Membership

Benefits, Publications & Services

Membership Benefits

Member Publications & Seminars
Discounted Legal Services
Investment Opportunities

Membership Benefits

Member Publications
Each member receives the FICC Compliance Manual and Operations Manual, which contain detailed outlines, supported by legal citations, of various laws and regulations governing financial institutions.

Each member receives access to the FICC News, a periodic update of matters that are of concern to members that they do not receive from other sources in the depth provided for in the News. The News addresses day-to-day legal issues faced by financial institutions, with special emphasis on issues specific to operations within Michigan.

Members Only Web Site

Publications and more are available on our members-only Web site. Current editions of the Compliance Manual and Operations Manual, as well as current and back issues of the News, are available 24 hours per day in full-text searchable format. Members can print individual copies of FICC publications from the Web site at any time. The site also contains links to other Web sites useful to financial institutions.

Member Seminars

The FICC offers seminars tailored to the needs of financial institutions. Our seminars provide timely and in-depth analyses of topics such as the USA Patriot Act, privacy, bank secrecy, deposit issues, and employment laws affecting financial institutions.

Discounted Legal Serivces

Member institutions may retain services of Bodman attorneys at all of our offices at a substantial discount compared to our standard rates. Discounts are available for all of Bodman’s legal services, including regulatory matters, compliance, litigation, insurance and securities, organizational matters including bank holding company, financial holding company, and financial subsidiary formation, mergers, acquisitions, and de novo charters. The discount alone may recover the institution’s investment in FICC membership within a short period.

Additional Benefits

Free Seminars
Discounted Legal Services

Membership Investment

Invest

One-time membership fee

Members receive a monthly statement for their proportionate share of services provided to the FICC as a whole.  The amount a member pays depends upon the services provided during the prior month, certain expenses, and other factors.  Dividing the cost of services among the member financial institutions allows us to provide the highest quality, specialized legal services at a reasonable cost.

Membership Information

Contact Us

For more information about membership in the Financial Institutions Compliance Cooperative, contact Melissa Bridges of our Cheboygan office by email atmbridges@bodmanlaw.com or by telephone at 231-627-8000.

Other Bodman Services

In addition to the services described in the Membership Benefits area, dozens of specialists in Bodman’s Banking Practice Group offer services including:
  • Loan structure advice and documentation, review and negotiation of secured and unsecured commercial loans, industrial revenue and other tax exempt bond transactions, letters of credit, bankers acceptance and other credit facilities
  • Workout and bankruptcy services, including counseling lenders on loan structure and lender liability issues, especially those relating to the covenant of good faith and fair dealing, fiduciary duties, equitable subordination and fraudulent
  • Specialized litigation services, including lender liability matters
  • Environmental counsel on legislative and regulatory developments and compliance
  • Advice on electronic banking, vendor contracts, data security, and intellectual property issues
  • Advice on the role of banks as corporate trustees under bond indentures and other debt issues
  • Representation of financial institutions as lead bank in multi-bank credit facilities

Bodman has more than 150 attorneys in five offices with expertise in many areas of interest to financial institutions. In addition to banking law, Bodman’s primary areas of practice include:

  • Appellate
  • Automotive and Industrial
  • Aviation Law and Finance
  • Bankruptcy and Debtor-Creditor Rights
  • Business
  • Construction
  • Data Privacy and Security
  • Emerging Companies and Venture Capital
  • Employee Benefits and Executive Compensation
  • Enterprise Procurement
  • Environmental
  • Health Care
  • High Net Worth (including probate and estate planning)
  • Impact Investing and Exempt Organizations
  • Insurance
  • Intellectual Property
  • Litigation and Alternative Dispute Resolution
  • Municipal Law and Public Finance
  • Real Estate
  • Tax
  • Workplace Law

Contact

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