New York Bankers Association

ACE College Credit Recommendations

The American Council on Education’s College Credit Recommendation Service (ACE CREDIT) has evaluated and recommended college credit for 12 AIB Online Courses.

ACE CREDIT connects workplace learning with colleges and universities by helping adults gain access to academic credit at colleges and universities for formal courses and examinations taken in the workplace or other settings outside traditional higher education.

For more information, visit the ACE CREDIT website.

AIB Online Course ACE Credit Recommendation
Analyzing Financial Statements In the lower division  baccalaureate/ associate degree category, 3 semester hours in Finance or Accounting
Commercial Lending In the upper division  baccalaureate degree category, 3 semester hours in Banking
Consumer Lending In the upper division  baccalaureate degree category, 3 semester hours in Banking
Economics for Bankers In the lower division  baccalaureate/ associate degree category, 3 semester hours in Economics or Social Science elective
Financial Accounting In the lower division  baccalaureate/ associate degree category, 3 semester hours in Finance or Accounting
General Accounting In the lower division  baccalaureate/ associate degree category, 3 semester hours in Accounting
Introduction to Mortgage Lending In the lower division  baccalaureate/ associate degree category, 3 semester hours in Mortgage Lending or Finance
Law and Banking: Applications In the lower division  baccalaureate/ associate degree category, 3 semester hours in Business Law
Law and Banking: Principles In the lower division  baccalaureate/ associate degree category, 3 semester hours in Business Law
Marketing Financial Services In the lower division baccalaureate/ associate degree category, 3 semester hours in Banking or Bank Marketing
Money and Banking In the upper division baccalaureate/ associate degree category, 3 semester hours in  Money and Banking or Economics
Principles of Banking
(applies to both 16 and 10-week versions)
In the lower division baccalaureate/ associate degree category, 3 semester hours in Banking, Business Administration or Finance

These recommendations apply to current sessions of these courses and are retroactive to the fall of 1999. These recommendations do not guarantee you college credit. The final decision is up to each college or University. The ACE website lists the Colleges and Universities that have agreed to accept the credit recommendations when appropriate.

You need to check directly with the College or University where you want to enroll to obtain information about their current policy.

ACE/CREDIT Transcript Service

For the benefit of AIB students, the ABA participates in the American Council on Education’s (ACE) Transcript Service. The ACE Transcript Service offers a lifelong record for students who have successfully completed AIB courses that have been reviewed by ACE CREDIT. This service enables adult learners to present a nationally recognized transcript to the college or university of their choice for the potential award of academic credit. For more information, visit the ACE CREDIT Transcript Service website.

If you are interested in the ACE transcript service to apply for college credit, you will need to register with ACE at https://www.acenet.edu/transcripts/register (if you haven’t already registered with them).

Then, once you have successfully completed the course, you can register the course at the site above and it will be added to your transcript. To register this course at the ACE site, please type American Bankers Association in the field “Organization Name”. This will pull all of the AIB courses and you can then select your course title.

ACE will notify you by email when your official ACE Transcript is updated and available to you. ACE’s email will prompt you to visit their online transcript site to activate, view, and order a transcript to go to the destination of your choice.

There is no cost for using this registration site. Throughout the registration process, you will be notified by e-mail whenever one of your requests has been approved or denied. When all your requests have been resolved and you’ve received approval(s), you will be notified again by e-mail and given a link to the ACE Online Transcript System. Using the Online Transcript System, you can once again view your complete file, change your address if necessary, and then order your first ACE Transcript. At that time, you will need to pay the one-time fee of $40 to activate your ACE Transcript account. The $40 fee includes your first transcript.

Questions: Call NYBA Professional Development at (212) 297-1679 or elegg@nyba.com

The New York Bankers Association is a Local ABA Training Provider.