With Valentine’s Day coming up, I can’t help but think of how we teach our children the concept that “sharing is caring” as they are growing up. We hope over time this lesson fosters acts of generosity and kindness, and it turns our kids into quality adults. In our profession, sharing information is crucial to our success. Attending industry credit group meetings gives us that bit of real-time information that often we cannot get from a credit reporting service or the internet.
There is nothing like being able to speak with another credit professional in your industry to find out about a mutual customer. Of course, there are guidelines which we need to follow when discussing customers (past activity only).
The group my company belongs to has an attorney present during all discussions and social activities as a precaution. In addition to obtaining customer information, Industry Credit Groups encourage networking, which is an important aspect of growing in a profession. By talking to others, we find out more about our particular industry, educational opportunities and ways in which we can expand our own knowledge base and ultimately better help our companies make sound credit decisions.
If you are not already a member of a Credit Group, I strongly encourage you to contact CMA to find out about an industry credit group that would be appropriate for your company. If you are a member of an Industry Credit Group, fully participate and help it to grow. Look out for other companies that would benefit from being a member of your group. There is a real strength to an industry group that has high participation, plenty of members and solid leadership.
And while we’re in the giving spirit, I encourage you to nominate individuals who you believe are moving the credit function forward with one of the honors and awards categories that CMA will be recognizing at its Annual Meeting in April. It’s really easy to nominate someone, and it’s a great way to show your appreciation for a fellow credit professional who constantly leads positive discussions at your Group meetings or consistently helps other credit managers. CMA is an association made up of an amazing group of people like you who are dedicated to helping the other credit professionals in our areas.
Thanks for reading!
CMA Chairperson 2016/2017