The InterConnection VOLUME 7
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ISSUE 3
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MAY/JUNE 2019
State of the Association Address Phil Lattanzio, CCE
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hank you for being here this afternoon, we are glad to have you with us.
I’d like to thank several people for making 2018/2019 another successful year: Membership and Group Members; Kurt Albright and the Board of Directors; committee volunteers; vendor partners; instructors; and NACM Connect staff. Our administration team provided guidance for an outstanding budget process and final budget. Through an RFP process we changed the Association’s insurance agency for risk insurance policies, saving many thousands of dollars in agency commissions. We switched employees to a cheaper seat license option for Office 365, saving over $300 per month without losing any functionality. A seven-year program to replace all twelve rooftop HVAC units on the Rolling Meadows properties was completed. Finally, this team
Phil Lattanzio, CCE, presents the State of the Association Address at the NACM Connect Annual Meeting in Rolling Meadows, Illinois.
assumed Accounting responsibilities for the Commercial Law League of America. Following assumption of Accounting responsibilities, CLLA’s three entities were converted to the CMS system from Quickbooks. We are a financially strong Association, exceeding both the Consolidated and Operating Budgets. Cash Flow Continues to Improve. Total Revenue grew by 7% and net income grew by 108%.
Membership Declined by 1%, but NACM Connect (9 Regions) continues to be the largest affiliate and we continue to have a 90% retention rate. Total new members for the fiscal year was 226. In collections, revenue grew by 5% overall. Collections in the Great Lakes Region grew 73% over last fiscal year with 50 new placers, and collections in Caine &Weiner grew 8% over last fiscal year with 37 new placers. The Credit Reporting Team has had an exceptional year, growing revenues by 11%. They have enjoyed double digit growth for the past 6 years. During fiscal 2018-2019, 87 new credit report agreements for a total of $452,487 we signed. Hundreds of students went through NACM Connect Institute of Credit programs in 9 regions. Ninety-one people took classes or seminars via videoconferencing, which helped us to achieve a 26% increase in Continued on page 7 >>
NACM Connect Welcomes Pennsylvania Affiliate Phil Lattanzio, CCE
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n May 1, 2019 the NACM affiliate headquartered in Pittsburgh will become part of the growing NACM Connect family. The current staff, office and main phone number will remain in place for continued support to members. The PACM.net website and PACM Facebook page will also temporarily continue to be active, eventually being re-directed to nacmconnect.org
and the NACM Connect Facebook page. NACM Connect now covers parts of ten states including Illinois, Wisconsin, Nebraska, Kansas, Missouri, Indiana, Michigan, Ohio, Upstate New York and Pennsylvania. Along with Pennsylvania a small section of West Virginia and Maryland will also become part of our affiliate. The growth of NACM Connect provides members with ever increasing opportunities for cost
savings from some of our vendors, educational offerings, and more. The economies of scale are at work! NACM Connect has a long and successful history in association management while our vision is focused on the future of the credit industry. It is our goal to be an extension of your credit department. If you have any questions about this merger, please contact Phil Lattanzio, President & COO at 847/483-6477 or at phil.lattanzio@nacmconnect.org.
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