Financial institutions provide the substance of IOLTA.

WisTAF

 

Contingent on interest rates, IOLTA (Interest on Lawyers Trust Accounts) funds help sustain providers of invaluable legal services such as helping people combat discrimination, resolve disability claims, become independent from an abusive partner, and much more.

 

Prime Partners

Support funding for civil justice. Bank at a Prime Partner financial institution today.

Prime Partners, listed below, are IOLTA participating financial institutions that go above and beyond IOLTA participation requirements by choosing to pay interest rates on IOLTA accounts that are at least 50 basis points (0.50 percent) higher than required under the Wisconsin Supreme Court’s IOLTA interest rate comparability requirement. The additional interest results in more funding for civil legal aid in communities throughout Wisconsin and, in return, Prime Partners receive special recognition from WisTAF.   


Since September 2007, the Federal Reserve has lowered the Federal Funds Target Rate from 5.25% to a range of 0.00% to 0.25%. Because the rates on many accounts are linked to the Federal Funds Target Rate, IOLTA revenue has decreased dramatically during that period, leaving far less funding available to agencies providing legal services to those with the greatest need.

Attorneys and law firms can help sustain IOLTA and civil legal aid to low-income Wisconsinites by doing one of the following:

1. Bank at a Prime Partner financial institution. 

2. If you do business with a non-Prime Partner, encourage the financial institution to become a Prime Partner by contacting the financial institution directly.

Financial institutions can contribute to the health and well-being of their communities by becoming a Prime Partner today.

 

 

What do Prime Partners receive in return for supporting their communities?

In addition to helping you meet your financial institution's objective of increased social responsibility, your Prime Partner status offers you a powerful communications and marketing tool to gain an advantage in the highly competitive legal market. In return for your commitment, your bank will benefit from special recognition, resulting in increased statewide visibility. Prime Partners will:

  • be highlighted as a Prime Partner on WisTAF’s publicly-available List of Eligible IOLTA Participating Financial Institutions - an important resource used extensively by attorneys in certifying their trust account status and choosing banking relationships
  • receive an active link from the WisTAF Web site to its own Web site via its logo image
  • periodically be highlighted on the WisTAF Web site in its Prime Partner Spotlight on the Web site's highly visible homepage
  • be highlighted in an annual Wisconsin Lawyer magazine ad. The Wisconsin Lawyer is a statewide publication distributed to all Wisconsin-licensed attorneys, judges and other subscribers (circulation: approx. 23,000)
  • receive publicity in other law-related newsletters/journals throughout the state
  • be included in letters to attorneys who open new IOLTA accounts advising them of their chosen financial institution’s Prime Partner status
  • have access to use the official Prime Partner logo on its marketing and communications vehicles targeted at potential customers
  • receive a CRA statement to use in reporting its IOLTA program participation to applicable federal and state regulatory agencies

To join WisTAF's Prime Partner program today, call or send an email to Program Assistant Tehmina Islam at 608.257.6845.

 

UPCOMING MEETINGS & EVENTS
WHAT'S NEW
Hurricane Maria Relief Efforts - Fondo Legal de Emergencia
Hurricane Harvey Legal Aid Fund
2017 Direct Legal Services Grantee Mid-Year Report Materials Now Available
Now Available: WisTAF 2018 Direct Legal Services Grant Application Materials
WisTAF 2016-17 DVSA Civil Legal Services State Appropriation Grant Annual Report Materials Now Available

More...

PRIME PARTNER SPOTLIGHT

A Prime Partner member of the Wisconsin IOLTA program since 2010, Mound City Bank strives to be the most admired community bank in the State of Wisconsin. Mound City Bank goes above and beyond IOLTA participation requirements by paying additional interest on its clients' IOLTA accounts - helping to expand access to civil legal services in Wisconsin.


Contact us
WisTAF
825 Williamson Street, Suite A, Madison, WI 53703
Phone: 608.257.6845 or 877.749.5045 (toll-free)
Email: service@wistaf.org

Board & Staff
WisTAF
Board of Directors
WisTAF
De Ette Tomlinson, Executive Director
WisTAF
Rebecca Murray, Assistant Director
WisTAF
Tehmina Islam, Program Assistant

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