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Officers
Megan Trapp
President
Level One Bank
Jason Currie
Vice President
Bodman
Matt Richter
Treasurer
Talmer Bank & Trust
Julie Nowicki
Secretary
Comerica Bank
Board of Directors
Jason Bierlein
Long-term Planning Chair
KeyBank
Carrie Dickinson
Audit Chair
Northstar Financial Group
Chelsea Haftka
Women in Business Chair
Wells Fargo Bank
Peter Leto
Jonathan Martin
Programming Chair
Amherst Partners
Suhas Parekh
Sponsorship Chair
Comerica Bank
Kristen Veresh
Communications Chair
Varnum LLP
Kyle Sasena Education Chair Level One Bank
Zana Tomich
Membership Chair
Dalton & Tomich |
Thank you Sponsors
Platinum Sponsors
Gold Sponsors
Amherst Partners
Dalton & Tomich
Great Lakes
Business Credit
Varnum LLP
Silver Sponsors
Harmon Partners
KeyBank
Plante Moran
Sterling Commercial Credit
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Want to Sponsor RMA East Michigan?
We have general sponsorships and golf sponsorships currently available!
Please contact us:
517-424-0081
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MISSION STATEMENT
The East Michigan Chapter of the Risk Management Association is a member driven organization dedicated to promoting and implementing professional development and relationship building opportunities for the financial and Risk Management industries.
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RMA Credit Risk Certification
Why RMA-CRC?
In today's rapidly changing financial services industry, you need practical, day-to-day knowledge that will help you excel in your profession. You need the latest skills-skills that are current and complete. And you need the demonstrated ability to serve a diverse base of clients. Plus, you need all of your knowledge, skills, and abilities to be validated by a respected organization like RMA.
For more information, check out our website:
www.rmahq.org
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Benefits of RMA Membership
Are you taking advantage of all that RMA has to offer?
- Whitepapers
- Other publications
- Studies
- Access other Members
- Webinars
- Regulatory updates
Check out more here.
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We need your Feedback
We welcome your feedback! Please send us newsletter article ideas, program suggestions, etc...
[email protected]
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Upcoming Events
Thursday, March 21 - March Madness
Networking Event / CJ Mahoney's, Troy
Tuesday, May 6 - Banking Industry Update / Glen Oaks, Farmington Hills
Registration to open soon.
Monday, June 2 - Golf Outing / Fox Hills, Plymouth
Registration to open soon.
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Sponsor Spotlight
Level One Bank and Exporting
Any small business that can provide a product or service to a client outside of the United States can be assisted with export finance. There are many reasons to begin exporting. Diversification of sales across international borders spreads risk, especially if demand patterns differ across borders. Therefore, exporting may boost an individual firm's profitability and stability. Competitiveness is another reason to begin exporting. Because domestic firms have to compete with more firms in the global market, they are likely to strive for the best business practices, the most innovative techniques, and the best use of technology.
The opportunities for export financing are almost unlimited for a bank and include the broadening of relationships, the increase of C&I lending, the ability to attract more deposits and the expansion of treasury management relationships. Through export financing programs, banks can provide short-term working-capital loans for exporters. This financing can be either transaction or asset based. It supports the transaction cycle from the purchase order to the final payment from the foreign customer. Wire services and support for letters of credit are other services that a bank must contemplate to support export financing.
Level One Bank assists companies in marketing themselves through its expertise and strong connections in the marketplace. For example, Automation Alley provides Gold Key Matching services to its members to find new clientele. The Bank often explains these advantages to its clients, and then puts them in touch with the appropriate contacts to make things happen. Further, the Bank works closely with accounting and law firms that are engaged with trade missions and other export oriented sales programs. |
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Metro Detroit Commercial Real Estate Value Update
Many of the bankers with whom we associate share a new, optimistic view of the commercial real estate market. Signs of the recovery seem to be everywhere: new construction can be seen, businesses are profitable and expanding, and there is less news of layoffs/shutdowns, etc.
But what is really going on with the commercial real estate market here in Metro Detroit?
To gain better insight, we asked Gary Goodman, Managing Director, Brokerage Services of Friedman Integrated Real Estate Solutions and Eric Banks, Executive Principal, Partner of CORE Partners, both of whom are experts on the local commercial real estate market. Both firms have focus and experience with the REO departments of banks and welcome any opportunities to work with you on any CRE services you may need. Their contact information is below.
1. How is the overall health of the commercial real estate landscape here in Metro Detroit?
Eric Banks: Generally speaking, we are seeing continued improvement in the market pretty much across the board; of course some sub-markets, and product sectors are faring much better than others. Generally, there is sustained growth, and positive net absorption. Landlords need to give overly generous leasing concessions; incentives are diminishing and rental rates and sale prices are rising, albeit slowly.
Gary Goodman: Things are improving fairly rapidly. Our brokers are very busy, deals are being done, and values and lease rates are coming up across the various property segments. I think the overall sentiment in the market is that of cautious optimism.
2. We are still an automotive manufacturing town. How's industrial doing as far as vacancy, values, new construction, etc.?
Gary Goodman: Industrial is our strongest segment by a long shot. As the autos go, so goes Detroit, and that still holds true. But what's interesting is that the traditional image of industrial is being turned on its head. It's no longer about these giant, dirty, featureless buildings...it's a whole new ballgame. Sure, the tool and die shops still exist and companies are busy making brake components, but there is a whole new shift to high-technology automotive. I'm talking about the companies making the software and hardware for the new interior 'infotainment' systems. Audio systems, touch-screen interfaces, connected vehicles, self-driving cars...
Eric Banks: Yes, we are still an automotive town. The auto manufacturers are selling lots of units, definitely helping to make Industrial CRE Metropolitan Detroit's hottest sector. We are now looking at 9 consecutive quarters with positive net absorption. Detroit's last negative absorption quarter was back in 2011. Since then, more than 17 million sq. ft. has been absorbed, with 1.4 million feet in the last quarter of 2013. We are seeing some build to suits coming back. Both rental rates and sale prices are on the rise. There were 162 industrial leases signed in the fourth quarter of 2013. In some sub markets like Troy, it can be hard to find your client a building to lease or buy and you better not play around with your negotiations too much when you find the right property or you lose the property to someone else.
Complete article here |
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Security In Lending
By Euler Hermes
Business owners and financial executives must continuously balance the cost of doing business with the risk of doing business. Each time a dollar of revenue is produced, all costs of generating that dollar have been thoroughly analyzed in an effort to maximize the profit margin, including costs associated with accounts receivable management. However, the hundreds of billions of dollars in losses associated with bad debt charge-offs in recent years have brought new attention to managing trade receivables from a risk perspective.
Accounts receivable, which typically represent more than 40% of a company's assets, are naturally a vital component of a healthy business. If a major customer is unable to pay its obligations, or if several customers are unable to pay their invoices, there will be a negative impact to cash flow, earnings, and capital. In a worst-case scenario, this could literally put a company out of business. These risks require thorough analysis.
Complete article here |
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Cash Windfalls - Are You Losing Money when Crossing the Border?
by Alex Martin, Clayton & McKervey, P.C.
Who doesn't love an unexpected cash windfall? Whether looking in the laundry room or under the seat cushions of the family sofa, finding twenty dollars - or even a few quarters - can brighten your day. While certainly not as a lucrative as a lottery win, every little bit helps in tough financial times.
Many multinational companies are missing far more than pocket change when conducting business internationally, but they often do not know where to look. Believe it or not, a fresh look at transfer pricing is one tool that is a regularly overlooked opportunity to improve cashflow on a global basis.
What is Transfer Pricing?
Simply stated, transfer prices are the cross-border prices charged on intercompany goods, services, royalties, and other transactions within a company. Transfer pricing is the most contentious tax issue for multinational companies because transfer prices drive how much income tax is paid by country. In over 70 countries, every intercompany transaction has two (or more) tax authorities that can challenge the prices charged across borders.
Read the entire blog here
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Get Involved. Volunteer with RMA East Michigan.
Our chapter presents opportunities for individuals to get involved. Chapters rely on the talents of volunteers to stage many of their programs, conduct membership development efforts, and promote the ideals of the Association. To find out more about how you can get involved in our chapter, contact Sharon Kimble, Executive Director at [email protected] |
Visit us on our webpage here.
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