It's Summertime
News, Information and Commentary
June 2018
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A few thoughts from
Jon Flora, President & CEO
June has a lot to offer
It’s hard to believe 2018 is already almost half over. In the last couple of months, we’ve had the opportunity to spend time with many of our members in Hawaii and Washington. It was great seeing everyone.
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We especially appreciate your suggestions on how we can better serve you. The top requests were:
- Career Coaching and Planning: Several of our members have asked for guidance in planning their individual careers and helping their companies mentor top performing employees. We have identified a couple of professionals who can provide this service and are having discussions about a program that could work for our members. Over the summer, we will be defining what this service will look like and bring it to you in the Fall.
- Lien Seminar: It is clearly time to do another Lien Seminar and we are targeting Fall for this offering. More information will be coming soon including location, date and costs.
- Lunch & Learns/Online Webinars: Clearly, we have hit a chord with many of you with these offerings. By partnering with other associations, we’ve been able to offer a greater breadth and depth of programs which will continue to happen. Look for more of each opportunity in the coming months.
We look forward to seeing our members, partners and friends at
NACM National Credit Congress this month in Phoenix. We kick off the event with a Sunday night, invitation-only party at the top of the
Hyatt Hotel. Food, libation and special party favors. It’s the only way to begin your Congress experience!
A number of members and friends have asked how our
Hawaii members are doing with
Kilauea erupting. Fortunately, the news is good. You’ll see an update below from a member on the Big Island.
Finally, you’ll see a story below about experts predicting the
next recession. Sorry to say, it’s inevitable and we’re overdue. We can, however, learn some lessons from the Great Recession that might help us through the next downturn and maybe make it less painful. You’ll see a couple of common sense hints in this issue and we urge you to consider them. Put best practices first in your daily life and work.
After a long winter, it is great to have summer here. Enjoy it and, as always, thanks for being part of this association of outstanding professionals.
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NACM National Credit Congress
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It's just two weeks away! NACM's National Credit Congress. Join the biggest conference of the year as we head for Phoenix June 10-13, 2018.
Three days of exemplary educational programs and networking with professional colleagues. It is always a good time.
See you in Phoenix!
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Kick Off Credit Congress the right way! Join us for the
exclusive
NACM BCS Member Party high atop the Hyatt Hotel
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Be sure to join our affiliate's traditional Sunday night kick-off party at Congress. It's the
only way to start off the largest professional event of the year.
We have big plans to gather in the
semi-private Compass Lounge high atop the
Hyatt Hotel in Phoenix. Plan to be part of this
invitation-only introduction to the
Valley of the Sun with our members and special friends.
Invitations are in the mail!
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Hawaii Members & Kilauea Update
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Given that most of our members are in the Honolulu area about 200 miles and four islands away from the volcano, the biggest issue seems to be excessive VOG (volcanic smog). Our one member in the vicinity of Kilauea is
HPM Building Supply. Our active HPM member, Darlene, tells us that her family and friends are okay and mostly dealing with earthquakes - not lava. They appreciate the concern from NACM BCS members
HPM is donating masks and the use of their trucks for those in need. Way to go HPM!
Bottomline: Unless you're within a few miles of the volcano, Hawaii is still a great place to visit and do business.
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NACM member TOTE Inc., parent to TOTE Maritime and TOTE Services, has named a new president. TOTE is one of several NACM BCS member companies owned by
Seattle-based Saltchuk. Read more from the Alaska Business News.
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Congratulations to Industry Groups contest winner!
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During the last fiscal year (April 1, 2017 - March 31, 2018), a contest was held to encourage participation and data contribution in our Industry Groups program.
At year end, four companies had 100% participation. That means their representatives attended meetings every month, submitted names for discussion, and contributed their A/R data.
Those four included:
- Charlie's Produce Co.
- Kyo-ya Hotels & Resorts
- Ocean Beauty Seafoods LLC
- Pacific Plumbing Supply Co. LLC
A recent random drawing was held to determine the winner of a full conference registration to National Credit Congress.
And the winner is....
Leah Ann Sumida
Kyo-ya Hotels & Resorts, Honolulu
When you see her, please offer your congratulations. Well done Leah Ann - and keep up the great work!
The next Industry Groups competition will be announced soon!
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Christopher Ng, Esq.
is an equity partner of Gibbs Giden Locher Turner Senet & Wittbrodt, LLP, Los Angeles. Chris is a member of the firm's Business and Commercial Law and Construction Law Departments where he primarily represents private and publicly-held companies in a wide range of business, commercial and construction transactions and disputes.
He is a graduate of the Pepperdine University School of Law
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Online Webinar - July 11th
Defining Terms and Credit Policies
July 11 @ 12:00 pm - 1:00 pm
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The best tool in a credit professional’s toolbox is an effective credit application, which specifies your company’s terms and policies for assigning business credit. Join speaker
Christopher Ng, Esq.
, who will explain the elements of a bulletproof credit application, helping you efficiently collect the monies owed to your company
This webinar is
free for NACM BCS members. Click below to sign-up.
July 11 12:00 p.m. West Coast
11:00 a.m. Alaska
9:00 a.m. Hawaii
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Be just like Bill Gates: Check out his summer reading list
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You can live part of your life like a billionaire! Bill Gates has a tradition of releasing his summer reading list for all to enjoy. This year's list includes one novel and four non-fiction books. Click below to connect with NACM member
The Seattle Times to get a look at what the world's second richest man reads during the dog-days of summer:
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Scholarship Opportunities
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If you are thinking about enrolling for Fall classes or attending professional conferences in the coming year, consider applying for a scholarship from NACM BCS. Over the last 119 years, members have contributed money to help grow the credit profession through better education. This past year, we helped several people take classes and attend regional/national conferences. Remember that our classes lead toward professional certifications and college degrees. Take advantage of the generosity of your predecessors! For more information, click below:
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NACM, FCIB offer recertifications
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NACM and FCIB have teamed up to make the recertification process easier for those who have earned both the CCE and the ICCE designations. The new process aligns both recertification cycles to three years and applicants now have to complete only one form. Read on for more information:
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Save the date and register today
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The annual Western Region Credit Conference lands in Salt Lake City this October. Click on the link below to learn more about what's happening in Utah.
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BUSINESS NEWS OF INTEREST
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Experts say next recession looms at decade's end
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Research from Seattle-based
Zillow
shows experts largely expect the next recession to begin in 2020, in line with prior expectations expressed in the latter half of 2017. But unlike last year, experts these days are less worried that geopolitical events might tip the economy into the red, and more concerned over monetary and trade policy. Click on below.
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Help Hint #1: Always pull credit reports
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NACM BCS reminds you to pull credit reports
even in good times
. In 2009, people were lulled into compliancy because the economy was so strong. Their decision-making got a little too casual and when the economy fell off a cliff, it happened fast and it was too late to react. Stay ahead of the game by regularly reviewing the credit history of customers. Pull those credit reports! Give us a call us if you need help.
1-800-432-5710
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Europe's new privacy law goes into effect: what's it mean?
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Europe's new privacy law took effect last week. Yahoo News takes a look at how the world is handling digital rights. Click below for more:
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Seattle Imposes Employee Tax: Learn who's affected
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Seattle businesses with over $20 million in gross annual revenue must now pay an employee hours tax.
This Alert from Moss Adams details who’s affected by the new tax, who’s exempt, and the two methods for computing it.
Click on "Head Tax" to learn more.
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NOTE:
NACM BCS is opposed to this head tax on employees because of our concern for the negative impact it will have on several of our member companies as well as the damage it can do to the entire region's business community. We urge Seattle residents to support efforts to repeal the tax.
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Pierce County offering tax credit to offset Seattle Employee Head Tax
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Just a week after the
Seattle City Council passed a head tax,
charging big businesses $275 per employee, cities and agencies throughout Pierce County are banding together to do the opposite. The South Sound is definitely open for business.
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The outlook for the Puget Sound economy in 20 slides
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The Seattle Times takes a look at the future of the Puget Sound economy including building permits and other comparative data from other areas. Click below to see more:
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Hawaii's construction outlook
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Leaders in Hawaii's construction industry offer their views on the what's coming in the next few years for building in the 50th state. Click below to read more.
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Successful slope season causes optimism for Alaska
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Alaska’s top resource managers believe a successful exploration season could signal the dawn of a renaissance on the North Slope. The Alaska Journal of Commerce looks at the future of oil in Alaska.
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Copper River Salmon has arrived
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With a tip of the wing to our region's fishing and food industries, NACM BCS member (and #1 airline on the annual J.D.Power rankings),
Alaska Airlines has delivered the season's first
Copper River salmon.
The Puget Sound Business Journal takes a look at the delivery of the first 32,000 pounds of fresh fish to Seattle.
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EVENT & INDUSTRY GROUP CALENDARS
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Puget Sound Area
June 14
11:30 a.m. Floor -
Duke's Chowderhouse
June 19
11:30 a.m. HVAC -
Duke's Chowderhouse
June 20
11:30 a.m. Food - Duke's Chowderhouse
11:30 a.m. Tacoma Construction -
Johnny's Dock
June 21
11:30 a.m. Ad Media -
CBS-KSTW
11:30 a.m. Eastside Construction -
13 Coins, Bellevue
11:30 a.m. Wiring -
Duke's Chowderhouse
Anchorage
June 20
12:00 p.m. Alaska Suppliers & Food -
Doriola's
Honolulu
June 19
Hawaii Hospitality -
Hilton Waikiki Beach Hotel
June 20
Hawaii Food -
Waikiki Yacht Club
June 22
Hawaii Building
- Waikiki Yacht Club
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Upcoming Professional Programs
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Online Webinars - Save the Dates!
12:00-1:00 p.m. FREE - Registration Required
November 7 - Managing Stress in the Credit Department
12:00-1:00 p.m. FREE - Registration Required
Seminars & Conferences
June 10-13 -
NACM National Credit Congress
Phoenix, AZ
October 10-12
- NACM Western Region Credit Conference
Salt Lake City, UT
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Coast to coast & around the world:
Call us for the best prices and service on the best credit reports
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Whether you need credit reports for a customer down the street or somewhere around the globe, NACM BCS has resources to help you. Call us anytime for help with your reporting needs.
1-800-423-5710
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Got a question? Send it to our
Ask-an-Expert panel and get help
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Our panel of experts are senior members with a wealth of experience in the commercial credit profession. If you run into a problem or have a question, they likely know the answer. (They rarely get stumped!)
Ask-an-Expert is a free service that comes as a benefit of your membership so be sure to take advantage of it! Go to our website, click on the link, and send us your question. Click below for more information:
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Need help with credit card, check and payment processing, or surcharging?
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Our partners at UTA and Vanitiv are ready to help you with special NACM rates and service.
To learn more and to arrange a personal visit, contact your NACM Account Executive or call our toll-free number
Best rates, best service, best partners,
1-800-423-5710
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Help Hint #2: Don't wait too long
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NACM BCS reminds you to call in our Collections team before the debts get too old and become uncollectible. The Great Recession taught us to stay on top of A/R and not let it sit too long before calling in the professionals. NACM BCS is having good success collecting on behalf of our customers, so call on us sooner than later.
1-800-423-5710
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New listings: Paccar and Pokemon
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Looking for a job or trying to fill a position? Check out the Job Bank!
If you are needing to fill a position or are looking for a job, the
NACM Job Bank
is for you. It gets a lot of traffic and - best of all - it's a
FREE
service for our members!
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Please note that NACM Business Credit Services will be closed on July 4th in observance of Independence Day. Happy Birthday, America!
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Serving credit professionals since 1899
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