The Creditline - NACM Commercial Services · 2015-2016 Officers and Board President Barbara A. Davis, CCE Northwest Pump & Equipment Co. 503.227.7867 Vice President Debora Diamond-Burt,

The Portland Chapter of the Credit and Financial Development Division of the National Association of Credit Management holds monthly educational meetings and offers numerous scholarships to credit professionals in our community.

"CFDD—Dedicated to Your Success"

From CFDD Portland Chapter

Page 1

The CreditlineApril 2016

2015-2016

Officers and Board

President Barbara A. Davis, CCE Northwest Pump & Equipment Co. 503.227.7867

Vice President Debora Diamond-Burt, CCE, CICP Schnitzer Steel Industries, Inc. 503.721.5660

Secretary Yvonne Prinslow, CCE Hampton Lumber Sales 503.203.6495

Treasurer Bill Heintz, CBF TEC Equipment, Inc. 503.247.4604

1-Year Directors Melanie Etzel, CCE Cascade Nut and Bolt 503.375.6445

Joy Henderson Schnitzer Steel Industries, Inc. 503.220.5205

2-Year Directors Eve Sahnow, CBF OrePac Building Products 503.685.5497

Molly Spearing LaCrosse Footwear, Inc. 503.262.0110 x1315

Chairman of the Board Marilyn Rea, CCE Pacific Architectural Wood Products 503.943.2396

National CFDD Area Director— Oregon Lori Kimball, CBF NORPAC Foods, Inc. 503.480.2100 x2018

CFDD Liaison Kathy Linscott, CGA NACM Oregon 971.230.1164

"A Banker's Perspective"Thursday, April 14, 2016 Meeting Location: DoubleTree Lloyd Center 1000 NE Multnomah, Portland, Oregon

Enter parking lot from either NE 9 or NE 11 Ave., south of Multnomah Max Line stop: Lloyd Center.

Professional Networking and Social Time—5:30 to 6 p.m.

Meeting starts at 6 p.m.

Cost: $35 Members $40 Nonmembers

Outline: There will be an overview of the banking industry followed by the regulations that are impacting credit decisions and management portfolios today. We will then discuss risk ratings of credits and its impact on credit decisions and finish with a financial analysis including (covenants – debt service).

Presenter: Bill Jones, Opus Bank, has been in the banking industry within the Portland market for 37 years. He recently joined Opus Bank in late 2013, which is a new bank (5-years old) headquartered in Irvine, California. He has worked for several banks during that time including two Canadian banks. His background is strictly in commercial lending and relationship banking for large corporations in the Oregon and southwest Washington region as well as for several middle market companies.

Buffet Dinner Menu— Mixed Greens with Candied Hazelnuts, Dried Cranberries, and Rogue River Bleu Cheese; Hazelnut-crusted Chicken with Cherry Reduction; Apple Farms Red Pepper Gouda Au Gratin Potatoes; Seasonal Vegetables; Rolls and Butter; Chef's selection of displayed desserts; Coffee, Decaffeinated Coffee, and Tea.

Please contact Deborah Diamond-Burt, CCE, CICP, at [email protected] if you have any dietary restrictions to request a substitution to the regular menu at least 2 days prior to the meeting.

Program Cancellation Policy: Please RSVP and provide cancellation to the Calling Committee’s email about each CFDD meeting by 5 p.m. the Friday before the monthly educational meeting. Or contact Yvonne Prinslow, CCE, at 503.203.6495 or [email protected].

Directions to DoubleTree Portland Hilton – Lloyd CenterFrom I-5 Southbound: Exit #302A (Rose Quarter/City Center/Broadway Bridge). Turn left onto Weidler Street. Follow Weidler to 9th Avenue and turn right. Continue 3 blocks South pass Multnomah Street, turning left into hotel and parking structure.

From I-5 Northbound: Exit #302A (Coliseum/Broadway/Weidler). Turn right onto Weidler. Follow Weidler to 9th Avenue, turn right. Continue 3 blocks, just past Multnomah street, hotel and parking structure is on left.

From I-84: Exit #1, Lloyd Center (Lloyd Blvd.) Turn right at 2nd signal (11th Avenue). Hotel and parking structure is one block North.


Page 2


President's Message Greetings CFDD Portland Chapter Members!

Spring is finally here and hopefully more dry and warmer weather!

Thank you to Stefano Gaggini from Schnitzer Steel for his presentation on “Executive Management’s Assessment of Credit Risk” at the March Education and Annual Meeting. It is always interesting to get another perspective on credit risk, particularly from upper management’s point of view.

At our annual meeting, we elected the Board of Directors for the 2016-2017 year. I am excited with the incoming slate of officers and know they will do an excellent job for our chapter.

In addition to the election of the Board of Directors, it is also time we start forming our committees for the 2016-2017 year. Serving on a committee has several benefits such as earning Roadmap points for certification and “Dollars for Scholars” points. Serving on a committee is also a great way of giving back to the organization, as well as provid-ing new ideas and fresh perspectives. A committee sign-up sheet was emailed to the membership a few weeks ago and will also be on the tables at the April educational meeting. The committee descriptions are published in this month’s Creditline. Thank you in advance for your participation!

The 2016 Credit Retreat was a great success with an array of outstanding programs and speakers. We had a mix of CFDD and NACM Northwest members attending and many of our sessions were very interactive. As of this writing, we have gained one member as a result of attending the retreat and hope to have a few more. I would like to thank the members of the Credit Retreat Committee Brett Hanft, CBA; Charlene Gothard, CBF; Tawnya Marsh, CBA; Marilyn Rea, CCE; Molly Spearing; and Teresa Silva, CCE; plus Lori Kimball, CBF; and Kathy Hamilton, CCE; from the Salem/Albany Chapter for all their hard work in making this retreat a success. Outstanding job everyone!

I look forward to seeing you at the April 14 meeting.

Sincerely,

Barbara Davis, CCE CFDD Portland Chapter President

Important announcement

change In LocatIon for may meetIng

Please note that due to the Doubletree booked for a large convention, our May meeting will be held at the Fireside Room at the Portland Brewing Company Taproom located at 2730 NW 31st Avenue, Portland, Oregon 97210.

Directions are below:

From I-405 North or SouthTake the St. Helens/Highway 30 exit. Take Highway 30 (NW Yeon Ave) about 1 mile. Take left on 29th Avenue. Go two blocks to Industrial St. and turn right. Go 2 blocks to 31st Avenue. Taproom is on the corner of NW 31st and Industrial.

From I-5 North or SouthTake exit 302B across the Fremont Bridge and follow the above directions starting with the St. Helens exit at the West end of the bridge.

From NW 23rd Ave.Head north to Vaughn. Make a left on Vaughn. Make right on NW 26th; NW 26th becomes Industrial St. Continue to NW 31st. Taproom is on the corner of NW 31st & Industrial.

We will resume our meetings at the Doubletree in June.

CFDD Vision Statement—"The mission of the NACM Credit and Financial Development Division is to develop tomorrow’s business leaders through core offerings."

CFDD Mission Statement—"To be a leading provider of professional development opportunities through learning, coaching, networking, and individual enrichment."


Page 3


CFDD Portland Chapter Scholarship Spring is here! This means you don’t have long to take advantage of your "Dollars 4 Scholars!" All

applications to use your funds need to be in to me by the end of May. As of June 1 we start a

new year and your accruals from this past year will be available.

Remember you can use these funds for conferences, educational classes, testing fee’s etc., and they can be used in conjunction with any other awarded scholarship.

CFDD National conference is coming up September 21-23 in Louisville, Kentucky. We have scholarships available for the registration costs of that conference. If you are interested in attending this conference please get your scholarship registrations in to Tawnya Marsh, [email protected] by August 1.

If you have any questions regarding scholarships or how to fill out the applications please feel free to contact me! I can help you through the application process and also tell you what is available to you.

I hope you are all enjoying spring!

Thank You to NACM Northwest Foundation I wanted to write my sincere thank you note to the NACM Northwest Foundation for my recent scholarship to attend the 2016 CFDD Credit Retreat. This retreat was especially helpful to me as I will be re-writing our company’s credit policy this year. Three years ago, we had a system change and have not updated our policy to reflect the many changes we are now working towards. The retreat was helpful in aiding me in the way I had been thinking about writing a policy. I kept thinking about the WHOLE THING, and now have a better understanding and approach to the daunting task at hand; taking it section by section. There was so much credit knowledge in the room and I’m always impressed by my peers and their vast knowledge and sharing of credit information. They are a great resource and we are lucky to have them. Thank you to the committee for putting this together and the speakers for taking the time to present and share with the attendees.

That being said please do not hesitate to apply for the many scholarships that are offered. Our continued education is so important to our daily lives/jobs and we are lucky to have so many opportunities.

With Thanks,

Molly Spearing, LaCrosse Footwear, Inc.

Congratulations!

The following CFDD Portland Chapter members earned their Certified Credit Executive (CCE) certification:

Debora Diamond-Burt, CCEKathleen Victoria, CCECharles Westemeyer, CCE

Monthly Raffle The monthly raffle supports the scholarship fund of the Portland Chapter.

If you have an item to donate contact Nancy Larson at [email protected].


Page 4


Badges/Hospitality The responsibility of the Badges Committee is to have a name badge available for each person (member, speaker, or guest) who attends CFDD meetings or seminars. The purpose of the Hospitality Committee is to meet, greet, and welcome new and prospective members, and to encourage them to be a part of our organization. Share with them the benefits of membership in CFDD and our chapter.

Calling/Telephone The purpose of the Calling Committee is to contact all members prior to our monthly educational dinner meetings to obtain an accurate count of attendance as well as communicating any urgent or new information to the membership. The chairman will also forward the attendance list to the Chapter President, Badge Committee Chair, and the Treasurer for accurate record keeping.

DMA (Distinguished Member Achievement) Event This committee organizes the program for the evening event in which the DMA and ONM Awards are presented.

DMA Award Selection This committee solicits nominations, reviews, scores, selects, and announces the individual(s) to be awarded DMA Award for the chapter. The previous year’s recipient is designated as the chairman of this committee.

Education Committee The chief purpose of the Education Committee is to organize and promote special educational programs sponsored by the chapter and/or NACM Northwest. This committee is also responsible for offering mini-sessions to the monthly educational meetings, when appropriate .

Greeting/Inspiration/Reflection The purpose of this committee is to arrange for members to prepare and deliver an inspirational message for all regular monthly meetings throughout the year.

Historian The goal of the Historian is to collect pertinent information on activities of the chapter including seminars, classes, news, conferences, social gatherings, and recognitions. Information may be in the form of print, photos, or bulletins. They will also take lead on updating the CFDD web link with new information and photos. (Photo Gallery).

Holiday Event The committee will work on a theme and place for a special night to enjoy with employers, family, and friends for the December meeting with a Holiday theme. They will work with Program Committee to determine a topic/speaker that might match the theme. Fund-raising opportunities may also be offered, i.e. Baskets of Cheer, Centerpiece Auction, or other fund-raising opportunities.

Legislative Watch The mission of this committee is to implement the published NACM and NACM Northwest objectives: to encourage and maintain at all times the vigilance necessary to assure good laws for sound business credit and to insure equality and justice in business credit transactions.

Membership Committee/Member Records The purpose of this committee is to recruit new members for, and maintain existing membership of the Portland Chapter of CFDD. The responsibility of the Member Records Committee is to work in conjunction with NACM Northwest to archive and accurately maintain the member roster that is reported on a quarterly basis to CFDD National. This requires a thorough reconciliation of member records the first week of January every year to coincide with the annual membership report submitted to CFDD National by January 10.

Member Profile The purpose of this committee is to share with the membership relevant history about members of the organization who have contributed to the growth and good name of CFDD and our chapter.

Mentoring This committee was formed to build relationships and assist CFDD and NACM Northwest members in obtaining their career goals and certification in the field of credit and financial management.

Monthly Raffle/Fund-raising The goal of this committee is to raise funds for chapter scholarships by procuring items to be raffled and selling tickets to the members and guests at the monthly educational meetings. This committee is also responsible for gathering items, organizing, and presenting the Fall and Spring fund-raisers for the chapter. The committee may also recommend to the Board and organize and present additional fund-raising efforts/programs as it deems appropriate. The goal is to have fun and “low stress” fund-raisers.

Committee Sign-Up & DescriptionsA committee sign-up sheet was sent out to all CFDD Portland members last month. If you have not signed up for a committee, please consider doing so by the May meeting. Remember that serving on a committee gains you Roadmap points as well as "Dollars for Scholars" points for the 2016/2017 year. If you have any questions about the committee’s and how involved they are please see the descriptions listed below.

continued on page 5


Page 5


Committee Descriptions, continued from page 4

ONMA (Outstanding New Member Achievement) Award Selection The committee solicits names, reviews, scores, selects, and announces the individual(s) who is chosen as the chapter’s ONM. The previous year’s recipient is the chairman of this committee. If there had not been a winner from the previous year the Board as a whole will make the selection.

Program Committee This committee is responsible for organizing the monthly educational program meetings for the chapter membership. Proposed education offerings will be made at the planning session annually and the committee will assist the Vice President with obtaining speakers, CEU certification, submitting monthly program information for publication in the Creditline, and other arrangements. The VP of the chapter chairs this committee.

Publicity Committee The purpose of this committee is to promote and inform CFDD and NACM membership and the public about the goals, activities, and accomplishments of the chapter, and to assist with the publication of the monthly Creditline.

Scholarship The goal of this committee is to offer and award scholarships for credit-related activities such as meetings, classes, seminars, certification fees, conferences, and retreats and to encourage members to apply for National scholarships. This committee will follow up with winners for either verbal or written reports upon completion of the event.

Spring RaffleOur own Eve Sahnow's husband is putting together a Garden Box for our Spring Raffle! Along with this will be numerous other goodies that go with this wonderful item. Get set for spring and summer to plant vegetables or flowers with this great prize!

Tickets are $5 each or three for $10.

Upcoming Monthly MeetingsMay—"Installation and NACM Update"

June—TBD

July—"H/R Issues"

February Treasurer’s ReportTotal beginning balanceof Restricted and Unrestricted Funds $13,014.74

Unrestricted Funds Beginning Balance as of February 1, 2016 $349.97

Income $7,996.00

Expenses $6,759.00

Ending balance as of February 29, 2016 $1,586.97

Restricted Funds Beginning Balance as of February 1, 2016 $12,664.77

Income $.55

Expenses $5.00

Ending Balance as February 29, 2016 $12,660.32

Total Ending Balance of Restricted and Unrestricted Funds $14,247.29

Breakdown of AccountsUnitus 1 Share Deposit $5.01Checking Account Balance $7,688.55Outstanding Checks ($540.00) Money Market Account Balance $7,093.73

Ending Balance as of February 29, 2016 $14,247.29


Page 6


CFDD Portland Chapter Education Meeting MinutesMarch 10, 2016

The meeting was called to order President, Barbara Davis, CCE, at 6:01 p.m., at the DoubleTree Lloyd Center.

Introductions Introduction of Past Presidents: Tawnya Marsh, CBA, and Marilyn Rea, CCE. NACM Northwest Board Members: Marsha Johnson, CCE, Immediate Past Chair, and Tawnya Marsh, CBA, Director. NACM Northwest Foundation Board Members: Barbara Davis, CCE; Vice Chairman; Jeff Butterfield, CCE, RGCP; Yvonne Prinslow, CCE; and Marilyn Rea, CCE, Directors. NACM/CFDD Liaison: Kathy Linscott, CGA, NACM Northwest. Special Guests: Kristy Prouty, Leopold & Stevens, Inc., (guest of Molly Spearing); Dani Solis, Truitt Bros., Inc. (member of the CFDD Salem/Albany Chapter); Sheila Roames, CCE, Past CFDD National Chairman; Stefano Gaggini, VP Corporate Controller and Principal Accounting Officer, Schnitzer Steel Industries (speaker).

Business Meeting Approval of the minutes for the February 2016 Educational Meeting: a motion was made by Ruth Moehnke and seconded by Melanie Etzel, CCE.

Reports of Officers, Boards, and Standing Committees—

Treasurer’s Report— Are available on the tables.

Program—Deborah Diamond-Burt, CBA, CICP April—"A Bankers Perspective," speaker, Bill Jones May—"Installation and NACM Update" June—"TBD" July—"H/R Issues," speaker Jack Cooper August—"Credit Jeopardy"

Membership—Yvonne Prinslow, CCE Katie Allard is no longer with Kai USA Ltd, her membership is now an Open Rep position. We are holding at 65 members.

Scholarship—Tawnya Marsh, CBA Tawnya announced that Yvonne Prinslow, CCE, was awarded a scholarship for the Credit Retreat and Julie Greiber was awarded the first-time attendee scholarship for Credit Congress. She also announced that the Board of Directors asked her to work up some standing rules for scholarships which the Board has approved. She shared the standing rules and will send them via email to all members.

Fund-raising—Nancy Larson We have 4 beautiful baskets for tonight’s monthly raffle. For the May meeting we are planning on have a couple of raffles. We will have a Garden Basket inside a planter box that Eve Sahnow’s husband is making. Tickets will be $5 each or 3 for $10. Please bring donations for the basket. We will also have a plant sale instead of our regular monthly raffle, so please bring plants to raffle off in May.

Credit Retreat—Barbara Davis, CCE We have 36 people registered. It will start 8 a.m. at McMenamins Edgefield in the Ballroom on the 2nd floor. Please contact Barbara Davis, CCE, or Brett Hanft, CBA, with any questions.

Nominating Committee—Marilyn Rea, CCE Barbara called for the election of Officers and Directors for the CFDD Portland Chapter.

Marilyn: A Nominating Committee was appointed and their recommendations were announced and printed in the February Creditline per the Chapter By-laws. The Nominees are as follows:

Chairman of the Board—Barbara Davis, CCE, Northwest Pump & Equipment Co.

President—Yvonne Prinslow, CCE, Hampton Lumber Sales

Vice President—Debora Diamond-Burt, CBA, CICP, Schnitzer Steel Industries Inc.

Secretary—Joy Henderson, Schnitzer Steel Industries Inc

Treasurer—Teresa Silva, CCE, Truitt Bros, Inc

1-Year Directors—Eve Sahnow, CBF, Orepac Building Products and Molly Spearing, LaCrosse Footwear

2-Year Directors—Melanie Etzel, CCE, Cascade Nut & Bolt Inc., and Bill Heintz, CBF, TEC Equipment, Inc.,

Barbara: This is the slate of officers and directors as presented by the Nominating Committee for the 2016-2017 year. Are there any nominations from the floor? Hearing none, I would entertain a motion that the slate of officer and directors as presented for 2016-2017 year be elected.

Marsha Johnson, CCE, moved and Marilyn Rea, CCE, seconded.

Barbara: It has been moved and seconded that the slate of officers and directors as presented be elected. All those in favor of this slate for officers please say yes. None opposed.

Barbara thanked the Nominating Committee comprised of Marilyn Rea, CCE, Chairman; Barbara Davis, CCE; Tawnya Marsh, CBA; Ruth Moehnke; and Eve Sahnow, CBF.

Announcements The "Viv" Award presentation has been postponed to the April meeting. NNF Scholarship deadline for the 2016 Credit Congress in Las Vegas, Nevada, is March 31, 2016. The 2016 CFDD National Conference in Louisville, Kentucky, will be September 21-23 at the Seallbach Hilton. The early bird registration deadline is August 5. There has been a change in venue for the May meet-ing. We will be meeting at Portland Brewing in NW Portland.

Dinner

Program— “Executive Managements’ Assessment of Credit Risk” presented by Stefano Gaggini, VP Corporate Controller and Principal Accounting Officer, Schnitzer Steel Industries, speaker

Closing Announcements Next board meeting is Thursday March 24, 2016, at 5:15 pm @ NW Pump & Equipment. The deadline for the April Creditline is March 21, 2016. Parking Passes are on the front table. CEU Forms are on the tables

Monthly Raffle

Adjournment Meeting was adjourned at 7:56 p.m.

Respectfully submitted, Yvonne Prinslow, CCE, Portland CFDD Secretary


Page 7


CFDD Portland ChapterApplication for Scholarship Award

1. Which scholarship are you applying for? _________________________________________________________________

______________________________________________________________________________________________________

2. Please consider my application for a scholarship toward: ____________________________________________________

______________________________________________________________________________________________________

3. How long have you been a member of CFDD? _____________________________________________________________

4. Please list the number of meetings attended in the last twelve months: _________________________________________

5. Currentpositionwithfirm: _____________________________________________________________________________

6. Willyourcompanysupportyoufinanciallytoattendthisclass? Yes No Partially

7. Areyouworkingtowardscertificationorrecertification? Yes No

8. What interests you in this class/conference? ______________________________________________________________

______________________________________________________________________________________________________

______________________________________________________________________________________________________

9. Briefly,outlineyourpastandcurrentparticipationinCFDD:(Pleasecompleteonbackifneeded.)

a. Officesheld _____________________________________________________________________________________

Dates to/from: __________________________________________________________________________________

b. Committees served _______________________________________________________________________________

Dates to/from: __________________________________________________________________________________

10. Haveyoupreviouslyappliedforascholarship?Ifso,whenandwhichone? _____________________________________

______________________________________________________________________________________________________

11. Have you been awarded a scholarship within the past 12 months from CFDD Portland Chapter? Yes No

Whichone(s) _______________________________________________________________________________________

12. HaveyoupreviouslyattendedthePacificNorthwestCreditConferenceorNationalCreditCongress?

______________________________________________________________________________________________________

PNWCC—Year(s)attended: _______________________________________________________________________________

NationalCreditCongress—Year(s)attended: _________________________________________________________________

IunderstandthatifIamselectedforascholarship,ImustsubmitawrittenreporttotheScholarshipCommitteewithinthreeweeksofcompletionoftheclassorseminar.Atmyoption,Imaymakeanoralreporttothemembershipinplaceofthewrittenreport.

Member Name: _____________________________________Company Name: _____________________________________

SupervisorName: ____________________________________ SupervisorEmail: ___________________________________

Mailing Address: ________________________________________________________________________________________

City,State,Zip: _________________________________________________________________________________________

Phone: ____________________________________________Fax: ______________________________________________

EmailAddress: _________________________________________________________________________________________

Signature: __________________________________________ Date: _____________________________________________

13.Mail,fax,oremailto: TawnyaMarsh,CBA ColumbiaRiverKnife&Tool 18348SW126thPl.,Tualatin,OR97062 p: 503.218.2527 f: 503.682.9680 e: [email protected]


Page 8


Please type or printIherebymakeapplicationformembershipintheNationalAssociationofCreditManagement,CreditFinancial DevelopmentDivision,PortlandOregonChapter.

Company DataName: ____________________________________Title: ____________________________________________

Email:_______________________________________________________________________________________

Company: _________________________________________________________________________________

Phone: _______________________________________Fax: _________________________________________

Address(Mailing): ____________________________________________________________________________

City/State/Zip: _______________________________________________________________________________

Physical: ____________________________________________________________________________________

City/State/Zip: _______________________________________________________________________________

NACMAffiliate/CRFwhichyourfirmbelongs:_____________________Member# ________________________

How/where did you hear about CFDD? ____________________________________________________________

Personal DataAddress: ____________________________________________________________________________________

Phone#: ______________________________________Birth month & date: _____________________________

Annual dues are billed the end of October each year and the membership year is January 1 through December 31. Dues are $110 per year and are prorated on the basis of $9.17 per month.

PleasebillmyfirmonthenextNACMOregonstatement$ ______________________________________________

Applicant’s signature ____________________________________________________________________________

Date: _________________________________________________________________________________________

Please send the completed form to the following address:

YvonnePrinslow,CCEHamptonLumberSales9600SWBarnesRd.,#200,Portland,Oregon97225-6698p 503.203.6495 f 503.291.5653 e [email protected]

CFDD Portland ChapterMembership Application

mailto:diane.snyder%40rodgersinstruments.com?subject=

Documents

The Creditline - NACM Commercial Services · 2015-2016 Officers and Board President Barbara A. Davis, CCE Northwest Pump & Equipment Co. 503.227.7867 Vice President Debora Diamond-Burt,