What does ABA mean in BANKING

The American Bankers Association (ABA) is a financial trade organization in the United States that was established in 1875. It advocates for policies on behalf of banks at the federal and state level.

ABA provides expertise and resources on banking operations, regulations, and industry trends to its members. Additionally, the association offers educational courses for bank employees and compliance support for their day-to-day activities.

ABA has more than 2 million member banks of all sizes from all 50 U.S. states and territories. The association also has more than 5500 corporate members representing technology companies, hardware manufacturers, software developers, consultants, as well as academic institutions.

Yes, ABA offers various awards such as the Community Commitment Award which recognizes excellence in community service by honoring those who are helping their local communities through volunteerism or donations; the Lifetime Achievement Award which recognizes bankers with exemplary careers; and other awards given to recognize innovation within different banking sectors such as retail banking or commercial lending.

Membership is open to bankers, but non-bankers are eligible to join as affiliate members if they have an active role in working with banks such as attorneys or accountants who advise them on legal or accounting matters respectively.