About LOMA Societies

LOMA Societies provide Society members, LOMA students, and other financial services professionals with opportunities for continuing education and professional development.

As a financial services professional, you want a career that is both challenging and rewarding. LOMA Societies provide a great way to achieve that goal.

Today’s LOMA Societies have evolved out of the 40+ FLMI Societies that have been formed since 1943. Although most Societies have long-granted associate membership to all LOMA designees (not just FLMIs), these associate members did not enjoy all the rights of membership, such as voting and holding office. In 2003 the Society Committee decided to extend full membership rights all designees and to change the Societies’ names to reflect the broader participation.

Societies were formed with the following objectives in mind:

• Promoting continuing professional education

• Fostering recognition of the FLMI designation

• Assisting others to earn the FLMI designation 

• Encouraging professional, educational, and social relations among FLMIs, students, and other financial services professionals

• Make valuable contacts
• Hear the latest in industry trends from speakers at Society functions
• Gain valuable insights into how other companies operate
• Enjoy contributing to your community through Society sponsored community service projects

• Hold three or four dinner or luncheon meetings a year. Meetings usually feature a speech on a topic of current interest in the financial services industry and a session regarding Society business.
• Offer an annual seminar or workshop.
• Sponsor review classes for LOMA examinations when classes are not offered by local companies.
• Mentor LOMA students on a one-on-one basis, offering advice and encouragement to students pursuing the designation.
• Work with area colleges to obtain credits for LOMA courses completed.
• Honor new FLMIs and other LOMA designation holders by hosting a recognition banquet (a boon for companies unable to offer recognition programs on their own). 
• Create good will for the financial services industry through involvement in community outreach and charitable programs.

How Do Societies Operate?

• LOMA Societies are affiliated with LOMA, yet operate independently.
• A group of FLMIs interested in forming society or interest group contacts LOMA
• LOMA provides the necessary information and mailing lists to survey area interest, and, if interests warrant, form a new society
• Each society submits its bylaws to LOMA for approval; LOMA then sends the society an official charter.
• Each society elects officers and a board to manage the society.
  • Many societies also have committees that handle specific functions, such as membership, programs, public relations, audit, and education.
  • These committees report to the society’s board.
• Each society elects a representative to the LOMA Society Committee. The committee representative serves as the principal liaison between the society and LOMA.
  • Unlike the other one-year board terms, the committee representative serves for three years in order to ensure continuity.
  • The LOMA Society Committee is a standing committee of LOMA; therefore, the committee representative must be an employee of a LOMA member company.
  • The Society Committee meets once a year to discuss policy issues faced by LOMA Societies.
  • It is responsible for advising LOMA on matters relating to the societies, enabling LOMA to assist societies wherever possible.

To join the LOMA Society of Eastern New England, click here.

To find a Society in your area, click here.