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Revised June 2006



The purpose and objectives of the (City)

Chapter of the National Association of Credit

Management’s (NACM) Credit Financial

Development Division (CFDD) shall be to

promote an active interest in the credit and

financial profession, to promote the educational

programs that are vital to the development of

the effective professional, and to be a viable

force within the NACM network.ARTICLE II


Section 1. General.

Membership in this CFDD Chapter shall be composed primarily of full-time

staff personnel engaged in fields related to

credit, collections, and finance. Membership will

be denied to any individual employed by, or

who owns, or serves as consultant to a

collection or credit-reporting agency who was

not already a member as of October 20, 2005.

Section 2. Active Membership


Membership shall be available to those persons

actively engaged in fields related to credit,

collections, or financial work for a company or

entity which holds membership in NACM, or is a

member of the Credit Research Foundation.

Section 3. Interim Membership


membership shall be available to former Active

Members who are no longer actively engaged in

fields related to credit, collections or finance or

to those whose employers are no longer

members of NACM or to those who are no

longer a member of the Credit Research

Foundation. Interim Membership may continue

for a one year period. An Interim Member may

complete an elected or appointed Chapter

position term, but

is ineligible for re-election or re-appointment to

a Chapter position.

Section 4. Honorary Membership


Membership shall be available to a member who

has, in the opinion of the Chapter’s Board of

Directors, rendered distinguished service to this

Chapter or to NACM. Upon the recommendation

of its Board of Directors, a member may be

designated as an Honorary Member. The

recommendation must be approved by a

majority vote of the members of this Chapter

present at a meeting held thirty (30) days after

such recommendation has been received.

Privileges of Honorary Members shall be

determined by this Chapter.

Section 5. Chapter Past Presidents.

Membership shall be made available to any

member who has served as President of a CFDD

Chapter and who is no longer employed by a

NACM member firm, is retired, or is no longer a

member of the Credit Research Foundation.

They shall be entitled to all rights and benefits

of regular Chapter members except they are

ineligible for service on the CFDD National

Board of Directors.

Section 6. Student Membership


Membership shall be available to any full time

(at least 12 hours) college student approved by

the CFDD Chapter Board of Directors. Student

members will be eligible for local Chapter

scholarships as designated by the Chapter

Board and will be eligible for member class

registration rates for CFDD Conferences and will

receive all issues of CFDD National Newsletter.

Student members will not be eligible for CFDD

National Scholarships or for an elected office on

either the CFDD Local or National Board.

Student members are eligible to serve on local

CFDD Chapter committees. An amount equal to

one-half (½) of the prevailing regular

membership dues will be charged annually for

CFDD National dues, pro-rated quarterly; the

amount of dues to be paid to the CFDD Chapter

will be determined by the Chapter Board of




Section 1. Membership Applications

Persons desiring membership in this Chapter

shall file written application with the Chairman

of the Membership Committee. Each such

application shall be referred by the Chairman of

the Membership Committee to this Chapter’s

Board of Directors for approval.

Section 2. Termination of Membership


membership of any member who is found by

this Chapter’s Board Directors to be abusing the

privileges of membership, or who is not

observing the standards and policies of the

National Association of Credit Management,

may be terminated by this Chapter’s Board

upon thirty days prior written notice to such

member, and subsequent to a hearing on the

charges if requested by the member.ARTICLE IV


Section 1. Fiscal Period

The fiscal period of this CFDD Chapter shall be the same as NACM.

Section 2. Membership Dues

The Annual

dues, for the fiscal year, for the Active, Interim,

Honorary, Past President, and Student members

shall be established by this Chapter’s Board of

Directors. This Chapter shall invoice their

membership for annual dues no later than

October 31 of each year. New members

admitted to this Chapter after the year has

commenced shall be invoiced on a pro-rated

basis determined by this Chapter’s Board of


Section 3. Disbandment

If this Chapter

should at any time disband, any unexpended

funds in its Treasury shall be disposed of

(specify how and to whom).



Section 1. Authority and Responsibility.

The business and affairs of this Chapter shall be

managed by its Board of Directors. This

Chapter’s Board of Directors shall have the

power to transact all business between regular

Chapter meetings. It shall be the duty of the

Board of Directors to present an annual budget

to the membership at the first regular meeting

of each fiscal year. Such budget shall be

subject to approval by vote of a majority of the

active members present at such meeting. The

budget shall make suitable provision for

payment of the expenses of this Chapter’s

President/President Elect to attend the Regional

NACM CFDD Conferences in 2006 and beginning

in 2007, the CFDD National conference. If

funds permit, the budget shall provide financial

support for a Chapter representative to attend

the NACM Annual Credit Congress.

Section 2. Composition

This Chapter’s

CFDD Board shall consist of Officers, the

Immediate Past President, and at least two

Active Members elected by this Chapter. Any

member selected to serve on the CFDD National

Board of Directors shall be an ex-officio

member, without the right to vote, of this

Chapter’s Board.

Section 3. Quorum of the Board

At any

meeting of this Chapter’s Board, a majority of

the voting Board members present shall

constitute a quorum for the transaction of the

business. Any such business thus transacted

shall be valid providing it is affirmatively passed

by a majority of those present and voting.

Section 4. Regular Meetings of the Board.

Regular meetings of this Chapter’s Board shall

be held at such time and place as the President

may determine, but there shall be at least four

regular meetings of the Board during each year.

Section 5. Special Meetings


meetings of this Chapter’s Board of Directors

may be called at any time by order of the

President, or by written application to the

Secretary by at least three voting Board


Section 6. Vacancies

Any vacancies, except

that of President, shall be filled by decision of

this Chapter’s Board for the unexpired term. If

the office of President should become vacant,

the Vice President shall automatically become


Section 8. Removal

This Chapter’s Board of

Directors may remove any Officer or Director

for cause including, but not limited to, failing to

fulfill the duties, responsibilities, and obligations

of the office, failing to abide by the code of

conduct or conflict of interest policy of the

Board, or any like policy so adopted, by an

affirmative two-thirds vote of the Board present

at any regular or special meeting.ARTICLE VI


Section 1. Officers

 The officers of this Chapter shall be a President, a Vice President, a

Secretary, and a Treasurer. (Additional officers

are optional.)

Section 2. Term of Office

The term of office

for Officers shall be for one (1) year.

Section 3. Duties of the President


President shall preside at all meetings of this

Chapter. The President shall annually appoint

the Chairmen of this Chapter’s committees and

be an ex-officio member of all committees

during the term of office.

Section 5. Duties of the Vice President


the absence of the President, the Vice President

shall perform the duties of and have the same

authority as the President. The Vice President

may be Chairman of Program Committee, and

shall perform such other duties as the Board of

Directors designates.

Section 6. Duties of the Secretary


Secretary shall give notice of time and place of

all meetings of this Chapter and its

Board of Directors, (or provide said information

to the Chapter Publicity Chairman for

distribution), and shall keep minutes of such

meetings. The Secretary shall keep the records

and correspondence of this Chapter.

Section 7. Duties of the Treasurer


Treasurer shall collect all monies payable to this

Chapter and deposit same, under its name and

Federal Identification Number, in a bank

designated by this Chapter’s Board of Directors.

The Treasurer shall keep the accounts of this

Chapter in accordance with Federal 501(C)6 Tax

Exempt Status, pay all bills certified correct by

the President, and shall prepare and distribute a

financial statement to each member when so

directed by this Chapter’s Board.ARTICLE VII


Section 1. Annual Meeting

The Annual Meeting of this Chapter shall be held (insert

Date) of each year.

Section 2. Regular Meetings

The regular

meetings of this Chapter shall be held no less

than six times each year. The President and

the Board of Directors, for adequate reasons,

shall have the power to change the date and

the time of the meeting. Not less than 80% of

the regular meetings during each year shall be

directly related to the credit, finance or other

business topics.

Section 3. Special Meetings


meetings may be called upon receipt of written

petitions, individually signed, by no less than

twenty five percent (25%) of the total eligible

voting chapter membership and filed with the

Secretary. Within a reasonable time frame, the

date, time and place of a (the) special meeting

will be set by the Board.

Section 4. Special Meeting Petitions.

Individual special meeting petitions stating a

specific and detailed agenda for discussion must

be received by the Secretary within a sixty (60)

day time frame from the receipt of the first

petition. Petitions may be mailed, faxed or sent


Section 5. Meeting Notices

Written notice of

the date, time and place of any meeting of this

Chapter shall be given at least five days in

advance. The notice of the Annual Meeting shall

be given at least ten days in advance.

Section 6. Voting

At any meeting, the vote

of a majority of those eligible and present to

vote shall carry any motion.ARTICLE VIII


Section 1. Standing Committees

The President shall appoint annually, by April 10, a

Chairman for each of the following standing

committees: Membership, Education, Program

and Publicity. The Chairman of each Committee

shall submit a written report, covering the

year’s activities, at the Annual Business

Meeting, and any interim reports as required by

the President.

Section 2. Audit Committee

An Audit

Committee shall be appointed by the President

to audit this Chapter’s accounts for the fiscal

year, and to report at the Annual Meeting.ARTICLE IX


Section 1. Nominating Committee

The President shall appoint a Nominating Committee

at least ninety (90) days prior to the end of this

Chapter’s leadership year.

Section 2. Committee Composition


immediate Past President, in order of

availability, shall be Chairman, and the

President shall appoint to the Committee

a minimum of two (2) Active Members. The

President shall serve as an ex-officio member of

the Committee.

Section 3. Duties of the Nominating Committee

At least sixty (60) day prior to the end of this Chapter’s leadership year, the

Nominating Committee shall nominate and

present to the Chapter a slate of officers and

directors for the ensuing year, consisting of a

President, Vice President, Secretary, Treasurer,

(others optional) and at least two (2) membersat-

large for the Board of Directors. All

candidates must be Active Members of this


Section 4. Election and Installation


will be elected at least thirty (30) days prior to

the end of the leadership year. Installation and

possession of office must take place prior to

close of the leadership year.

Section 5. Annual Report

This Chapter’s

Annual Report, providing details of the

concluding year and announcing the newlyelected

Officers and Committee Chairs, must be

completed and submitted to the CFDD

Executive Director by April 15th.ARTICLE X


Section 1. Rules of Order

The rules contained in the newly revised edition of

Robert’s Rules of Order

shall govern the

conduct of this Chapter’s meetings in all cases

to which they are applicable and in which they

are not inconsistent with the Bylaws, policies,

and any special rules this Chapter may adopt.



This Chapter’s Bylaws may be altered, amended

or repealed by a two-thirds vote of the eligible

members present at a regular meeting of this

Chapter provided the proposed amendment(s)

shall first have been filed with the CFDD

National Board of Directors (filed through the

Executive Director’s office) for verification of

and compliance with the CFDD National Bylaws.

The Secretary of this Chapter shall send a copy

of any such proposals to the members at least

thirty (30) days before the meeting at which

they are to be voted upon.

Copyright 2010 by CFDD of NC