The National Association of Credit Management (NACM) is a

United States The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 ...

non-profit organization based in

Columbia, Maryland Columbia is a planned community in Howard County, Maryland, United States, consisting of 10 self-contained villages. With a population of 104,681 at the 2020 United States census, 2020 census, it is the second-most-populous community in Maryland ...

that promotes standards for the business-to-business credit profession. , NACM had more than 15,000 members, primarily of credit and financial executives representing manufacturers, wholesalers, financial institutions, and service organizations. The

trade association A trade association, also known as an industry trade group, business association, sector association or industry body, is an organization founded and funded by businesses that operate in a specific Industry (economics), industry. Through collabor ...

specializes in education for its membership, advancement of credit industry practices as well as business credit and

accounts receivable Accounts receivable, abbreviated as AR or A/R, are legally enforceable claims for payment held by a business for goods supplied or services rendered that customers have ordered but not paid for. The accounts receivable process involves customer on ...

management products and services. NACM’s education, training and professional certification programs include the Credit Business Associate (CBA), Credit Business Fellow (CBF), the Certified Credit and Risk Analyst (CCRA) and Certified Credit Executive (CCE) designations, among others. NACM’s annual conference, Credit Congress, is the industry's largest gathering of credit professionals. Robin Schauseil is the group's president. The current national chairman is DeAnna Leahy, CCE. NACM produces the monthly

Credit Managers' Index The Credit Managers' Index (CMI) is a monthly economic indicator of financial activity reflecting credit managers' responses to levels of favorable and unfavorable factors. The measure has been sourced in stories from publications such as the ''Wall ...

, an economic indicator compiled through a poll of credit and financial professionals.

History

NACM was founded in 1896 and has been active in its advocacy agenda for more than 100 years in Washington, DC, lobbying during the crafting of relevant legislation. Among its federal legislative priority issues in 2015 were bankruptcy reform, the

Federal Trade Commission The Federal Trade Commission (FTC) is an independent agency of the United States government whose principal mission is the enforcement of civil (non-criminal) United States antitrust law, antitrust law and the promotion of consumer protection. It ...

’s “Red Flags Rules” and the 3% withholding tax issues. The association’s international arm is Finance, Credit & International Business (FCIB). FCIB provides education, seminars, credit groups and reporting designed for the international credit professional. In 2011, the division launched its “Doing Business in…” series to highlight key details of credit and collections dealings, notably for emerging economies such as Brazil, China and South Korea. In 2016 NACM created a new division, the "Mechanic’s Lien and Bond Services" division, which includes information and services pertaining to various commercial construction-related matters as well as state and federal laws governing lien and bond rights and processes.

References

{{Authority control Lobbying organizations in the United States Companies based in Columbia, Maryland Financial management organizations