About The New Zealand Credit and Finance InstituteWant to become a member of the Institute? Click hereYou can register online right now, or read on to get more information to assist in your decision. The OrganisationTwo credit management groups started meeting in Auckland in the early 1960s. Creditmen Duns initiated Auckland's Creditmen's Club and Accounts Limited initiated their own credit group. It was this latter group that was the nucleus of the first official organisation. The New Zealand Institute of Credit Management incorporated in 1966. This organisation ceased operating in May 1970. The New Zealand Institute of Management officially adopted Credit Management as a special interest group in October 1972.The New Zealand Credit and Finance Institute incorporated in 1985 initially with regional branches incorporated separately. In October 1995 the regional incorporations were dissolved to enable a continuation of the original National Body. The NZCFI is recognised as the industry's specialist on all matters relating to credit management. Its advice is sought by Government Bodies and Select Committees for input into changes to the law affecting Company and Insolvency Law Reform and other matters that touch on and affect credit issues. The ObjectivesThe objectives for which the NZCFI is established are as follows:
The valuable role of Credit Management in the NZ economy today and tomorrowThe Credit Manager plays an increasingly valuable role in our economy. While a high level of competency in finance is important, this needs to be balanced with a clear understanding of human nature set within a commercial framework. An experienced and professional Credit Manager plays an important role to ensure that risk is identified and controlled in the overall achievement of business goals. It is the goal of the NZCFI to support its members to achieve this by providing training and resource to help contribute to a healthy economy.New Zealand Credit and Finance Institute Incorporated Memberships BenefitsAs an individual or corporate member of the NZCFI you are part of a national organisation dedicated to maintaining quality standards. The values of integrity and professionalism form the basis of the code of ethics.The NZCFI places significant importance on education. It treats training as an ongoing process for all of its members, and is continually updating and developing topical programmes. These are made available through approved providers and customised seminars at a discounted rate to members. NetworkingA major benefit of membership is the ability to network with credit colleagues and exchange ideas.EducationThe NZCFI has a contractual arrangement with Forest Industry Training, a registered industries training organisation, to set the credit unit standards on the National Qualifications framework. The New Zealand Qualifications Authority is responsible for approving the unit standards.There is a National Certificate in Credit Administration at level 3 and a Certificate in Credit Management at level 4. The NZCFI is committed to providing a Diploma in Credit Management and ultimately a Degree in Credit Management. TrainingThe NZCFI has comprehensive education programmes available to its members.You are entitled to take advantage of the regular Seminars and Workshops which provide a valuable forum for learning, networking and the exchange of ideas. Speakers are chosen for their skills and specialised knowledge in matters relating to credit and financial management. Available to members at a discounted rate. ConferencesBiennial conferences featuring authoritative speakers bring together credit management professionals and those in allied fields and associated professions. Available to members at a discounted rate. These conferences provide a forum for learning, and networking to establish contacts within the credit profession, and associated professions such as credit reporting, collection companies, members of the accounting and legal professions and banking and finance throughout New Zealand.CommunicationAs a member you will receive informative newsletters containing up to date information on branch activities, case law established that affects the credit profession and excerpts from papers presented at monthly meetings and seminars. Subscription to the bi-monthly magazine Credit Management in Australia is available at a special membership rate. This quality publication features industry specific educational articles with an international focus. Copies of magazines from other Credit oraganisations around the world are also available to Members on a borrow and return based system. Up to date information on the NZCFI activities can be found on out website at Branch activities.International NetworkThrough the NZCFI membership of The International Credit Management Federation, you will have immediate access to a worldwide network to exchange ideas and information. The World Federation's objective is to lift the professional status of credit management through co-operation, communication and education. It is also working towards the global harmonisation of education standards and qualifications. Member organisations around the world can be found at World credit associationsGraded Membership CategoriesGrading by the NZCFI is now considered a significant factor by employers. Categories and qualifications available to financial individual members:
Applications for membership as a MemberA character reference must accompany applications for grading as a member.Applications for membership as an AffiliateA character reference and a business reference must accompany applications for grading as an AffiliateApplications for membership as an Associate (ANZCFI) and Certified Credit Executive (CCE)A character reference and a business reference/s must accompany applications for grading in these categories.The business reference/s must state in detail the nature and extent of the duties performed by the applicant currently and during a three year period up to the date of the application for grading. Applicants must currently spend, and during the three year period up to the date of the application for grading have spent, a minimum of 60% of their time at work in the area of credit control and/or credit management. The business reference/s must confirm that these requirements are able to be met by the applicant. In order to maintain grading in these categories, the applicant agrees to maintain the minimum of 15 hours per annum of formalised continuing professional development as defined by the Board of the NZCFI, from time to time. Additional requirement for grading as a CCEIf an application is for grading as a CCE, then evidence that the appropriate education qualification is held must accompany the application.The above notes should be read in conjunction with the New Zealand Credit & Finance Institute members handbook. To apply for graded membership click here Grading Application. Please note, you must be a current financial member of the NZCFI before an application for grading can be considered. How to become a member of the New Zealand Credit and Finance Institute IncorporatedInterested in becoming a member? Simply complete the on line application form Just want to receive our communications? To add your name to our email mailing list, click here Notification of Events Membership FeesMembership fees of the Institute are set from time to time by the Board of Directors, and is currently $151.88 (incl. GST) per annum. Discounts may apply for a large number of members from the same organisation. Please contact the executive director at fees@nzcfi.org or by Telephone 0800 4NZCFI (469234) or +64-9-480 1734 or Facsimile +64-9-480 7600. |
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