comprehensive suite of compliance management solutions. To learn how to put them to work for your bank, call (888) 353-3933 or email [email protected] and ask for our Membership Team.

For timely compliance updates, subscribe to Bankers Alliance’s email newsletters.


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Questions/Comments
Contact the SDBA at 605.224.1653 or via email.