PENNSYLVANIA ASSOCIATION of CREDIT MANAGEMENT
A Member Owned Professional Association established in 1896 to Support
and Educate the Credit Profession

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INDUSTRY CREDIT GROUPS

 WHY SHOULD I JOIN?

Pennsylvania Association of Credit Management has always been active in the forming and servicing of Industry Credit Groups and a sizable percentage of our member companies belong to a group. Our sponsored groups are organized on a local, regional, and national basis and their primary purpose is to assist the credit executive in making decisions with respect to the extension of credit based on current and accurate information.

Credit groups have proven themselves to be a very effective management tool by providing:

  • An opportunity to exchange information on past paying experience of common customers within a common industry.
  • A means of verifying information, reports and other credit-determining facts which the credit executive can use to his/her own credit decisions.
  • Opportunities to exchange the latest information on department procedures, equipment and other credit management functions.
  • An opportunity to discuss the latest legal rulings pertaining to business credit management.

Group meetings are monitored by a qualified PACM staff representative and group by-laws are formulated in conjunction with PACM and federal guidelines. These protective measures are established in order to ensure strict compliance with antitrust laws as they apply to the extension of credit. Complying with the law affords protection to the individuals, their companies, the group and PACM

The following is a listing of our local industry groups:

  • Building Trades
  • Electrical Suppliers
  • Floor Covering
  • Food Group
  • Construction
  • Fine Paper
  • Plumbing & Heating Supply
  • Wholesale Lumber

The following is a listing of our national and regional industry groups:

  • Northeast Regional Metal Group
  • National Refractory
  • Metal Industry Raw Material Supplies

CREDIT CLUBS

CREDO CLUB:
Credo dates back to 1915 and is the oldest continuously running business club in the country and conducts luncheon meetings in the greater Pittsburgh area. Lunch is followed by a guest speaker from various business, economic, educational, and legal professions. These gatherings give credit and financial executives an opportunity to meet and associate with their peers.

INTERNATIONAL CREDIT CLUB:
A group of credit professionals hold meetings with speakers and/or round table discussions covering current procedures and regulations involving international commerce.