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AIB Catalog
A Brief History of AIB
In 1899, Joseph Chapman, a note teller at the Northwestern Bank in Minneapolis, arranged a course in commercial law for a small group of bank clerks. This was the first step in a growing educational movement that led to the establishment of the American Institute of Bank Clerks (AIBC) in 1901. The name was changed to the American Institute of Banking in 1907, and today, almost a century later, AIB continues to provide quality, cost-effective education and training to bankers across America, and around the world. As the largest industry-sponsored adult education program in the world, AIB benefits over 150,000 bankers who enroll in its courses each year.
The American Institute of Banking continues to change in order to meet the financial services industry's needs.
Flexible Study Options
AIB offers you a convenient variety of study options. Through NDBA, a local ABA Training Provider, you can take timely, banking-related education and training courses in your own community. In addition, many AIB courses are now offered over the Internet.
AIB Distance Learning Courses
If you want to get ahead in your job, better serve your customers, and learn even more about banking, but cannot enroll in a traditional classroom course, you have two forms of distance learning delivery to choose from- enroll in the AIB online courses offered over the Internet.
These courses apply to various skill levels and areas of responsibility in the bank. You can choose from basic banking principles, accounting, commercial lending, banking law, mortgage lending, and many others. All are designed to help you become a more effective banker.
Internet Courses
Courses on the Internet are available in two formats: instructor-led and self-paced. The instructor-led courses may be five to 16 weeks long, depending on the title. Instructor-led courses start and end on specified dates. Students may get on the Internet at any time during the day or night to complete assignments. Textbooks are sent to students prior to the beginning of class. Assignments and examinations are completed on the Internet.
Self-paced classes are from two to eight hours long, and students can begin at any time of the day. All course work is on the Internet, and no textbook is needed. A student can finish a course in one sitting or several. Instructors are available for questions and guidance. Assignments and examinations are completed on the Internet.
Credit for AIB Courses
AIB credit is awarded for satisfactory completion of courses in the AIB national curriculum that meet accepted academic standards and provide at least 3 hours of instruction. One instructional hour equals 50 minutes of classroom time. The number of instructional hours determines how many credits you earn:
0 credit/0-2 Instructional Hours
1/4 credit/3-4 Instructional Hours
1/2 credit/5-14 Instructional Hours
1 credit/15-29 Instructional Hours
2 credits/30-44 Instructional Hours
3 credits/45-59 Instructional Hours
Recommended instructional hours and AIB credits are included in the course description section of this catalog. You should consult a Local ABA Training Provider to find out how many AIB credits a course carries.
Student Records
All AIB student record keeping is performed by NDBA.
Student Transcripts
Requests for an official transcript should be made, in writing, to NDBA. (A fee may be charged for this service.) Note: AIB will not make grade changes for courses taken more than five years before the date of the request.
Grading Policies
The American Institute of Banking uses an official letter grading system for courses eligible for AIB credit. Policies for the use of letter grades are as follows:
All 2- and 3-credit courses have course objectives, require at least a final examination, and receive a letter grade of A, B, C, D, or F.
All 1/4-, 1/2-, and 1-credit courses that have a written final exam (or another evaluated measure of learning) may receive a letter grade of A, B, C, D, or F. Those 1/4-, 1/2-, and 1-credit courses that do not have an evaluated measure of learning will receive a P or F.
| A |
90% - 100% |
| B |
80% - 89% |
| C |
70% - 79% |
| D |
60% - 69% |
| F |
59% or below |
| I |
Incomplete. This grade is recorded
if you are unable to complete the work in a course by the examination
period for legitimate reasons. If the work is not completed within one
year of the examination period, an I grade automatically becomes an
F. |
| P |
Passing. This grade is most often
used for shorter courses for which the letter grading system is
inappropriate. The P grade is excluded from a calculation of grade
average. |
| T |
Transfer Credit. This grade is
recorded for transfer credit from accredited colleges and universities.
Only courses completed with a grade of C or better may be considered for
transfer credit. The T grade is excluded from a calculation of grade
average. |
| W |
Withdrawal (Passing). This grade is
recorded if you decide to withdraw before the midpoint of the course.
After the midpoint, this grade may be assigned if it is clear that passing
work was done and the reasons for discontinuing were beyond your control.
There is no penalty attached to this grade. |
| X |
Withdrawal (Failing). This grade is
recorded only if you withdraw after the midpoint of the course and were
doing failing work. It automatically becomes an F if you do not make up
the work within two calendar years of the recorded
date. |
AIB instructors cannot earn AIB credit for teaching AIB courses. Instructors may obtain an evaluated measurement of learning and AIB credit for a course through AIB's Testing Out Program.
Transfer Credit
As an AIB student, you may receive transfer credit toward AIB diplomas described in this catalog. Credit may be transferred only from college courses completed at an accredited post-secondary institution, if the course meets AIB requirements. Where the accreditation status of an institution cannot be firmly established, you may participate in the AIB Testing Out Program, in which you can receive full credit by passing an examination on the subject.
For information about the number of transfer credits that may be applied to any AIB diploma, please refer to the diploma worksheets. The maximum number of credits received for any transferred course is 3.
You must apply for transfer credit by letter, or on the appropriate form available through NDBa. Correspondence must include your name, social security number, and bank name and address. An official transcript of your record from the accredited institution must accompany the application. The transcript must show the date of the credit, the name of the course, the number of credit hours, and the grade received. Only courses completed with a grade of C or better may be considered for transfer. Courses completed Pass/Fail will not be considered for transfer credit. A fee may apply, so please check with NDBA before submitting your request.
College Credit for AIB Courses
Colleges and universities, at their discretion, may accept the transfer of AIB credits. When applying for the transfer of AIB credits, you should NDBA to send an official transcript directly to the appropriate college or university. The request should include any transcript fee, your social security number, dates when courses were completed, the Local ABA Training Provider where completed, and the institution's mailing address.
ACE Credit Recommendations
Over 50 nationally-developed AIB courses have undergone the American Council on Education's College Credit Recommendation Service review process. These courses have been recommended by ACE for college credit equivalence. What do ACE credit recommendations mean to you, as an AIB student? They can facilitate the transfer of your AIB credits to a college or university. ACE credit recommendations are accepted at thousands of institutions, from local community colleges to nationally known universities.
Some Local ABA Training Providers, having demonstrated that they have met or exceeded certain educational standards set by the American Council on Education, have been designated by ACE as Authorized Instructional Sites. These approved organizations are permitted by ACE to make the ACE credit recommendations for AIB courses available to their students. Your Local ABA Training Provider can advise you whether it is an ACE Authorized Instructional Site, or call 1-800-BANKERS for that information.
State Banking School Credit for AIB Courses
Prerequisites for certain state banking schools, sponsored by state bankers associations, can be met by completing AIB courses.
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