Congratulations for our Portland and Salem/Albany CFDDs for their National Awards! Excellent Job!

Portland:

1. CFDD Program Award Excellence in Seminar/Workshop Category – Class A  for the 2016 CFDD Portland & Salem/Albany Credit Retreat – March 11^th & 12^th.
2. CFDD Program Award Excellence in Regular Monthly Meeting Category – Class A for the October 2015 monthly program Anatomy of a Preference Defense – An Insider’s look Behind the Scenes of a Bankruptcy Preference Defense presented by Jason M Torf, Partner, Horwood Marcus & Berk Chartered.
3. CFDD Publicity Award Excellence in Chapter Publicity – Class A
4. Barbara Davis, CCE with NW Pump & Equipment won the National Distinguished Member award.

Salem:

1. CFDD Program Award Excellence in Seminar/Workshop Category – Class C for the 2016 CFDD Portland & Salem/Albany Credit Retreat – March 11^th & 12^th.

Credit managers need to be careful when relying on security in the event of a default. A fundamental rule for securing a transaction is to determine the quick-sale value of collateral; and then limit your company’s exposure accordingly.

Upon doing so, look to classify the various types of security by grouping the collateral according to the type of agreement, says Charles Gahala, CCE, CICP, author of Credit Management Principles and Practices. For instance, assets can be grouped as real property or personal property. Guarantees can be grouped as personal or corporate. But note that “each classification of security requires specific concerns for the credit analyst to consider,” Gahala notes

Five of the common types of protection for creditors and tips for creatively reducing their risk are as follows:

1. Real property.

Congratulations to Tawyna Marsh, CCE and Eve Sahnow, CCE on graduating from the Graduate School of Credit and Financial Management and receiving their CCE designations!

Last year Eve & Tawnya wrote about their experience with starting Graduate School and the importance of continuing education. You can read those articles here.

Eve Sahnow, CCE, is the Corporate Credit Manager at OrePac Building Products in Wilsonville, Oregon.  After earning an A.A. degree from the University of New Mexico and B.S. degree in Business Management from Metropolitan State University in Denver, she joined an investment banking firm in Santa Fe, NM working in SOX compliance.  Prior to joining OrePac, Eve traveled the western states for a New York based firm training a national sales force. … Read the rest

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