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Media Contact: Caroline Zimmerman, Editorial Director, 410-740-5560, carolinez@nacm.org

Spokane Valley Credit Professional, Sheryl Rasmusson, Receives NACM-National Award of Excellence

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sheryl-rasmussonJuly 9, 2014: Columbia, MD—The National Association of Credit Management (NACM) honored Sheryl Rasmusson, CBA of Spokane Valley, Washington with the 2014 CBA Designation of Excellence Award during the association's 118th Annual Credit Congress and Exposition, held in Orlando, Florida, June 8-11, 2014. Rasmusson is the office manager at Kilgore Architectural Products, Inc. of Spokane Valley, a commercial contractor specializing in translucent and metal panels, sunshades, architectural louvers, glass canopies and skylights serving Washington, Idaho, Montana and Oregon.

While at Kilgore, Rasmusson has handled all office management responsibilities with an emphasis on credit functions. She is a very active member of the NACM Affiliate, NACM Inland Northwest (NACM INW), serving on its Board of Directors and various committees and task forces. She is currently chairman elect and ready to take the chair position in 2015.

The Credit Business Associate (CBA) designation is NACM's initial professional certification. Individuals earn the CBA by successfully completing three business credit courses (Basic Financial Accounting, Business Credit Principles and Financial Statement Analysis) and then passing a related exam. NACM's Designation of Excellence Awards honor designation holders who strive for excellence in all aspects of their professional development. Rasmusson is very proud of her CBA designation which she earned in 2011 through online and self-study programs offered by NACM. "She is a huge advocate for the scholarship program and what it means to those working toward their accreditation," said Jennifer Walsh, CBF, president Honors and Awards Committee, NACM Inland Northwest "She is constantly sharing her experiences on earning her CBA with others and telling them the positive changes it created for her personally and professionally."

Waukesha Credit Professional, Myra Kingstad, Receives National Award of Excellence

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myra-kingstadJuly 9, 2014: Columbia, MD—The National Association of Credit Management (NACM) honored Myra, Kingstad, CBF of Waukesha, Wisconsin with the 2014 CBF Designation of Excellence Award during the association's 118th Annual Credit Congress and Exposition, held in Orlando, Florida, June 8-11, 2014. Kingstad is the collections specialist at Walter USA, LLC of Waukesha, a company that for more than 80 years has offered an extensive selection of cutting tools for milling, drilling, turning and boring in the United States, Canada and Mexico.

The Credit Business Fellow (CBF) designation is NACM's intermediate professional certification. Individuals earning the CBF have met specific academic and participation-based benchmarks, and are knowledgeable about and have contributed to the field of business credit. NACM's Designation of Excellence Awards honors those designation holders who strive for excellence in all aspects of their professional development. Based on her noteworthy record of accomplishments and service, Myra Kingstad was chosen as this year's outstanding CBF designee.

Kingstad has been at Walter USA since 2007, where in her own words, she likes "troubleshooting, challenges and working with customers." In her association with NACM Midwest-Wisconsin, the local affiliate of NACM, she serves as vice chair of the Advisory Board. Her impressive level of volunteering extends to her membership in the National Association of Professional Women and working with political and charitable groups.

Sacramento Credit Professional, Pamela Craik, Receives National Award of Excellence

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pamela-craikJuly 9, 2014: Columbia, MD—The National Association of Credit Management (NACM) honored Pamela Craik, CCE of West Sacramento, California with the 2014 CCE Designation of Excellence Award during the association’s 118th Annual Credit Congress and Exposition, held in Orlando, Florida, June 8-11, 2014. Craik is the area credit manager at McKeeson Corporation of West Sacramento, a company founded in 1833 that supplies branded, generic and over-the-counter pharmaceuticals to more than 40,000 customers spanning retail chains, independent retail pharmacies and institutional providers such as hospitals, health systems, integrated delivery networks and long-term care providers.

The Certified Credit Executive (CCE) designation is NACM’s highest professional certification. The CCE endorses its achievers as capable of managing the credit function at an executive level in the areas of accounting, finance, domestic and international credit concepts, management and law. NACM’s Designation of Excellence Awards honors those designation holders who strive for excellence in all aspects of their professional development. Based on her noteworthy record of accomplishments and service, Pamela Craik was chosen as this year’s outstanding CCE designee.

Craik has been a credit professional for many years. “She is a highly recognized achiever at McKesson,” said Karen Schmidt, VP RX Ownership, McKesson Corporation. “Not only does she exceed expected goals and challenges in the credit and finance department, but she is respected by peers, sales and operations departments, and is the go-to person for many financial matters from high level executives.” At McKesson she mentored two assistants to earn their CBA designations showing her dedication to education in the field of credit. Personally, she has earned her Credit Business Associate (CBA) and Credit Business Fellow (CBF) in addition to the Certified Credit Executive (CCE) designation.

Hanover Credit Professional, Gary Gaudette, Honored with O.D. Glaus Credit Executive of Distinction Award

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gary-gaudetteJuly 9, 2014: Columbia, MD—The National Association of Credit Management (NACM) honored Gary Gaudette, CCE, ICCE of Hanover, New Hampshire with the 2014 O.D. Glaus Credit Executive of Distinction* during the association’s 118th Annual Credit Congress and Exposition in Orlando, Florida, June 8-11, 2014. The Glaus Award recognizes an individual who has made significant contributions to the credit profession, who upholds the tenets of lifelong learning and who is highly esteemed by his or her peers. Gaudette is senior treasury analyst at Hypertherm, Inc. in Hanover. Founded in 1968, Hypertherm specializes in industrial cutting that includes new plasma, laser and water jet technologies and services.

Gaudette has been active in the credit field for many years and is a member of NACM New England, an NACM affiliate. As Brandy Sailer-Dow, CICP, receivables specialist, accounting services at Hypertherm, said, “He feels strongly that continuing education is vital to every credit professional’s success. He is always available to answer questions and discuss ideas.”

Gaudette holds multiple credit-related designations including the Certified Credit Executive (CCE) and International Certified Credit Executive (ICCE) and is an alumnus of NACM’s Graduate School of Credit and Financial Management (GSCFM), a certification program that endorses its achievers as capable of managing the credit function at an executive level in the areas of accounting, finance, domestic and international credit concepts, management and law. The program is held each year on the campus of Dartmouth College. In addition, he is an alumnus of Franklin Pierce University in Rindge, where he earned his BS in Management and MBA in Leadership.

NACM’s Credit Managers' Index Falls to 56.1 in June

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The movement in this month's National Association of Credit Management’s economic report was certainly less than impressive, but the overall index is still solidly in the expansion zone. The most troubling sign is that companies seem to be getting into more distress and that might affect future performance. 

Columbia, MD: June 30, 2014—This month’s Credit Managers’ Index (CMI) reading from the National Association of Credit Management (NACM) was 56.1—barely higher than it was in April, but falling well below May’s 56.8. The readings had been closing in on 60 (57.1 in November and 57.3 in January) and are still firmly in positive territory, but are now just not trending in the preferred direction. The services sector took the brunt of the impact, and the manufacturing sector did not budge, for the second month in a row.

After the readings last month, it was thought that the CMI would show continued progress, but the manufacturing sector was flat and the service sector experienced a very sharp decline—enough to drag the index down. “The drop was unexpected, which has suddenly become a common refrain as some other data releases are starting to show similar trends,” said NACM Economist Chris Kuehl, PhD. The economy is clearly not out of the woods just yet, and the latest revision of first quarter GDP came as a shock. “It now appears that the economy contracted by far more than originally reported,” Kuehl said. “Add to this the latest data on durable goods and there is something amiss. Consumer confidence numbers have recovered to levels not seen since the start of the recession, but that renewed level of enthusiasm has not been enough to pull the economy forward, or so it would seem.”

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