Money Matters: Harnessing Bank Relationships for Nonprofit Success

Описание: In this episode of The NonProfit Nook, host Wendy Kidd is joined by Andrew Lee from First United Bank to discuss the importance of cultivating strong relationships between nonprofits and their banks. With nearly 18 years of banking experience, Andrew highlights key benefits and strategies for nonprofits, emphasizing the importance of open communication and understanding the organization's needs. He also shares practical advice on financial management, internal controls, and common mistakes to avoid. This episode provides valuable insights for nonprofit leaders seeking to strengthen their financial foundation.

Links:
Andrew’s LinkedIn: https://www.linkedin.com/in/andrew-l-...
https://www.bosslevelengaged.com/serv...
https://thenonprofitnook.com/
   / @bosslevelengaged  


00:00 Introduction to Open Communication in Nonprofits
00:21 Welcome to The NonProfit Nook
01:05 Introducing Andrew Lee from First United Bank
01:50 Building Relationships with Your Banker
03:54 Benefits of Having a Go-To Banker
06:09 Common Mistakes Nonprofits Make
13:34 The Importance of Internal Controls
18:24 Key Moments to Consult Your Banker
18:54 The Role of Community Banks
20:13 Identifying Green Flags in Banks
21:38 Purpose in a Pocket: First United's Community Commitment
23:04 The Importance of Nonprofit-Banker Relationships
29:04 Supporting Small Nonprofits
30:32 Final Thoughts and Encouragement
32:31 Conclusion and Contact Information