JMFA, headquartered in Baytown, Texas, is a leader in profitability and performance improvement consulting, helping credit unions add to their non-interest bottom line. We began our alliance with JMFA in 2003.
JMFA is a pioneer of automated overdraft privilege programs with over 30 years of experience, and continues to be an acknowledged authority in the industry. JMFA provides recommendations for disclosure, notification, accountholder education materials and procedural changes that have been reviewed by state and federal examiners without criticism or negative remarks for more than 15 years. JMFA offers a superior product and best in class service.
JMFA OVERDRAFT PRIVILEGE®
Boost fee income along with member satisfaction, without increasing service charge fees. The typical program results are an average of 50-300% increase in non-interest income.
JMFA's free comprehensive analysis will give you an assessment of the costs/benefits of implementing the JMFA OVERDRAFT PRIVILEGE® program.
JMFA Contract Optimizer
Contract renegotiations can mean big savings. Our analysis is free. The result: a 98% success rate. Through a free analysis of the terms and costs of your current contracts, JMFA can help you improve your credit union’s bottom line without reducing services or increasing fees.
When credit unions negotiate their own contracts, they frequently make the mistake of using an existing agreement as a benchmark. This usually results in minimal savings and less than optimal service. JMFA Contract Optimizer provides a free, expert analysis your current contracts to discover areas of savings and improved service that you might overlook. This free analysis alone represents a savings of $1,500 to $2,500 over competing contract consultant fees.
Upon your approval, JMFA will issue a request for proposal and then negotiate in good faith to get you the best deal, period. In many cases this can be with your current provider. By managing the RFP process, JMFA saves your staff time and provides an unbiased recommendation for you to consider. The service is contingency based, so JMFA gets paid only when you save money. We can work with your vendors to negotiate better terms on the products and services you use every day, including:
Non-Interest Income Enhancement
A systems review, creation of new products, and implementation of the right design for maximizing your institution’s income.
Proven techniques for effective workflow analysis and design that increase productivity without sacrificing service.
Sales and Service
JMFA offers a variety of tools and techniques that maximize your product and service delivery system for increased business from your existing account holders.
JMFA Account AcquisitionSM
An account generation program that increases branch traffic and establishes new relationships to provide more cross-selling opportunities and increase fee income.
*The 10% credit union discount does not apply to the JMFA Account Acquisition program.
“JMFA did all of the legwork and negotiating – saving our staff countless hours – and we reaped the benefits of lower costs, improved service plus bonus money that we didn’t expect.”
Chief Financial Officer
New Orleans, LA
"Within the first three months with John M. Floyd, we increased our net overdraft income by $100,000 a month. And our members gained overdraft protection for debit card, bill pay, and other transactions. We’ve received a number of letters expressing how pleased they are."
SVP Delivery Systems
Financial Partners Credit Union
"The JMFA Contract Optimizer team was a great strategic partner in helping us negotiate a fair deal. We are very pleased with our first contract negotiation. We made a good decision to utilize the services of JMFA Contract Optimizer. We look forward to several more contracts to be reviewed and negotiated on our behalf."
President & CEO
Plus4 Credit Union