American Bankers Association - ABA
 |
Definition of 'American Bankers Association - ABA'The American Bankers Association (ABA) is the largest banking trade association in the United States. Founded in 1875, the ABA represents banks of all sizes. The ABA offers a wide range of products and services to its members, in fields such as staff training, insurance, capital management, asset management, risk/compliance and consulting.The nine-digit routing numbers seen on every check originate in a system of bank transit numbers developed by the ABA in 1910. |
 |
Investopedia explains 'American Bankers Association - ABA'The ABA is very active in lobbying Congress on behalf of banking interests. The focus of its lobbying effort in recent years has been the elimination of the tax-exempt status of credit unions. Traditionally, the credit union served a small, highly targeted membership, such as the employees of a company. In recent years, however, credit unions have been able to greatly expand their fields of membership and potential customer pools. Many credit unions now have over $1 billion in assets and rival the size of large banks. The ABA argues that credit unions have become so much like banks that their tax-exempt status is no longer justified. |
Related Definitions
Articles Of Interest
-
Investing In Credit Card Companies
This investment requires keeping an eye on consumer indexes and the overall health of the economy. -
10 Bank-Breaking Money Myths
Just because a belief is common, doesn't mean that it's true. Here we separate fact from fiction. -
Financial Professionals: The Benefits Of Joining An Association
Make a name for yourself among your industry peers by joining a professional association. -
Choose To Beat The Bank
From internet banking to credit unions, it's in your power to cut fees and maximize service. -
Tired Of Banks? Try A Credit Union
These nonprofit organizations can provide a range of services for lower fees. -
Are all bank accounts insured by the FDIC?
The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the U.S. government that protects you against loss of deposit if your bank is FDIC insured. Banks are not mandated ... -
Financial Career Options For Professionals
Find out if spreading your wings to try a new career will make you soar or fall flat. -
Investing In IPO ETFs
Learn the history, rules and risks of investing in IPO exchange-traded funds. -
Finding Undiscovered Stocks
Wall Street tends to focus on large cap stocks, leaving other stocks under-followed and undervalued. -
If I want to have some cash in a liquid account for unexpected emergencies, what is best? A savings account or another type?
It's always a good idea to keep some money set aside in a liquid form, but it's a double-edged sword, because the more liquid your money, the less it's earning. If you never have an emergency, ...
Free Annual Reports
