ABA (American Bankers Association) consists of elites and all groups of people representing the banking sector in the United States. The organization was established in 1875 to formulate laws and regulations, lawful action, investigation, give customer education and merchandise services that sustain, guide, and support their members. To this date, ABA serves the same purpose it was established for.
Members of the American bankers association comprise banks of all magnitudes and licenses and have employed over two million people. The main source of funds for the organization comes from membership fees from institutional banks and individual members, legal fees, and proceeds from business ventures. ABA provides opportunities for its members to grow by organizing training sessions that enable them to acquire new skills in the banking industry.
The mission of ABA is to enable its members (bankers) to make the population informed by providing financial enlightenment. ABA is involved in public teaching activities especially through its program that educates people to use their credit cards wisely and teaching children to save (Barr, 15).
Works Cited
Barr, Nantes. Economics of the welfare state. New York: Oxford University Press, 2004.