Press Room

NACM has a wealth of member experts in the fields of business-to-business credit and law. Consider using NACM as a resource in the development of your next business story.

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

Minneapolis-Area Credit Professional, Duane Schwartz, Garners National Honors

on .

Award Presented by the National Association of Credit Management

July 19, 2012: Columbia, MD—The National Association of Credit Management (NACM) has recognized Duane Schwartz, CCE of Plymouth, as the 2012 Instructor of the Year. Schwartz was feted at NACM's 116th Annual Credit Congress and Exposition, held in Grapevine, Texas, June 10-13, 2012.

Schwartz is the credit manager for The Tile Shop, LLC in Plymouth. As an educated credit professional, Schwartz has shown his passion for sharing this knowledge by stepping into the role of teacher. When the sole instructor of Schwartz's NACM affiliate—Forius Business Credit Resources in Minneapolis—retired, "Duane was not only the first to volunteer, but also the first to teach," said Toni Nuernberg, Forius president and COO. "Duane has embraced his role as the primary instructor for the Business Credit Principles class and enhanced it by adding an online community where the students can interact with the instructors as well as network with each other." Schwartz has also taught other Forius Credit Administration Program (CAP) and Advanced Credit Administration Program (ACAP) classes.

Minneapolis-Area Credit Professional, Jason Sanborn, Honored as Student of the Year

on .

Award Presented by the National Association of Credit Management

July 19, 2012: Columbia, MD—The National Association of Credit Management (NACM) honored Jason Sanborn, CBA of Blaine as the 2012 Student of the Year during the association's 116th Annual Credit Congress and Exposition, held in Grapevine, Texas, June 10-13, 2012.

Sanborn clearly demonstrates his commitment to education. He only started pursuing his professional development in late 2009, but since has completed three Credit Administration Program classes provided by his NACM affiliate, Forius Business Credit Resources, based in Minneapolis. The completion of these courses culminated in the achievement of his Credit Business Associate (CBA) designation in 2011. The CBA is the first of three academic-based designations administered by NACM, signified by the mastery of three business credit disciplines: basic financial accounting, business credit principles and introductory financial statement analysis.

Spokane Credit Professional, Karol Saito, Receives National Award of Excellence

on .

Award Presented by the National Association of Credit Management

July 19, 2012: Columbia, MD— The National Association of Credit Management (NACM) has recognized Karol, Saito, CBA of Spokane as the recipient of the 2012 CBA Designation of Excellence Award. Saito was honored at NACM's 116th Annual Credit Congress and Exposition, held in Grapevine, TX, June 10-13, 2012.

The Credit Business Associate (CBA) designation is NACM's initial professional certification. Individuals earn the CBA by successfully completing three business credit topics (basic financial accounting, business credit principles and introductory financial statement analysis) and then passing a related examination. NACM's Designation of Excellence Awards honor designation holders who strive for excellence in all aspects of their professional development. Among the many laudable traits this year's outstanding CBA designee possesses, Saito's commitment to the profession shines. "Our credit community is a better place with Karol involved in it," said Jennifer Walsh, CBA, president of NACM Inland Northwest (NACM INW). "Education is always on the forefront of her mind."

Val Venable, CCE Honored with O.D. Glaus Credit Executive of Distinction Award

on .

Honored by the National Association of Credit Management

val venable 2012July 11, 2012: Columbia, Maryland—The National Association of Credit Management (NACM) honored Val Venable, CCE as the 2012 O.D. Glaus* Credit Executive of Distinction during its 116th Annual Credit Congress and Exposition, held in Grapevine, Texas, June 10-13, 2012. 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.

Venable is director of credit for Ascend Performance Materials, a global leader in proprietary technologies involving the production of nylon, plastics and synthetic fibers headquartered in Houston, Texas. She was previously the America's credit manager for SABIC Innovative Plastics where she managed a portfolio consisting of over 50,000 accounts. With over 25 years' experience as a credit manager, Venable has worked in the aerospace, steel and metal, and marine industries, both domestic and international.

Venable holds an undergraduate degree and has earned the Six Sigma Vendor Black Belt and Six Sigma Green Belt. She holds a certificate as a Certified Expert Witness and has also completed NACM's Graduate School of Credit and Financial Management (GSCFM). She has been an expert on bankruptcy and bankruptcy reform for the NACM Government Affairs Committee for the past decade and has testified before the U.S. Congressional committee on behalf of NACM. She has also co-chaired an American Bankruptcy Institute (ABI) committee on NACM's behalf, as well as served on many creditors' committees on behalf of her employers. Venable served on the NACM National Board of Directors for eight years, serving as chairman in 2001-2002. Additionally, she has served on and chaired many national committees, and has been a presenter and panelist for several NACM Credit Congress sessions, as well as regional conferences and industry day forums. Venable currently serves as a board member with her local affiliate, NACM of South Texas in Houston.

NACM Pushes Bankruptcy Code Reform with 2012 Issue Brief

on .

Columbia, Maryland: June 6, 2012—The National Association of Credit Management (NACM) released the 2012 edition of its Legislative Introduction and Position Brief today. Appearing in the June issue of the association’s flagship publication, Business Credit, the comprehensive document serves as a historical record of NACM’s more than 100 years representing the interests of unsecured trade creditors on Capitol Hill.

After playing an important role in last year’s repeal of the 3% withholding tax, which would’ve been charged on most government contracts on a local, state or federal basis, NACM has thrown the full weight of its resources behind the cause of reforming the Bankruptcy Code, and specifically its preference provisions.

Despite the changes made in the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA), preference abuse is still prevalent. For many years now, NACM has sounded the alarm over the Code’s broken and fundamentally unfair preference provisions, which have failed to function as originally intended. “The reality is that trade creditors face a double jeopardy: they lose funds due to the bankruptcy and are also forced to repay funds already collected,” says NACM in the brief. “This simple fact has put some small companies out of business.”

NACM’s position is that the burden of proof in a preference claim should be shifted from the creditor to the trustee, and the 2012 Legislative Introduction and Position Brief features a simpler, updated approach to accomplishing this through legislation. The document also features NACM’s numerous other bankruptcy-related priorities.

Another new addition to this year’s brief is a section pertaining to NACM’s international division, the Finance, Credit and International Business Association (FCIB). FCIB’s vital position as a supporter of exports has become ever more important in the wake of President Barack Obama’s National Export Initiative (NEI), which is now in its second year and sets a goal of doubling U.S. exports by 2014.

A full copy of NACM’s 2012 Legislative Introduction and Position Brief can be found here.

National Association
of Credit Management

8840 Columbia 100 Pkwy.
Columbia, MD 21045
Phone: 410-740-5560
Fax: 410-740-5574

Let's Get Social!

NACM's Preferred
Software Providers

Discover More About NACM

Credit Congress
NACM's Annual Conference

Our History
Over 100 Years of History