The NACM Commercial Services Foundation has been around for nearly two decades (previously known as NACM Oregon Foundation & NACM Northwest Foundation), providing scholarship opportunities to credit professionals.
The scholarships offered through the Foundation assist applicants in the pursuit of education and training, achieving professional designation, and attending national and regional programs.
Board of Directors
The Foundation’s Board of volunteer Directors are elected annually by its membership. Board members are responsible for raising and distributing funds to support a wide variety of educational and professional development pursuits. To this end, the Foundation has awarded nearly $100,000 in scholarships.
Phylliss Clark Memorial Fund
The Phylliss Clark Memorial Fund was established in honor of the well-known and respected manager of the NACM Oregon education/communications department, who died in an auto accident Memorial Day weekend in 1993. Because of Phylliss’ strong commitment to education and her dedicated service to NACM and CFDD, the Foundation established an endowment worthy of her memory.
Each year, earnings from the endowment are distributed as scholarships to qualified members of the two Oregon-area Credit & Financial Development Division (CFDD) chapters to offset registration and attendance costs to regional conferences. In selecting these yearly scholarship recipients, special recognition is given to first-time attendees.
The NACM Commercial Services Foundation promotes and advances the professionalism of individuals in credit management and provides career development opportunities.
Sheryl Rasmusson, CCE, Kilgore Tec Products – Passion is the word I would use to describe the NACM Foundation and the Board of Directors. Individuals with a true passion for giving back, ensuring future educational success and dedication to the profession ensuring continuity. I am a believer in what it means to serve on this Board and am honored to do work with fantastic motivated people. Personally, I have been the beneficiary of scholarships that have propelled my career and provided an unsurpassed level of knowledge and skill. I have been the Chairperson of the Events Committee in the Spokane area for seven years and watching other professionals challenge themselves, grow and succeed has been instrumental in my pursuit of assisting others in furthering their education. We continue to grow and learn every day and by helping others to achieve their goals as well as our own is the best reward. I am passionate about education, scholarships and networking within NACM and the results are invaluable to each and every person who benefits from what the NACM Foundation does.
Jeff Butterfield, CCE, who works with Swope at Pacific Seafood took some of the key beginning CBA classes after receiving tuition assistance from NOF. “The NNF scholarship really got him started toward his first credit designation,” reports Swope. Butterfield has since attended NACM’s Graduate School of Credit and Financial Management at Dartmouth and in June of 2014 received his CCE designation. His success has inspired another credit professional at Pacific Seafood, Kathi Pieper, CBF, CCRA, to start on her own journey towards certification. Pieper passed the CBF exam in the summer of 2014.
Debora Diamond-Burt, CBA, CICP, and credit manager at Schnitzer Steel, discovered the benefits of an NNF scholarship when Portland hosted the NACM conference on international credit practices. An NNF scholarship awarded to Diamond-Burt and several credit administrators at Schnitzer, allowed them to stretch their company’s conference budget. “Several people were able to attend the conference instead of just one person,” Diamond-Burt says.
Debora’s first experience with NNF was when she received a scholarship to attend the CFDD National Credit Congress – an event she had not been able to attend. “The biggest benefit of NNF scholarships is the benefit of additional education,” Diamond-Burt realized. “Helping offset the cost to both employee and employer encourages us to go.” Her Schnitzer co-workers have drawn the same conclusion. Attending the International Business Day in Portland “started them on their path towards obtaining their certification,” reports Diamond-Burt. It sparked interest in certification and NACM-offered classes – for which they requested scholarships.
As a member of NACM’s National Board of Directors, Rick Weisman, CCE, Financial Manager at Graybar Electric, must attend the National Credit Congress. Yet every time Weisman has asked for assistance from NNF “They’ve been very willing to help,” he says. “The application is easy to complete,” says Weisman. “It’s a relief knowing how willing they are to help anyone with a need and an interest in education.