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May 01 2012

CreditWise Published by NACM Business Credit Services and The Intermountain Credit Education League (ICEL )
E-News May 2012

In This Issue
- The U.S. and Utah Economy
- ICEL May Meeting
- Stockholders Meeting & Spring Banquet Highlights
- Acquisition Survival
- Spring Cleaning
- Thanks
- Foreign Credit Info
- ICEL Spotlight: Wayne Olsen, Geneva Rock Products

Looking Ahead

May 2 - "Credit Boot Camp" Basic Training in Credit & Collections - More Info

May 10 - ICEL "The Human Factor - Success in Credit and Business" by Maurice Matsumori and David Taylor, OHRN Consulting More Info

May 28 - Paperwork Deadline for July 30 2012 NACM Professional Designation Exam More Infor

Jun 10-13 NACM National Credit Congress in Dallas Texas More info

Jun 14 - ICEL "Bankruptcy Update" Sherilyn Olson, Attorney at Law

Jun 19 - Ogden Prinicples of Business Credit Class Begins More Info

A/R Credits Just Hanging Around? 
Free Unclaimed Property Webinar

Why should I submit potential members to NACM?"

Help gain information on your customers. As a member, their information could help build the database on your customers. It's not just a one-way street. more Info



ICEL Meeting Recap
The U.S. and Utah Economy

by Melissa Mickelsen, CBA, Geneva Rock Products, Inc.

Dr. Aric Krause with Westminster College joined ICEL in April to present his annual economic update. He started by noting that the economy is not as bad as it could be, but we are still looking at several serious challenges. He summarized by stating that "things are murky."

On the positive side, Aric pointed out that several industries are rebounding nationwide, including professional and business services which encompass credit. Also, the national bankruptcy rate started to decline in 2011 and household debt ... View full article.     View the PowerPoint.

ICEL Meeting May 10, 2012 "The Human Factor of Credit and Business Success"
Speakers: Maurice Matsumori and David Taylor, Principals of OHRN Consulting

Often times people separate the human factor from the bottom line and overall strategic thinking. We as individuals need each other to realize our potential as business leaders and individuals. These needs will be examined to encourage a holistic approach to strategy development and execution to ensure the success of the credit department and business overall.  More information and registration.

Stockholders Meeting and Spring Banquet

Held April 20, 2012

The Annual Stockholders Meeting and Spring Banquet were held at the Hilton Salt Lake City Hotel.

2012-2013 Chairman of the Board is Kelley Kunz, CCE, Martin Door Manufacturing with DeAnna Leahy, CCE, Sunroc Corporation as Vice Chair and Duane Lee, CCE, SOS Staffing Services as Treasurer. Newly elected board members are ReBecca Poulsen, CCE, Henriksen-Butler Design, D'Ann Johnson, CBF, Roofers Supply and Tammi Russell, KSL Broadcast. 2012 Credit Executive of the Year was ... click here to find out who and to view photo highlights. 

Acquisition Survival

by Doug Darrington, CCE, Kilgore Companies

Nothing can put fear in the heart of an employee like the phrase, "We have been sold." It has happened to me, and I am sure if it has not happened to you, it probably will sometime in your professional career. I have been on both ends of the situation; that of acquiring new companies as well as being acquired. I thought I would ... view full article

Spring Cleaning

by ReBecca Poulsen, CCE, Henriksen-Butler Design

Have you ever had your boss come and ask for a copy of a report which you know you just saw on your desk (or was it last week) but now you can't seem to find it? Or a client returns your collection call, but you can't find the past due invoice or supporting documents? Do your papers have coffee rings, lunch time smears and ... view full article

ICEL Chairleader Message
By Carolyn Thompson, Meadow Gold Dairies

Thanks to the ICEL Committee Chairs for the fantastic work they have done this last year:Programs Chair, Tammi Russell, CCE, KSL Broadcast; Education Chair, DeAnna Leahy, CCE, Sunroc Products; Publications Chair, Melissa Mickelson, CBA, Geneva Rock Products; Membership Chair, Janae Jeffs, CCE, Muir Enterprises; Vice Chair, Shanna Sorge, CCE, Easton Technical Products; and Counselor, Kelley Kunz, CCE, Martin Door Manufacturing.

We have had a great year for ICEL and it is due to ... View full article

Foreign Credit Info

by Shanna Sorge, CCE, Easton Technical Products

Credit information about international applicants and customers can be difficult to get- at any price. U.S. credit managers will quickly learn that it is far more difficult to gather international credit information, or the same quality of information that is available about a customer or applicant in the United States.

Creditors may find that obtaining financial information from foreign customers is even more challenging. One of the best sources of information about doing business internationally ... view full article.

ICEL Spotlight
Wayne Olsen

I have a refrigerator magnet that reads "Life is Weird." That phrase fairly well sums up my life and who I am.

I was born in Bountiful, Utah to a typical Utah family of seven kids. I was the middle brother of five boys and we had two older sisters who always kept us in line. While growing up in the foothills of Bountiful, I acquired a great passion for the outdoors. From the age of ten, until I bought my first motorcycle, I hiked the entire mountain range from Ensign Peak to Francis Peak in Farmington. I think my outdoors man gene came from my grandmother who was born and raised on Antelope Island. It was her father and my great grandfather, James Walker, who relocated and tended the bison on the island.

After attending a tumultuous three years at Bountiful High, I sought fame.... view full article