Products and Services Offered Through This Provider

JMFA OVERDRAFT PRIVILEGE®, JMFA ODP Compliance and Performance ReviewSM, JMFA Contract Optimizer, Revenue Enhancement and Expense Management, Process Improvement, Sales and Service, Business Strategies and Planning 

Who is John M. Floyd & Associates?

JMFA offers consulting services and proven strategies to help credit unions generate new income, reduce expenses and create loyal, satisfied members. Over the past 35 years, JMFA has worked with thousands of financial institutions across the nation, improving their performance and profitability. Their consistent, exemplary results have made JMFA one of the most trusted names in the industry. We began our alliance with JMFA in 2003. 

How do credit unions benefit from this strategic alliance?

  • Save 10% off retail through the CUNA Strategic Services program*
  • Improve income, better manage expenses, streamline your organization and make the most of human capital
  • Reach goals faster with proven strategies that save time and money, minimize regulatory scrutiny and identify revenue opportunities
  • Onsite, expert training and follow-up
  • Ongoing success monitoring to ensure results

Why this provider over another?

JMFA’s comprehensive approach sets them apart.  JMFA consultants are with you from start to finish, tracking and monitoring results to ensure you reach your goals.  Their consultants have the experience of working with credit unions of every size and to improve their bottom line.  

Every engagement starts with an in-depth analysis of your credit union and your goals.  From there JMFA creates a customized proposal of programs and services to get you where you need to be based on their insight gained from thousands of successful consulting projects and the latest industry best practices.     

Ready to get started?

  • For more information, call JMFA at 800-809-2307. For information about the alliance with JMFA and CUNA Strategic Services contact Rick Govek at 800-356-9655, ext. 4189, or rgovek@cuna.com

More Information about JMFA Products and Solutions

JMFA OVERDRAFT PRIVILEGE®

This fully disclosed, fully communicated overdraft solution provides a financial safety net for members, and a much-needed revenue source for your credit union. JMFA OVERDRAFT PRIVILEGE® has resulted in sustainable increase in credit union clients’ non-interest income. Benefits include best practices gained through customized installations, a 100% written compliance guarantee for all state and federal regulations, and providing members with a valuable service so they do not need to go elsewhere for their needs. 

JMFA is a pioneer of automated, socially responsible overdraft privilege programs. They provide recommendations for disclosure, notification, account holder education materials and procedural changes that have been reviewed by state and federal examiners without criticism or negative remarks. JMFA offers a superior product and best-in-class service that exceeds regulatory requirements, improves income, and strengthens member relationships.

JMFA ODP Compliance and Performance Review SM
This service ensures your current overdraft program is 100% compliant with the latest regulations, consumer friendly, and helps you recapture lost revenue by evaluating your policies and procedures, training, technology, and program performance.

JMFA Contract Optimizer
Contract renegotiations can mean big savings, with an expert by your side. JMFA Contract Optimizer offers a free, expert analysis of your current contracts to uncover savings opportunities and improve service levels. It’s fast, easy, risk-free and has a 98% success rate in helping credit unions improve their bottom line without reducing services or increasing fees.

Revenue Enhancement and Expense Management
JMFA’s consultants will take an objective, comprehensive look at your credit union to identify new sources of non-interest income and new ways to reduce costs. JMFA’s big-picture approach looks at all the moving parts of your organization – including systems, products, fee strategies and non-labor, non-interest expenses – to help you implement changes to make you more profitable and competitive.

  • Net Operating Analysis – Take a look at both sides of the balance sheet – income and expense.  It can reveal your most likely opportunities and compare your credit union to the industry.  

Process Improvement
Improve the way you operate with JMFA’s time-tested strategies. JMFA will analyze your structure, workflow, human resources and more, provide a roadmap to reengineer your organization where needed, and work alongside your staff to improve productivity and lower your operating costs without diminishing service levels.

Business Strategies and Planning
Achieve and sustain peak performance with JMFA’s objective assessment and thorough evaluation of your strategic planning, corporate governance, management development, succession planning and organizational health. JMFA will recommend and help you implement best practices and proven strategies to strengthen your environment, leadership and results.

*The 10% credit union discount does not apply to the JMFA Account Acquisition program.

 
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What CUs Say About JMFA

Contract Optimizer

“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.”

Lisa Hudson, Chief Financial Officer
NOFFCU, New Orleans, LA 

JMFA OVERDRAFT PRIVILEGE®

"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."

Lori Reeves, SVP Delivery Systems
Financial Partners Credit Union, Downey, CA 

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