The foundation has had an amazing year fund-raising for scholarships. In September we had the 2019 NACM Commercial Services Golf scramble held at the beautiful Coeur d’ Alene Resort Golf Course in Idaho. At this event between raffles, baskets, sponsors we were able to raise $3528 for scholarships. This is a yearly event so look for details on the next one coming in 2020.
Just last month we had the Western Credit Conference and we had an amazing time. As you may have seen we have been raffling off a trip to Mexico this past year and pulled the winner at the conference. We also had a collection of raffle baskets. In addition, the hotel gave us a commission on each hotel room and signature drink purchased at the hotel.… Read the rest
The raffle drawing to win the trip to
Mexico has come to an end. You did not have to be present to win. The ticket
was drawn at the Western Region Conference with over 80 tickets sold. Thank you
to everyone who purchased a ticket.
People make a total of about 35,000 decisions—in a single day. The process of decision-making has become a more natural, passive activity over time, with decisions like what socks to wear and how long to microwave leftovers barely fazing people as decisions. Decisions with grander consequences weigh more on individuals, from what car best fits a specific set of needs to how much credit a customer should be extended.
With so many decisions in one day, each choice begins to lay heavy on a person. Without realizing it, the overwhelming nature of these decisions contribute to a phenomenon known as “decision fatigue.” The breakout session “Understanding Decision Fatigue (and What to Do About It)” at the 2019 Western Credit Conference in Portland, Oregon, tackled this issue, breaking down what decision fatigue is, how it affects creditors in the workplace and how best to overcome it.… Read the rest
From Cindy Robert at Rainmakers Government Strategies
Yesterday the Office of Economic Analysis presented its second economic and revenue forecasts of the 2019-2021 biennium.
The general outlook is that
there has not been any significant changes since the previous forecast for the
State of Oregon but at the US level there is still a fear of recession.
A recent poll of economists
across the nation indicated that the fear of recession has declined from 35% to
30% in the last few months but most agree that the US will enter a recession
next year. The upside is that consumers appear to be still willing to
spend – which is currently propping up the US economy.
In Oregon there has been a sharp
slowdown in employment growth. … Read the rest
Written By: Jason B. Binford, Partner, Foley & Lardner LLP
Over the course of the credit manager’s career, they will likely have opportunities to serve as a member of an official committee of unsecured creditors in a bankruptcy case. Any creditor representative presented with such an opportunity should carefully weigh the pros and cons. Committees are important parties in interest in Chapter 11 bankruptcies, and members of a committee are given a front-row opportunity to steer the course of the case. In addition, costs directly related to the committee – including paying counsel retained by the committee – are borne by the bankruptcy estate. However, committee participation may give rise to complicated conflicts of interest, requires an understanding of fiduciary duties, and can involve a fairly significant time commitment.… Read the rest