The NACM Northwest Foundation has a new Board of Directors and newly elected Officers.

Current Foundation Officers and Directors

1. Richard S. Weisman, CCE, Chairman (Graybar Electric Co., Inc.)
2. Marilyn Rea, CCE, Vice Chairman (Pacific Architectural Wood Products, Inc.)
3. Michael Bena, CCE, Secretary-Treasurer (retired)
4. Shawna Arneson, Director (Keen, Inc.)
5. Jeffrey Butterfield, CCE/RGCP, Director (Pacific Seafood Co., Inc.)
6. Bonnie Dunham, CCE, Director (S.R. Smith, LLC)
7. Shannon Garrison-Bell, CICP Director (Urban Airship, Inc.)
8. Kathy Hamilton, CCE, Director (SAIF Corporation)
9. Lori Kimball, CBF, Director (Norpac Foods, Inc.)
10. Yvonne Prinslow, CCE, Director (Hampton Affiliates)
11. Erik VanDerWolf, Director (Tarr, LLC)

A big special thank you to Lourdes Rice, Pacific Metal Company for her 19 years of service to the Foundation. Lou has a been an integral part of the foundation and has been involved since the beginning. … Read the rest

The NACM Foundation is offering 10 Scholarships for the 2016 Credit Congress in Seattle. You can find more information about the conference at www.nacmwrcc.com

For more information about the scholarships please contact (Portland Office) Lori Kimball, NORPAC Foods Inc.:Kimball@norpac.com or (Spokane Office) Jackie Popham, NACM Northwest: jpopham@nacmcs.org … Read the rest

Key ratio analysis in credit centers are using statistics and metrics to drive decisions on whether or not to grant terms to customers. It helps creditors summarize why these customers do or don’t deserve the terms and whether their numbers provide enough need-to-know information about their financial health. In short, when done properly, key ratio analysis lets creditors know “can customers pay their bills,” says NACM speaker David Osburn, CCRA, of Osburn & Associates LLC.

Analyzing key ratios is an important tool but does not eliminate other fundamental duties of credit professions. As many credit managers and collectors have discovered over the years, just because someone can pay doesn’t mean he or she will pay.

During the 120th Credit Congress & Expo in Las Vegas, Osburn laid out the following five key, basic key ratios:

Cash Flow.… Read the rest

Your Choice — Quarterly or Annual Membership Fees

When your regular membership renews, please feel free to let us know if you’d like to change the billing period. If you prefer quarterly billing, we’ll renew your membership for three months. If you prefer annual billing, we’ll renew your membership for twelve months.

And if you’d like to keep it on the same basis as you currently have, you don’t need to take any action.This does not pertain to members from Spokane who already are offered this payment plan option.

Please note: If you have a premium or corporate membership, this will continue to be billed annually. Thanks for your continuing support!… Read the rest