COUNCIL FOR FAIR LENDING

BLACK CAUCUS 2008 REPORT

"Lenders You Can Trust.  Only At Borrow Smart Stores!"

BORROW SMART SPONSORS THE ALABAMA BLACK CAUCUS AGAIN IN 2008


What a great event -- second year in a row!


October 2, 2008

 

THE EVENT

The Alabama Black Caucus held their annual meeting on October 2nd at the Grand Hotel in beautiful Point Clear, Alabama.  Caucus members are black legislators from both houses of the Alabama Legislature.  The event was, for the most part, a two day event and we sponsored the dinner this year on the first day of the event.  So, we had top billing.

 

WHO ATTENDED

All but a handful of the caucus members made the trip.  It turns out there were over 25 legislators who attended.  With spouses, friends and others there were close to 100 in attendance.  Those from Borrow Smart were Jaime and Michael Sullivan with the Lobbyist Group, Robin Oliver, Big Communications, Roy Hutcheson Sr. and Roy Jr. with Title Cash, Frank Evans, Bill Ritter, Jackie Smith and Heather Sellers with The Money Store, Manny Arisso with Advance America and Max Wood with Title Loan Express.  Attending from Borrow Smart Mississippi were Meredith Broyles and Kristi Stout, both with Check Into Cash.

 

WHAT WE DID

Much like the event last year, words can not describe how much we enjoyed this event and how successful it was.  This year we sponsored the dinner and made two presentations during the dinner.  First, and the most significant, was the Ipods given away as door prizes.  Each Ipod included our Borrow Smart video for their new owners to see and hear.  So, the stories we want to tell are always with them!  Our Ipod giveaway was clearly one of the "highlights" of the dinner.  Second, we presented a new Borrow Smart video that described who we are and what we do -- and what we have done in the community.  This is the same video that was placed on the Ipods.   If we did not accomplish anything else (which is certainly not the case) these two events alone would have been worth the entire effort.  Everyone in the room got to know the name Borrow Smart Alabama up close and personal, in a fun and positive way!

During the meeting each of us spent a great deal of time with a particular caucus member just "mixing it up" either on the golf course, at the dinner and at the lounge -- and in some cases well into the evening.  During all of this we renewed some good friendships with people, who in some cases, may not be supporters of our industry.  Like last year, we most likely did not change many minds at this meeting (that was not the intent here), but we did get to know one another much better and made some special friends in the process.  And, we communicated to them the initiatives that we had launched in support of their communities.  Those initiatives included a full page ad in the Community ReInvestment magazine, sponsorship of the first annual Alabama Black Achievers Award and the launch of a highly successful financial literacy program.   Clearly, the caucus members are a great bunch of folks and they now know our members and, more important,  what we have accomplished in their community.

 

WHAT WE ACCOMPLISHED

Now that we have gotten to know many of the caucus members, we feel we can work with them to further forge programs that will help them and their constituents in the use of our services.  It is so much more fruitful to work with people you know and respect.  We believe we have taken a step in the right direction by hosting and attending this meeting.   As you know, one of the primary reasons we exist is to develop programs that will improve the use of our services by our customers.  And many of our customers are constituents of the caucus members.  It will take time, but this event will make that task much easier and so much more productive.

 

WE OWE

Certainly, we owe Michael Sullivan, Big Communications and Heather Sellers (The Money Store) a very big "THANK YOU" for helping us to pull this off so successfully again this year.  This was Michael's idea from from the beginning and he made all the right contacts to make it happen.  Big provided us with professionally prepared materials for handouts, presentations and helped us pull the Ipod giveaway off with great success and Heather helped in the planning and on the ground coordination.

CONCLUSION

So, all-in-all, we were well received by the caucus members again this year.  They were genuinely appreciative of our sponsorship and told us so on many occasions throughout the meeting. 

Needless to say, this is probably one of most significant events any of our associations (Modern Financial, TPCA and CFL) hosts.  We know from reports from other states that we must seal the relationships at the grass-roots with those who could easily become our adversaries.  We can't wait until the next Black Caucus meeting!  The Alabama Black Caucus members now know our members by name and they know us on a personal basis.  That can only help our industry, and in particular, our Borrow Smart members!

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