McCrary Appointed to ABA Council
We’re proud to announce that our very own 1st VP of eCommerce and Emerging Technology, Mike McCrary, has been appointed to American Bankers Association’s (ABA) Banker Advisory Council for a three-year term.
This council is a team of only 12 leaders in the industry nation-wide, which makes McCrary’s inclusion that much more impressive. The council is purposed to drive economic growth for bank’s customers and their communities through strategic guidance and products that drive advancement. They provide the ABA with direction relating to the industry and specific product recommendations on areas to research and possibly endorse.
McCrary has attributed this honor to his shared focus with LSB on community banking and technology advancement. “I started in banking with LSB 15 years ago,” said McCrary. “Over time, I became very interested in new technology, both internal and customer-facing. That interest, coupled with a desire to understand what our role as a community bank might be in the fast-growing fintech space, moved us to create a department dedicated to ecommerce.”
ABA Council is Optimistic
Lisa Gold Schier, the Managing Senior Vice President for the ABA, believes McCrary’s expertise in working with start-ups companies and his knowledge of the digital landscape make him a great candidate. “He is aware of bank-ready start-ups, he understands the importance of partnerships and has implemented new technologies at Lincoln Savings Bank,” said Gold Schier. “This expertise fits in with the vision of the council as we are focused on the digital ecosystem.”
McCrary wants to make an impact by helping to continue the LSB story of being a leader in technology. “In 1976, we were the first bank in Iowa to install the ‘modern’ NCR 399 Computer-Disc System,” said McCrary. “We were also an early adopter in offering our customers online banking. The next big change, fintech, is underway and it represents an important opportunity for us.”
Chair of the council, Bryan Luke, seems hopeful that McCrary will help to move the ABA council forward by implementing changes in Iowa. He said, “our focus is evaluating evolving technologies and providing strategic guidance to our bankers on how best to incorporate new solutions into their business model.” Luke acknowledged the prestige associated with being appointed to the council. “Bankers know that if a product is endorsed by the ABA, the product and the company that offers the product have undergone extensive due diligence and the ABA stands behind that product.”
What sets McCrary apart is not just his desire to make technological progress in banking, but his passion for his community, which is apparent from his involvement throughout his career. He was a board member of the Waterloo Cedar Falls Symphony Orchestra for ten years and served as board president for two years, he has served on the Cedar Valley Alliance and Chamber Ambassador’s committee, started LSB’s membership with the Iowa Technology Association, served as judge at Cedar Valley Startup Weekend and is chair of the Greater Cedar Valley Alliance Government Relations Committee.
He believes Lincoln Savings Bank can make a positive impact in the technology and outreach fields. He said his vision is “to create unique partnerships that combine the heart of community banking with the latest and best technology.”
Please join us in congratulating Mike on this honor. We look forward to seeing the impact he will make for the entire banking industry!
Lincoln Savings Bank, Member FDIC