The National Scholarship Foundation was established to provide financial assistance to business credit professionals striving to continue their education. Funds are gathered from generous donations from the NACM community, as well as from a Silent Auction and other special functions hosted at the annual Credit Congress. These funds will afford many people the opportunity to continue investing in the future of our profession.

Two scholarship classes have been established: the Credit Management Studies Scholarship (CMSS), or Empowerment Scholarship, and the Executive Endowment Scholarship (EES), or Enrichment Scholarship. Each category provides an opportunity for credit professionals at differing stages in their careers to obtain a scholarship for programs specific to their experience. Potential applicants should closely review the Criteria and Guidelines for each to decide which best applies to their background.

Applications are being accepted for 2008 scheduled education programs. Please read all information on the application and redemption processes. The deadline by which to submit an application is January 11, 2008.

The Credit Management Studies Scholarship (CMSS)
or Empowerment Scholarship

CMSS Applicant Criteria and Guidelines
CMSS applicants will fall into this scholarship category if they are new to the credit profession and trying to make a career of what could only be a job.  These individuals, without financial assistance, would not be able to continue their education and do not receive support from their employers.  Scholarship recipients receive $200.00 toward a qualified program or event.

• Applicants will have been in credit for a limited period of time, seven or less years
  OR
• Have no participation in the credit community and more than seven years of service in the credit profession
  AND
  
• Complete the application with emphasis on statement of need and proposed use
• Choose one educational program to which the scholarship would apply from the list accompanying the CMSS application

The Executive Endowment Scholarship (EES)
or Enrichment Scholarship

EES Applicant Criteria and Guidelines
The EES acknowledges the more senior level members of the credit community. The focus is on enriching an education and career, recognizing previous participation and validating the commitment of NACM to support professional growth. Scholarship recipients receive $100.00 toward a qualified program or event.

• Applicants will have been in credit for eight or more years and have been active within the business credit community.
• Complete the application with emphasis on membership history, education, industry participation and professional contributions
• Choose one educational program to which the scholarship would apply from the list accompanying the EES application

Application Policies & Procedures

Awards will be judged only on the information supplied so please be as thorough as possible with applicable information. Should a person apply for one of the above scholarships for which they do not meet the application criteria, the Scoring Panel reserves the right to transfer their application to the other, more applicable scholarship class. Applicants will choose only one category (program, meeting, event, course, etc.) for which they wish to apply.

Recipients of a CMSS are not eligible to receive a scholarship from the NACM Scholarship Foundation in the same category in two consecutive years. EES recipients are not eligible to receive a scholarship from the NACM Scholarship Foundation in two consecutive years.

Applications are due by January 11, 2008. Applications received after the deadline will not be reviewed. Handwritten applications will not be accepted. Applications are completed and submitted online only. Applicants will be notified if they have been chosen to receive a scholarship in February 2008.

Redemption of Scholarships

For both the CMSS and the EES, scholarship funds may only be applied toward the program or event for which the money was designated. Funds over the actual amount of the program, event or item are non-refundable, non-transferable in any way and hold no cash value. Recipients will be sent notification confirming their award. Including detailed correspondence that will describe how the scholarship may be redeemed.

All scholarship awards are valid for specific programs or events and have applicable expiration dates. Scholarships not used within their specified time frame will be forfeited. A scholarship may not be applied retroactively – to an event that you have already registered/applied for, have already attended or for an item you have already ordered. For information on how the funds for a scholarship are applied (reimbursement vs. deduction from registration fee, receipts required, continuing education records, etc.), please call our office for details, 410-740-5560.

Please note that the NACM Scholarship Foundation reserves the right to request evidence of a recipient’s attendance at a program’s educational sessions in order to be acknowledged for their award. Evidence includes a certificate of completion, a validated continuing education unit earnings record, grade reports, etc.

CMSS Eligible Categories
*Applicants choose only one of the following

• NACM 2008 Credit Congress
• Three NACM Audio Teleconferences
• Certification Program Registration or CBA or CBF Application Fee
• CICP Registration Fee
• Credit Congress or NACM-National In-house Certificate Session
• Credit Administration Program (CAP) Course
• Advanced Credit Administration Program (ACAP) Course
• Business Credit Principles on CD-ROM (Includes CDs and textbook)
• CBA Exam Review Course on a CD
  2008 NACM Family of Organizations Conferences
  (Excludes National Credit Congress. Includes select events by NACM, MLBS, CFDD, FCIB and Affiliate hosted regional conferences as noted below.)
• NACM Central Region, Eastern Region, Western Region or All-South Conferences
• CFDD National Conference
• FCIB Global Conference
• NACM-Canada 10th Annual Credit Conference & Expo
• FCIB International Round Table (Miami, NY or LA)
• MLBS Half-day seminar (choose one scheduled in 2008)

EES Eligible Categories
*Applicants choose only one of the following

• Credit Congress 2008
• GSCFM 2008
• Three NACM Audio Teleconferences
• CCE Designation Application Fee
• CCE Exam Review Course on a CD
• FCIB FX Online Course Registration
  2008 NACM Family of Organizations Conference
  (Excludes National Credit Congress. Includes select events by NACM, MLBS, CFDD, FCIB and Affiliate hosted regional conferences as noted below.)
• NACM Central Region, Eastern Region, Western Region or All-South Conferences
• CFDD National Conference
• FCIB Global Conference
• NACM-Canada 10th Annual Credit Conference & Expo
• FCIB International Round Table (Miami, NY or LA)
• MLBS Half-day seminar (choose one scheduled in 2008)
• FCIB International Conference and Workshop in Europe
• International Credit Executives (I.C.E.) Conference

The NACM Scholarship Foundation, Inc. has 501(c)(3) status as a non-profit tax-exempt organization.

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©2008 National Association of Credit Management
National Association of Credit Management
8840 Columbia 100 Parkway
Columbia, Maryland 21045-2158
Phone: 410.740.5560