2020Q2 STREAM Report

Welcome to our 2020Q2 STREAM Report – NEWCLEUS EXPANDS ITS CLIENT SERVICING AND SUPPORT WITH HIRE OF ANDREA SANDLIN
As a former Business Analyst of BFS Group, prior to her departure, Andrea provided support and service for BFS and Newcleus’ clients in the upper mid-west region. Understanding the importance of retaining those that are responsible for providing the direct day-to-day service and support that our clients have come to expect, we are excited by the opportunity that comes with bringing someone like Andrea on board as a direct member of the Newcleus Account Executive team. As an Account Executive, Andrea will use her experience, knowledge, and talents to promote our synergistic approach with the agents associated with the companies Newcleus powers, maintain uninterrupted support to the Newcleus client-base, and provide timely reporting deliverables via our secure, online servicing platform, Newcleus MINTS.

STRATEGY
Newcleus BOLI Index Classes (“NBI”)*
The Newcleus Bank Owned Life Insurance Index (NBI) is intended to offer the user a “snapshot” of the current BOLI marketplace. The index is intended to guide financial managers’ expectations within the BOLI marketplace and across different BOLI strategies.

Click here to view Newcleus 2020Q2 BOLI Index

Newcleus has entered into an agreement to expand and enhance assessments to twice a year.
Next assessment expected to be completed by end of 2020Q3. Testing will be conducted by RKL, LLP.

As reported by Bank Director’s VP of Research, Emily McCormick, “Throughout the Covid-19 pandemic, banks have relied on their employees to counsel customers and process billions of dollars of Paycheck Protection Program loans — not to mention working behind the scenes as they adapt to a virtual work environment. The crisis reinforces the old adage that good talent is hard to find.”

The 2020 survey shows the skills most difficult to find, hire, and retain, are information security, technology, lending, and risk.

Click here to read the full report and uncover details about the current CEO and director compensation package, succession planning, and board refreshment.

Disclaimer: Please note that Newcleus does not practice accountancy, nor engages in the practice of law. The information contained in this guide should not be considered legal, tax, or accounting advice. Any appropriate review by the bank’s legal, tax and/or accounting professional should precede any action taken on the reliance of the information contained herein – 2020Q2 STREAM Report.

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