What's NEW from your NACM affiliate for August

 Monthly Updates                                                     August 2016

  • WRCC 



The auditors dropped by for a visit
They left happy
A note from  Jon Flora, President & CEO

As you know by now, NACM Business Credit Services is committed to financial stability and fiscal integrity.  The transparency that comes with this commitment means we get to welcome Moss-Adams CPAs every year to give us an accounting once-over so we can assure our members, customers and partners that all is well.

The firm just completed its annual audit and pronounced us healthy and fit to serve.   We had a fourth straight year of profitability. We also remain debt-free and, although every politician suggests it will never happen, we continue to put away some money for the next rainy day.  

We owe this success to you for being part of and using our association, and to our great staff who do the necessary work to keep this train on the tracks.  Together, it's a great relationship that continues to be strong after 117 years.  Thanks for your part in our combined success.

As you read on, there are a couple of things I ask you to note.  First, we have exciting news about a special speaker for the Western Region Credit Conference.  Second, our annual golf tournament is coming up September 9 and you will want to be there - even if you're a duffer!  Finally, our Business Credit Principles online is coming up soon and you (or your associates) will want to get registered.  And...don't forget to register for the Western Region Credit Conference!

Thanks again for being part of NACM Business Credit Services. Here's to a great summer.




We are pleased to announce that Equifax Senior Vice President and Chief Economist Amy Crews Cutts, Ph.D., will be speaking at the  NACM Western Region Credit Conference.  

 A recognized industry expert, Dr. Cutts joined Equifax as Chief Economist in 2011.   She has over 20 years of economic analysis and policy development experience.  She  came to Equifax from Freddie Mac, where she served as Deputy Chief Economist.  

Her skills and observations are in high demand by companies and governments worldwide.  A speaker of her caliber is a rare opportunity for NACM and we offer our gratitude to Equifax for bringing her to Seattle.

Dr. Cutts  is responsible for analytics and research relating to the consumer wallet - assets, income, credit, and spending along with macroeconomic factors affecting the consumer. She is also responsible for macroeconomic forecasting and commentary, and the economic analysis of small business credit.

Cutts holds a Masters and PhD in Economics from the University of Virginia and a Bachelor's degree in Applied Mathematics from Trinity University, San Antonio, TX. 

Join us at the Western Region Credit Conference for this interesting and special presentation.

America's Top Banker Sounds Off on Election
Alarmed by the rhetoric

JP Morgan Chase CEO Jamie Dimon has called the political environment "terrible" and blames talking heads on cable news for manipulating the American people.  

Check out this interview from CNN Money  
Special Scholarships for WRCC
Apply now

We have had two scholarship recipients cancel their plans to attend WRCC.  This means we have some FREE money! If you would like to attend the Western Region Credit Conference but money is tight for you or your company, apply NOW for an FULL CONFERENCE SCHOLARSHIP.  (Note:  Construction Day is not included.)
To apply, just click here.  Applications must be submitted by August 15th.  Winners will be notified by August 17th.  These two awards will go quickly, so apply today!
Our award programs is designed to share the benefit of educational conferences.  Thanks to many generous donors, we are able to help members attend conferences and seminars that help further your professional education.

Tee up for the NACM Golf Tournament!
The place to be in September!

The 88th Annual Bryce T. Wilson Golf Tournament returns on September 9th at Maplewood Golf Course, Renton, WA.
It's time to invite your foursome, sponsor a hole, or contribute prizes.  Steven Hopkins, CCE continues to Chair the Tournament Committee and will is busy  contacting members about participating.  If you would like to be involved or be a sponsor, just click here.
Golfing will begin with a shotgun start promptly at 8:00 a.m. and we'll be off the course by 12:15 p.m.  Lunch, prizes and festivities will follow afterwards, and we'll be done by 2:30 .
The Bryce T. Wilson Tournament raises money to support scholarships for professional education for our credit professionals.  Whether you like to golf or just hang out around a beautiful course, this is always a fun day for all.  See you in September!

UTA, Vantiv, Dade
Your payment processing solutions

As one of America's leading payment solution providers, and NACM preferred partner, UTA will help you find the best processing solutions to enhance your cash flow, eliminate processes that are inefficient, and provide you easy-to-understand reports and money-saving ways to manage your receivables and customer payments.

Our staff has just learned more about new offerings from UTA and their partners, and we suggest you take a look if you need new solutions.  Contact your NACM BCS representative or give us a call at 800-423-5710.

Upcoming Education Opportunities

Business Credit Principles Online
Fall Quarter Course Begins Sept. 19

Would you like to advance your career in Credit Management but your hectic schedule does not permit the traditional classroom setting? Start by taking NACM's CAP courses online.  NACM BCS is proud to offer Business Credit Principles Course online through Edmonds Community College.  You have the flexibility of working around your schedule within set deadlines that are outlined in the course syllabus.  While the BCP course is online, you're still able to engage with your fellow students through the online system called Canvas.  NACM is thrilled to offer this class that reaches our broad demographic area.   Don't wait to start your CAP courses, Register Today!

Changes in NACM BCS' Education 
We've heard you

Responding to member feedback, t hree years ago we migrated all of our professional education online. This was done is response to a changing marketplace, and to ensure service for our Alaska and Hawaii members.

Since 2013, we have reached many more of our members with higher quality, college-level instruction. More people are working towards professional certifications and the response has been positive.  Now, it's time to adjust our offerings again because of changing member demand.

We will continue to offer Business Credit Principles online.  It is a great starting point for people new to the profession and remains a popular course.  

Later this year, w e will begin referring members interested in Basic Financial Accounting, Financial Statement Analysis, and Business Law to our NACM National programs .   Participation in these online classes is difficult for most , and enrollment has dropped off  making the courses a money-losing proposition for our association.  National's offerings are online but configured for a broader audience, making them easier t o complete for those pursuing certifications.

After thoughtful consideration, the Board and staff leadership concluded this was the right change to make.  We will redeploy the resources formerly used for these classes to bring you fresh professional development offerings that meet your emerging needs .   If you have any questions about our Education Program, please contact Ricole Isbey-Johnson .

NACM National Fall Courses
Presented at Maryland HQ

The following courses will be presented at NACM's National Headquarters this fall.  Online classes are also offered.  For more information, follow the link below.

Financial Statement Analysis 2
Credit & Risk Assessment
September 18-22

Financial Statement Analysis 1
October 2-7

For more information about either course, please click 
Seattle is the place to be
Register Today

You've been hearing about it for months and it is less than 90 days away.  The NACM Western Region Credit Conference will be one of the best professional education opportunities this year. Great speakers and networking in a great environment.

Register today and book your hotel rooms just by clicking here 

Seattle is the place to be in October.  We look forward to seeing you! 

News from Our World
Important Business Highlights

Stay current on news from some of  the communities served by NACM Business Credit Services . 

Click on the following links for the latest:

National            2nd quarter US growth estimated at 1.2%

Seattle              Amazon Reports Big Jump in Profit, Hiring

Honolulu          Record High Visitors and Expenditures

Puerto Rico      Virgin Islands Following Puerto Rico with Junk Bonds

Did the recent political conventions cause you to change how you will vote in the November elections? 


Last month's question and results:

What impact do you think Brexit will have on your company?

100% of the respondents answered "no impact at all".  

Let's hope that's the case!  Thanks for participating!


August Industry Trade Group Schedule
Join your counterparts

Join your counterparts in sharing information and contributing data to NACM.  Everyone benefits from this collaboration.

8.  9     Transportation
8.11     Waterworks
8.15     Floor
8.16      HVAC
8.17     Food
             Tacoma Construction
8.18      Wiring
8.25      Eastside Construction


8.17     Alaska Suppliers and Food


8.16     Hawaii Hospitality 
8.17     Hawaii Food
8.19     Hawaii Building



                9.09    Bryce T. Wilson Golf Tournament, Renton, WA


         10.12-14   NACM Western Region Credit Conference, Seattle, WA

NACM Business Credit Services | 910 SW Spokane St., Bldg. A
Seattle WA  98134  |  800.423.5710