The Commercial Finance Association (CFA) is an international trade association dedicated to the asset-based lending and factoring industries. Its headquarters is in New York City.
Founded in 1944, the CFA has 300 member companies and 15 chapters. Members include the asset-based lending arms of domestic and foreign commercial banks, small and large independent finance companies, floor plan financing organizations, factoring organizations and financing subsidiaries of major industrial corporations. CFA membership is by organization, not by individual. Membership is comprised of:
24% - Banks
76% - Non-Bank Financial Institutions
CFA members are a professional community of lenders and factors with great insight and experience. Each member brings their expertise to providing excellent stewardship, information, and extensive experience. The members pride themselves on bringing their quality programs, valuable contacts and more to the asset-based financial services industry.
The International Factoring Association's (IFA) goal is to assist the Factoring community by providing information, training, purchasing power and a resource for the Factoring community.
Founded in 1999, the International Factoring Association provides a way for Commercial Factors to get together and discuss a variety of issues and concerns in the industry. By working together, Commercial Factors have an easy way to disseminate information and have a single voice in the marketplace. Association members also have group buying power in negotiating for goods and services.
The Turnaround Management Association (www.turnaround.org) is the only international nonprofit association dedicated to corporate renewal and turnaround management. It celebrates its 20th anniversary in 2008 and the turnaround management, restructuring and distressed investing industry that TMA helped develop and define. TMA’s international headquarters are at 150 S. Wacker Drive in Chicago.
Established in 1988, TMA hasmore than8,300 members in 43 chapters, including 31 in North America, and one each in Australia,the Czech Republic,Finland, France, Germany, India, Japan,the Netherlands,Southern Africa,Spain,Taiwan, and the U.K., with chapters in formation inChinaand Italy.
TMA members are a professional community of turnaround and corporate renewal professionals who share a common interest in strengthening the economy through the restoration of corporate value. They include:
Turnaround practitioners,who consult with or participate in helping troubled companies in the recovery process, including interim corporate managers, operations advisors, and accountants (40%)
All TMA members must sign the association’s Code of Ethics each year, agreeing to abide by high standards of professionalism, integrity, and competence.
