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2011 40 Under 40 Honoree: Derek Fraley

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As vice president and treasurer at Guaranty Bank, Derek Fraley is responsible for asset liability management, portfolio management and implementation of funds transfer pricing. Since joining Guaranty in 2008, Fraley has logged a growing list of accomplishments, including building – from scratch – the tools to track and manage a $145 million bond portfolio.

His work in the financial realm – at UMB Financial Corp. and UMB Bank prior to Guaranty Bank – have not gone unnoticed, as the 35-year-old has been tapped to share his expertise with others though the Graduate School of Banking in Madison, Wis.

He already has conducted webinars for the school, but he’ll soon step educational efforts with the program up a notch.

“Starting this year, I will go on-site in early August each year to teach about asset liability management, liquidity management (and) capital planning,” Fraley says.

On the financial front, Fraley says he is most proud of his efforts to combat southwest Missouri’s level of poverty and lack of financial literacy, which can leave people vulnerable to payday loans
Fraley approached Brian Fogle, president of Community Foundation of the Ozarks, and Judy Hadsall, president of City Utilities Credit Union, to explore ways credit unions could help bridge the gaps sometimes filled by high-interest payday loans.

“Together, we researched market solutions, finally landing on the Stretch Pay program,” Fraley says, noting that initial plans call for the program to be offered through six Green County credit unions. “The program will cut the average payday loan rate by more than 400 percent and provide savings accounts to those entrenched in the cycle of payday lending.”

Fraley, an adjunct faculty member at Drury University’s Breech School of Business, is president of Ozark Bankers Association and the budget and audit officer for the board of the Battlefield Fire Protection District, and he’s involved with numerous other community groups. He also provided a mechanism for ongoing support for Missouri State University’s Meyer Library after taking a class at MSU about the history of books and libraries.

“I found out that the rare books and special collections area of Meyer Library has among the best conservation and preservation facilities in the state (but) no budget for material procurement,” Fraley says. In response, he launched the Rare Books and Special Collections Endowment, making the lead donation to the fund through which the school can buy materials. He also helped organize the William Daggett Society, which raises awareness of materials and leads fundraising efforts for the endowment.

“As the university becomes a repository and custodian of many excellent primary materials, it will become more competitive in the recruitment of a different level of student and faculty,” he says. “This will help the university in its stated mission to become more of a research institution.”

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