The NACM Commercial Services Foundation has been around for nearly two decades, 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.

We understand it may be difficult to finance an education these days, and we are here to provide resources that may help.

Scholarship application windows close 30 days prior to the class or event start date, unless otherwise published. Late applications may not be accepted.

NACM CS Foundation offers scholarships for:

  • Classes & Webinars
  • Local Conferences
  • Certification Classes
  • Certification Exam Fees

To apply for a scholarship, complete the Scholarship Application.


Oregon CT-12

Mission Statement

The NACM Commercial Services Foundation promotes and advances the professionalism of individuals in credit management and provides career development opportunities.

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.

Jane Newton Memorial Scholarship Fund

Jane Newton worked at our local NACM office for 47 years serving and supporting countless members. Many of those years Jane spent furthering her own education, and actually completed her Bachelor’s degree just three years before she retired. Jane was a mentor and strong supporter of any member who had the desire to strengthen their knowledge in the credit industry. She believed that credit people were professionals and worthy of higher education, status in management, and merit.

NACM has established the Jane Newton Memorial Scholarship Fund to help further the education of our members. We want to thank you for helping us keep Jane’s memory, work ethic and love of education alive.


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.
Sheryl Rasmusson, CCE
Kilgore Tec Products
Debora Diamond-Burt, CBA, CICP, and Credit manager at Schnitzer Steel - Several people were able to attend a conference instead of just one person because of scholarships from the foundation. The biggest benefit of NNF scholarships is the benefit of additional education. Helping offset the cost to both employee and employer encourages us to go. Attending education started my coworkers path towards obtaining their certification. It sparked interest in certification and NACM-offered classes – for which they requested scholarships.
Debora Diamond-Burt, CBA, CICP
Schnitzer Steel

Board of Directors

Sheryl Rasmusson, CCE
Chair & Eastside Fundraising Chair

Kilgore TEC Products, Inc.

Connie Barratt, CCE


Alex McEntee, CBF
Director and Scholarship Committee Chair

Pendleton Woolen Mills

Jody Johnson, CBF

Star Rentals, Inc.

David Said

Graybar Electric Co, Inc.

Yolanda Garrett

Alaina Worden, CCE
Vice Chair & Westside Fundraising Chair

CECO, Inc.

Eleanor Hartman, CCE

AutoDesk, Inc.

Raeann Binau, CICP, RGCP


Kim Jones, CBA

CECO, Inc.

Janene Heidlebaugh, CBA


Mallory Bell

DuPree Building Specialties