trade association Definition | Business Dictionaries from AllBusiness.com
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Business Definition for: trade association
trade association

organization, usually a not-for-profit corporation, that is comprised of and supported by members engaged in a particular type of business and thus having common interests. Trade associations typically engage in advocacy activities, legislative and congressional lobbying, public and membership information services, research and education, and other functions promoting the interests of the particular industry group.

trade association

nonprofit mutual benefit organization formed to provide services for its members, promote education and professional standards, and influence governmental agencies through lobbying. There are numerous trade groups representing commercial banks and savings institutions in the United States, operating at the state level and nationwide.

Major trade groups in banking are the following:

-ABA Marketing Network, an affiliate of the American Bankers Association dedicated to financial marketing in commercial banks, Washington, D.C.

-American Bankers Association, national trade association of commercial banks in the United States first organized in 1875. ABA represents the commercial banking industry in dealings with Congress and federal regulatory agencies, and promotes professional development through banking schools, seminars, and its education arm, the American Institute of Banking.

-American Council of State Savings Supervisors, Washington, D.C.,representing regulators of state chartered savings and loan associations.

-America's Community Bankers, Washington, D.C., representing savings banks and savings and loan associations active in consumer and small business lending.

-Bank Insurance & Securities Association, Wayne, Pennsylvania; bankers marketing insurance, securities, and investments through financial institutions.

-Bankers Association for Finance and Trade, Washington, D.C.; commercial banks active in cross-border trade and global payments.

-Bond Market Association, New York, N.Y., association of dealers in U.S. government securities, mortgage and asset-backed securities, and municipal securities.

-Conference of State Bank Supervisors, Washington, D.C., serving supervisors of state chartered commercial banks and savings banks, and dedicated to maintaining the dual banking financial system.

-Consumer Bankers Association, Arlington, Virginia, representing commercial banks and savings institutions active in the retail financial services industry.

-Credit Union National Association, Madison, Wisconsin, representing the majority of U.S. credit unions, through state credit union leagues.

-Electronic Funds Transfer Association, Herndon, Virginia, a multi-industry association representing financial institutions, service organizations, and manufacturers dedicated to promotion of electronic payment services.

-Financial Services Roundtable, Washington, D.C., representing executive officers of bank holding companies and commercial banks in cities that have a Federal Reserve Bank.

-Financial Women International, Roseville, Minnesota, a group representing women holding executive positions in banking institutions.

-Independent Community Bankers of America, Washington, D.C.,representing independently owned commercial banks. About half of the commercial banks in the United States are ICBA members.

-Institute of International Bankers, New York City, representing foreign banks doing business in the United States.

Mortgage Bankers Association of America, Washington, D.C.; residential and commercial mortgage lenders and underwriters.

-National Association of Federal Credit Unions, Arlington,Virginia, representing federal credit unions chartered by the National Credit Union Administration.

-National Bankers Association, Washington, D.C., a trade group representing minority-owned banks.

-National Automated Clearing House Association, Herndon,Virginia, a trade group promoting uniform rules and standards for Automated Clearing House associations.

-Risk Management Association, Philadelphia, Pennsylvania, representing commercial loan and credit officers at banks and savings institutions.

-Risk Management Association, Philadelphia, Pennsylvania, representing commercial loan and credit officers at banks and savings institutions.

See also American Institute Of Banking (AIB) , Bank Administration Institute
Copyright © 2006, 2003, 1998, 1995, 1991, 1987, 1985 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.
Copyright c 2006, 2000, 1997, 1993, 1990 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.

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