Through your efforts, the credit profession has evolved over the last century to become an integral part of the economies of all nations. NACM appreciates the many men and women who contribute to their profession by participating in local affiliates, industry groups, and NACM’s educational programs. The role all of us played in shaping the credit profession is surely cause for celebration. We proudly celebrate over 100 years of NACM History! It is dedicated to you, NACM Members. Take a look at our detailed timeline, read about our great leaders in credit, and peruse all the historical documents and artifacts that tell the story of NACM's history.
NACM's history isn't solely its own.
Many other organizations had their genesis within NACM:
Risk Management Association - 1914
At the 1913 NACM annual convention a group of bank creditors informally met and shared information. They agreed to meet again at next year's NACM convention, during which the first unravellings of the Financial Panic began. This gave them the impetus to form the Robert Morris Club.
FCIB Global - 1919
With the end of the Great War in 1918, members wanted to facilitate foreign trade and credit. During the 1919 NACM annual convention, the board put into motion a plan establish a Foreign Credit Interchange Bureau by September. While it was still in the planning stages, it wasn't just American organizations that wanted to join, but many foreign ones as well.
Credit & Financial Development Division - 1925
Although the achievements and successes of "credit women" were always recognized by the "National Association of Credit Men," it was during the NACM's 1925 annual convention that Florence Banks led the way to establish a division for promoting and advancing women in the credit field with the National Credit Women’s Executive Committees. Today, both women and men are members of the CFDD.
Credit Research Foundation - 1948
After the end of World War II and the resumption of a more normal education and economy in the U.S., the NACM board began to explore ways of promoting credit research and education. In 1947 the board authorized the formation of a separate Credit Research Foundation, which could make research and education its sole focus. It was formally chartered a year later.
ICTF - 2010
They say imitation is the sincerest form of flattery.
At the 1913 NACM annual convention a group of bank creditors informally met and shared information. They agreed to meet again at next year's NACM convention, during which the first unravellings of the Financial Panic began. This gave them the impetus to form the Robert Morris Club.
FCIB Global - 1919
With the end of the Great War in 1918, members wanted to facilitate foreign trade and credit. During the 1919 NACM annual convention, the board put into motion a plan establish a Foreign Credit Interchange Bureau by September. While it was still in the planning stages, it wasn't just American organizations that wanted to join, but many foreign ones as well.
Credit & Financial Development Division - 1925
Although the achievements and successes of "credit women" were always recognized by the "National Association of Credit Men," it was during the NACM's 1925 annual convention that Florence Banks led the way to establish a division for promoting and advancing women in the credit field with the National Credit Women’s Executive Committees. Today, both women and men are members of the CFDD.
Credit Research Foundation - 1948
After the end of World War II and the resumption of a more normal education and economy in the U.S., the NACM board began to explore ways of promoting credit research and education. In 1947 the board authorized the formation of a separate Credit Research Foundation, which could make research and education its sole focus. It was formally chartered a year later.
ICTF - 2010
They say imitation is the sincerest form of flattery.