December 13, 2007
Chapter Presidents' Breakfast at the Annual Convention
What specific topics would you like to see discussed or presented at the Breakfast?
August 6, 2007
Chapter Presidents' Breakfast at the Annual Convention
What specific topics would you like to see discussed or presented at the Breakfast?
May 25, 2007
Chapter Presidents' Minutes - May 16,2007
COMMERCIAL FINANCE ASSOCIATION
Chapter Presidents
May 16, 2007 Teleconference Meeting
MINUTES
Present:
Neil Kelly, National City Business Credit, Inc., Ohio Chapter president
Ed McGugan, CIT Healthcare, Philadelphia Chapter president
Richard Lewis, Wells Fargo Business Credit-Factoring, Government Services Group, Baltimore-Washington Chapter vice president
Jason Mills, PNC Business Credit, Carolinas Chapter president
April Prichard, GMAC Health Capital, Southwest Chapter vice president
Todd Runge, UPS Capital Corp., Atlanta Chapter president
Matthew Stanley, Bridge Finance Group, Midwest Chapter president
Also present:
Jennifer Sappell, Chapter/Membership Director, CFA
In the course of attendee introductions, another new president was welcomed: Jason Mills who was previously vice president of the Carolinas Chapter is now president. Jason has also been nominated for 2007-2008 presidency. Elections are slated for June 21, with CFA president Ted Kompa in attendance. At our last meeting, Todd Runge was welcomed as the new Atlanta Chapter president.
Administrative reminders:
- Evidence of insurance is still needed from several Chapters for both G/L and D&O policies.
- IRS returns were due May 15, 2007 unless extended. Please forward copies of returns or extensions to Jennifer.
- Chapters have been requested to provide rosters of paid members for complimentary Secured Lender subscriptions. Please include phone numbers and email addresses for our database purposes.
- Chapters with mid-year elections need to request nominations now
- Several chapters have not yet reported a scheduled holiday event, and were reminded to be mindful of conflicts with other Chapters and other association’s events.
- Secured Lender: Chapter Roundtable responses and Chapter News content is due 5/17. Next deadline (for the Sept/Oct issue) is July 17.
Attendees were directed to the new Chapter Leaders’ Blog for a copy of this meeting’s agenda and the minutes of the March 7, 2007 Presidents’ Meeting: http://www.cfachapters.com/ All Chapter leaders are encouraged to refer to the site, as well as post to the site. It is intended to be a resource for information and commentary. Registration as a user is quick, easy and self-explanatory.
The CFA Education Director, Michael Keller, is currently soliciting requests from Chapter leaders for “blue sky” projects. The Education Foundation is considering significant financial support to benefit the Chapter network. Two ideas from attendees for development projects were discussed:
- Professional photographers at some Chapter events for Secured Lender and other promotional purposes
- Paid administrative support (database management, flyer design, event planning)
Additional ideas are welcome, especially those consistent with the Foundation’s educational mission. Please contact Michael Keller.
Representatives of two Chapters discussed the possibility of CFA assistance in job searches and/or job postings. CFA policy as a trade association is that CFA represents the interests of businesses, and it is not in the businesses’ interest to facilitate movement between members. Following discussion, the matter was referred to the Chapter Focus Committee. It was observed that the issue may be redirected toward the parent association.
Changes to the CFA Annual Convention format related to all Chapter officers have been implemented. All Chapter officers and guests will be invited to the Board of Directors reception and dinner on (Nov. 6, 2007) the night preceding the opening of the Convention (Nov. 7, 2007). There will be recognition of Chapter presidents during the evening. On the next day, the first day of the Convention, there will also be a Chapter Presidents’ Breakfast prior to the organizational meetings to which officers are welcome. These changes have been made so that Chapter officers’ attendance opportunities are more compressed, and to encourage greater participation. The changes are articulated now so that plans may be made for arrival before opening day.
There was a discussion of event practices related to food, drinks and speaker timing. While there seems to be nothing that is “right” for each Chapter, there was consensus that drink-time prior to speakers should be minimal (if at all) and that Chapter leadership should be assertive in promoting courtesy toward speakers.
Wednesday, July 18, 2007, Noon (EDT). Please note the variation in scheduled meeting time.
Thank you for visiting. Please comment on what kinds of topics you'd like to see discussed here.
May 15, 2007
Chapter Presidents March 7, 2007 MINUTES
COMMERCIAL FINANCE ASSOCIATION
Chapter Presidents
March 7, 2007 Teleconference Meeting
MINUTES
Present:
Gail Bernstein, California (CFCC) President
George Grieco, New York Chapter president
Steve Macko, Northern California Chapter president
Glenn Noble, Baltimore-Washington Chapter president
Todd Runge, Atlanta Chapter president
Scott Ryan, New England Chapter president
Harold Shapiro, Canada Chapter president
Matthew Stanley, Midwest Chapter president
Melody Vollman, Mid South Chapter president
Jason Mills, Carolinas Chapter vice president
Gail Waxman, Southwest Chapter president
Also present:
Jennifer Sappell, Chapter/Membership Director, CFAThe meeting began with the introduction of all attendees, including the new Atlanta Chapter president, Todd Runge.
Membership rules were reviewed for the CFA parent association, and there was clarification of Chapter requirements:
- Membership in the CFA parent association is for businesses with capital at risk.
- Participation in Chapter programs and events is for employees of CFA parent association members and service providers.
- Non-members of CFA who are eligible for membership are prohibited from participation except when cosponsored, open events are offered.
- It is not required that employees of member companies join Chapters to participate. Employees are permitted to participate as Chapter non-members and pay non-member rates.
- Chapters may choose to honor other Chapters membership status at their discretion.
It was agreed that the common challenge was attendance rather than membership. NJ is offering a free annual membership to previous non-members who register for a particular event to drive up both attendance and membership. Panels of sponsors, joint events with TMA, ACG, AIRA, etc. and recognized speakers all contribute to well-attended events. There was a noted trend toward joint events in general, and a willingness for participants to travel to combined, larger events. Cosponsored events drive attendance, and eventually, membership. There was little interest expressed in “prepackaged” programs offered as a suggestion by the Chapter Focus Committee. Most appealing were speaker programs with a humorous component. Entertaining economists, public speaking and presentation experts were also popular. Recommendations and references must be solicited prior to any engagement to ensure success. Bank economists will often speak at no charge, but are usually not entertaining.
Chapter leaders were reminded that they are requested to host a minimum of four meetings each year, at least two of which have an educational component. Elections are for members only, and may precede an open meeting (such as a holiday event).
The Chapter Leaders’ Blog was announced. There is a link for Leaders only on the CFA home page. Roll over the “Chapters” button, and click on the drop-down “Leaders’ Blog.” You will be asked to choose a user’s name and password. Content suggestions are welcome, and online discussion is very strongly encouraged.
Secured Lender Roundtable submissions were solicited. Officer photos, names, and employer information are published with the officer’s response to a Chapter-relevant topic in each edition. Suggested questions are welcome. Both Roundtable and Chapter News submissions are due 3/20. Photos are due 3/22.
IRS returns are due 5/15, 2007 unless extended.
Establishment of Chapter post office boxes was encouraged for continuity of mail, especially important insurance correspondence that could be lost due to changing treasurers.
The publication of 2006 officer profiles has been produced as a free standing booklet to recognize all officers. This excerpt of a recent Secured Lender issue was offered to all Chapters in quantity. Chapters are offered copies in quantity for their distribution. Topics for consideration by the Chapter Focus Committee were requested, and are always welcome. The Committee will specifically address any concern suggested by any Chapter officer, at any time. Chapter Presidents now receive copies of minutes of Chapter Focus Committee’s meetings.Next meeting is Wednesday, July 18, 2007 at noon EDT. Please note that meeting times will continue to alternate between noon and 3 pm to accommodate a maximum number of participants.
COMMERCIAL FINANCE ASSOCIATION
Chapter Presidents Meeting
May 16, 2007 Teleconference
3 pm EDT
Meeting Agenda
Roll call and introduction of attendees
- Welcome new president.
- Evidence of insurance is still needed from several Chapters.
- IRS returns were due May 15, 2007 unless extended (with copies to HQ).
- Chapter roster requests for Secured Lender purposes
- Education Foundation request for “blue sky” Chapter requests
- Chapter Leaders’ Blog
- Secured Lender: Chapter Roundtable responses and Chapter News content is due 5/17.
- New annual convention details related to presidents have been articulated.
- Holiday event planning
- Speaker event practices (scheduling of food, drinks, speaker format)
- Chapters with mid-year elections need to request nominations now.
- Topics for referral to Chapter Focus Committee
- Other business
Next meeting:
July 18, 2007, noon (EDT). Please note the variation in scheduled meeting time.
April 9, 2007
2007 Calendar of Reference Dates as of May 10, 2007
2007 Events:
Notes
Secured Lender 2007 Final copy deadlines (submissions should be one week prior):
July/Aug. May 17
Sept/Oct July 17
Nov/Dec Sept. 14
Events
5/9/07 Big Brothers: Accountants and Bankers reception in NY
5/10/07 Thursday: CFA Philadelphia Chapter Golf Outing. Scotland Run, Sicklerville, NJ
May 13 –15, 07: International Bar Association, in Zurich on ‘Financial Institutions and the Insolvency and Restructuring Process’
May 13, Sunday: Mother's Day
May 14, 2007, Monday. TMA Annual Golf Outing at White Columns Country Club, Atlanta, GA
May 14 -16, 2007: 1st Annual Turnaround Management Association Regional ConferenceCentral Texas, Dallas / Fort Worth and Houston Chapters.
May 15-17, 2007: CFA 17th Annual Entrepreneurial Finance & Factoring Conference. W Hotel in Dallas, TX
May 15-18, 2007: The 6th Annual American Bankruptcy Institute/Tulane University Law School Litigation Skills Symposium. New Orleans, LA
May 16, 2007, Wednesday: FDA Annual Dinner, Grosvenor House Hotel, Park Lane, London.
May 22, 2007: Shavuot (Begins at Sundown)
May 22-24, 2007: Joint Meeting of CFA's Executive Committee, CFA's Education Foundation, Governing Board, Advisory Board and Founders Leadership Council, Florida
5/23/07: Shavuot (Begins sundown 5/22)
5/23-25/07: CFA class: Workouts & Bankruptcy Workshop in NYC, NY
May 24, 2007: CFA Atlanta Chapter: May Braves Outing (against the Mets)
May 28, 2007, Monday: Memorial Day
May 29, 2007: CFA New Jersey Annual Chapter Annual Golf & Tennis Outing, Forsgate Country Club, Monroe Township, New Jersey
May 30, 2007: Wednesday: CFA Canada Chapter Annual Golf Social, Angus Glen Golf Club, Markham, Ontario
June 1, 2007, Friday: CFA Midwest Chapter Cubs Outing. Cubby Bear and Wrigley Field, Chicago
June 5, 2007, Tuesday: CFA Cooperation with Accountants Reception: 6-8 pm.
June 6, 2007: California Chapter (CFCC) – General Meeting
June 6-9, 2007: IRA Annual Meeting. Chicago
June 11, 2007: CFA New England Chapter – Annual Golf Tournament and Fundraiser, Granite Links Golf Club, Quincy, MA.
June 11, 2007: CFA Northern California Annual Golf Outing, Harding Park golf course, San Francisco, CA
June 12, 2007: Needlers Foundation reception, New York, NY
June 14, 2007: CFA Ohio Chapter 16th Annual Golf Outing, Aurora Golf & Country Club, Aurora, OH.
June 14, 2007: Southwest Chapter An Evening at the Horse Races at Lone Star Park, Grand Prairie, TX
June 17, Sunday: Father's Day
June 18, 2007: CFA New York Chapter annual golf outing, Rockaway Hunting Club, Lawrence, NY
June 21, 2007: CFA Carolinas Chapter Annual Chapter Meeting, Charlotte Marriott SouthPark to elect chapter officers for 2007 - 2008.
Dinner and speaker, Mr. Theodore J. Kompa, President and CEO of Business Alliance Capital Corp, President of the Commercial Finance Association
July 4, 2007: US Independence Day
July 9, 2007 (not a chapter event) Second Annual Jerry D’Amato Charity Golf Outing and fund raising event. Minisceongo County Club, Ponona, NY
July 12-15, 2007: ABI Northeast Bankruptcy Conference, Newport, RI
July 19, 2007: Midwest Chapter CFA/TMA/ACG Joint Boat Cruise, Navy Pier, Chicago, IL
July 23/24, 2007: Tisha B’Av
July 31, 2007, Tuesday: CFA Midwest Chapter, 18th Annual CFA Golf Outing, Geneva National Golf Course, Lake Geneva, Wisconsin
August 16, 2007: CFA Atlanta Chapter speaker event
September 3, 2007: Labor Day
September 10, 2007: CFA Southwest Chapter Charity Golf Tournament (dinner & awards afterwards), Cowboys Golf Club, Grapevine, TX
September 11, 2007: CFA Baltimore-Washington Chapter, 12th Annual Networking at the Yard (Co-sponsored with TMA), Oriole Park at Camden Yards, Baltimore, MD
September 12: Rosh Hashanah (Begins at Sundown)
9/18-20/07: Bayside Business Solutions 7th Annual Users group meeting in Birmingham AL
9/19/07, Wednesday: Mid South Chapter Annual Golf Outing, Canyon Ridge Club atop Lookout Mountain, Chattanooga, TN
September 21, 2007: Yom Kippur (Begins at Sundown)
September 26, 2007: Sukkot (Begins at Sundown)
September 26, 2007: Proposed NJ Educational event
September 27, 2007: Thursday: Midwest Chapter, White Sox Outing, U.S. Cellular Field, Chicago, IL
October, 2007: unscheduled. Midwest Election Reception
October 1, 2007: CFA Atlanta Chapter Annual Golf Outing, White Columns Country Club, Alpharetta, GA
October 3, 2007: CFA California Chapter (CFCC) – General Meeting
October 08, 2007: Columbus Day (observed)
October 11, 2007: Southwest Chapter Cocktail Party – location announced soon
Oct. 16-19/07: TMA Annual Convention. Marriott Copley Place, Boston
October 31, 2007: Halloween
November 1, 2007: Dia de los Muertos (Day of the Dead), All Saint's Day
November 2, 2007: All Soul's Day
Nov. 7-9, 2007: CFA Annual Convention. Phoenix AZ
November 11, 2007: Veterans Day
November 22, 2007, Thursday: Thanksgiving Day (US)
11/29/07: Mid South Chapter holiday party, Country Music Hall of Fame, Nashville, TN
December 4, 2007: 12/4 first night of Hanukah (Chanukah) (Begins at Sundown)
December 04, 2007: CFA Ohio Chapter Holiday Party and Networking event. Cleveland, OH
December 6, 2007: Southwest Chapter Holiday Casino Party – Westin Park Central, Dallas, TX
December 6, 2007, Thursday: Midwest Chapter Annual Holiday Party, W Chicago City Center, Chicago
December 10, 2007: ACG Holiday Party - Ritz Carlton Tysons Corner, McLean, VA
Dec.12, 2007: California Chapter (CFCC) – Holiday Party
Dec. 12, 2007: Wednesday –NY Chapter Holiday Party at Yale Club
December 25, 2007: Christmas Day
2008-2010
March 16-22, 2008: Mid-Year Meeting, Palm Beach Garden, FL
November 12-14, 2008: Annual Convention, San Francisco, CA
November 4-6, 2009: Annual Convention, Las Vegas, NV
October 20-22, 2010: Annual Convention, Chicago, IL
All fees directly related to speaker's Chapter presentations are eligible for reimbursement up to $10,000 per Chapter in total for each calendar year. Eligible expenses would include transportation, meals, preparation fees, etc. Room set-up charges, sound equipment, marketing and publicity, etc. would be ineligible expenses.
A number of questions related to Chapter insurance were raised in early 2007, and I would like to be helpful in sorting through some of the obscure details. Please note that the information I have garnered relates to the ASAE endorsed coverage provided by the broker AON Association Services, Inc. (a division of Affinity Insurance Services, Inc) based in Washington, DC. Most, but not all, Chapters currently use AON policies underwritten by The Hartford. If you use Aon policies, I encourage you to share my information with your Board of Directors. If you do not use Aon, you may still find some of this information relevant.
According to Wendy Ann Henry at Aon (202-862-5349):
· During 2006, The Hartford reported that they were discontinuing 40% of their policies to not-for-profits in 2007.
· None of the CFA Chapters were non-renewed in 2007, so no Chapters are required to move to another carrier.
· Aon, however, sought another underwriter as an alternative now and for 2008, when non-renewal by The Hartford could occur.
· The fax you may have received presented you with a Great American policy as an alternative to The Hartford, which you need not replace.
· There was a page included with a box titled “Reason for Cancellation” with an “X” next to “coverage replaced.” That is for you to supply ONLY IF YOU WISH TO CHANGE YOUR POLICY.
· Currently most Chapters pay $350 for a General Liability policy underwritten by The Hartford, which includes NO property coverage.
· Great American’s policy is $519 and does provide some property coverage, most notably $10,000 in laptop coverage.
· Both policies provide for “Hired and Non-Owned Automobiles.”
· Both policies provide for “Host Liquor Liability”
· There is no benefit to G/L and D&O coverage being underwritten by the same carrier.
· There is no advantage to purchase of riders for liquor liability when independent legal businesses are contracted to provide beverages.
· Chapters should never directly serve or provide liquor. Always contract with an independent provider.
· You may have received a “Policyholder Notice” with Section “B” marked “Reduction in Coverage” and “See reverse side.” Ms. Henry has provided the disclosure related to that “Reduction.” She has also explained that the reductions do not apply to current G/L policies, because they all pertain to property coverage to which no Chapter subscribes. The “Policyholder Notice” was a computer generated form letter.
· If you have any questions at all, please contact Aon directly, or contact me so that I may do so for you. Please keep me informed of any changes, and especially of any information relevant to the decisions facing other Chapters as they select their insurance packages.
The constantly revised Leadership Handbook is available by email attachment. Please request a Handbook at any time.
jsappell@cfa.com
