2016-11-15 13:41:20
2017 ELFA Leadership
FOLLOWING THE 2016 ELECTION, ELFA Officers and Directors for 2017 are as follows:
OFFICERS
Anthony Cracchiolo, U.S. Bank Equipment Finance (Chairman)
William Stephenson, DLL (Immediate Past-Chairman)
David Schaefer, Mintaka Financial (Chairman-Elect)*
Jud Snyder, BMO Harris Equipment Finance (Vice Chairman) Martha Ahlers, United Leasing (Vice Chairman)
Larry Smilie, Banc of America Leasing (Vice Chairman)*
Robert Boyer, Susquehanna Commercial Finance (Treasurer)
Ralph A. Petta, ELFA (President/CEO)
Paul Stilp, ELFA (Secretary)
Tony Cracchiolo, 2017 ELFA Chairman
DIRECTORS
Andrew Bender, GSG Financial
Michael Campbell, International Decision Systems
Aylin Cankardes, Rockwell Financial Group
James Cress, Stryker Flex Financial*
Michael DiCecco, Huntington Equipment Finance
John Evans, Bank of the West
Lori Frasier, Key Equipment Finance
David Gilmore, John Deere Financial
Brian Holland, Fleet Advantage
Marjorie Krumholz, Thompson Coburn LLP*
Sanjay Kumar, Cisco Systems Capital Corporation
Matthew LeSage, Wells Fargo Equipment Finance*
Gary LoMonaco, Forsythe/McArthur Associates
Brian Madison, Trinity Industries Leasing*
David Mirsky, Pacific Rim Capital, Inc.
Robert Neagle, Ascentium Capital*
William Phelan, PayNet
Upload the ELFA Member logo to your company website and show your support of the industry and the association. The logo can be found on the ELFA website at www.elfaonline.org/about/elfa-logos.
Sudhir P. Amembal Enters Equipment Finance Hall of Fame
ELFA HAS NAMED SUDHIR P. AMEMBAL, Chairman and CEO of Amembal & Halladay, to the 2016 Class of the Equipment Finance Hall of Fame. ELFA President and CEO Ralph Petta made the announcement at the 55th ELFA Annual Convention in Palm Desert, Calif. The official induction ceremony took place at the Chairman’s Dinner preceding the ELFA Annual Convention.
“We congratulate Sudhir for being inducted to the 2016 Class of the Equipment Finance Hall of Fame,” said Petta. “As a renowned industry educator, author and consultant, he has contributed immensely to the understanding and growth of the equipment finance industry in the United States and around the world.”
Amembal began his professional career in lease education, consultancy and publications in 1978 by co-founding Amembal & Halladay, which has trained over 80,000 leasing professionals throughout the world. He has conducted technical presentations on leasing in more than 85 countries, and authored or co-authored 16 books on leasing. To learn more, visit www.elfaonline.org/hof/.
2017 Dues Renewal Season Is Here!
IT’S THAT TIME OF YEAR AGAIN and the dues renewal campaign has begun. Renewal invoices for the 2017 membership year were mailed to the key contacts of all ELFA member companies on Nov. 1, 2016. Timely payment of 2017 membership dues will ensure uninterrupted access to indispensable benefits, such as federal and state advocacy updates, targeted industry research, discounted fees for ELFA events and much more. Please contact the ELFA Membership Department at membership@elfaonline.org if you have any questions. We thank you for your continued support!
Key Dates to Remember….
NOV. 1, 2016 – 2017 dues invoices mailed to key contacts
DEC. 31, 2016 – Deadline to pay 2017 dues
Save the Date: 2017 ELFA Events
ARE YOU WONDERING when ELFA events and training will be held in 2017? Start planning for next year now with the 2017 Events Calendar. Take advantage of the learning and networking opportunities available to you and your staff as part of your ELFA membership. View the 2017 schedule on p. 27.
A delegation from PING-AN, an international financial leasing company based in China, visited ELFA headquarters in October to learn about the association and the equipment finance industry in the United States. ELFA’s Julie Benson and Bill Choi met with the group.
ELFA Launches E-Chattel Paper Initiative
ELFA HAS LAUNCHED AN INITIATIVE to educate association members about the business benefits of adopting electronic documents known as “e-chattel paper.” The initiative will encourage members to use e-chattel paper and adopt digital best practices in lieu of relying solely on the paper-based lending processes that are prevalent in the equipment finance industry today.
Over the next 18 months, the association will collaborate with eOriginal, a provider of electronic document management services, and others, to promote widespread adoption of e-chattel paper in equipment leasing and finance transactions.
“I’m pleased that our association sees the adoption of electronic documents and electronic chattel paper as an important advancement in transacting business,” said ELFA Chairman-Elect Dave Schaefer, CEO of Mintaka Financial, LLC, and Chair of the ELFA Board’s Working Group on Electronic Documents. “It’s time for our industry to utilize these tools to increase lessee satisfaction, document transactions faster and improve the movement of chattel paper.”
“In our increasingly digital world, the time is ripe for equipment finance companies to consider converting to electronic chattel paper,” said Ralph Petta, ELFA President & CEO. “While some member companies have already done so, others have questions about the adoption process. We are pleased to launch this important effort to educate our membership and their business partners about why and how to go digital with e-chattel paper.”
Learn more at www.elfaonline.org/industry-topics/electronic-documents and register for a free eOriginal and ELFA Webinar to be held Dec. 14 at http://info.eoriginal.com/WEDECEL16-ELFAREG.html.
50% member discount on ELFA’s Fundamentals of Equipment Leasing and Finance
LEARNING HAS NEVER BEEN EASIER OR MORE AFFORDABLE!
Sign up now for Fundamentals of Equipment Leasing and Finance and receive HALF OFF your registration fees.
Go to www.elfaonline.org/Events/eLearning/.
To receive the discount on the Fundamentals course, enter the discount code: ELFAFUNCOURSE. You must be an ELFA member to receive the 50% discount. For questions, contact Alexa Carnibella, acarnibella@elfaonline.org or 202/238-3416.
Industry Promotion
Kirk Phillips, President & Chief Executive Officer of Wintrust Commercial Finance, presented the Guest Lecture Program at Stephen F. Austin State University in Nacogdoches, Texas, in October. The GLP is designed to help increase awareness of equipment leasing and finance and attract new talent to the industry. Phillips gave the presentation to two upper-level finance classes and reported that he had good interaction and questions from the students. “I loved doing this,” said Phillips. “It’s hard to believe it has been 30 years since I graduated from this institution of higher learning!” Learn more and find out how you can get involved with the GLP at www.leasefoundation.org/academics/GLP/.
Join the Ops & Tech LinkedIn Group
AT THE ELFA Operations & Technology Conference in September, many participants expressed a desire to stay connected and to continue the conversation on important operations and technology topics in the equipment finance industry. As a result, ELFA and the Operations and Technology Committee created a new LinkedIn group to allow this community of professionals to interact, share ideas and news on meaningful ops & tech topics and stay connected between ELFA events. If you are an equipment finance “techie,” this is your group! Join the ELFA Operations & Technology Professionals LinkedIn group today at www.linkedin.com/groups/12012743.
2016 Principles Workshops a Success!
THE FINAL Principles of Leasing and Finance Workshop for 2016 was held Sept. 12–14 in Los Angeles. Over 70 attendees from 40 member companies learned the benefits of leasing; an overview of lease accounting; legal, tax and accounting rules and regulations; and fraud detection and prevention. ELFA wishes to thank instructors Andy Mesches and Bob Golden for their outstanding work. Many thanks also to Fifth Third Bank in Chicago, Dilworth Paxson in Philadelphia and Frandzel Robins Bloom & Csato in Los Angeles for hosting the workshops. Three workshops are planned for 2017 in Chicago, Philadelphia and Denver. Questions? Contact Alexa Carnibella at acarnibella@elfaonline.org.
Can’t make a public workshop? Hosting a workshop at your own facility gives you the flexibility and convenience to address specific learning needs of your employees, establish collective knowledge and a shared skill-set, and achieve even your most challenging business goals. If you’re interested in in-house training for your company, contact Alexa Carnibella at (202) 238-3416 or acarnibella@elfaonline.org.
Access 2016 Conference Recordings and Handouts via the Conference Resource Center
ELFA CONFERENCES are full of critical and relevant information presented by some of the most knowledgeable people in the industry. If you weren’t able to attend, the ELFA Conference Resource Center (CRC) lets you become a virtual attendee—providing access to session handouts and session recordings for many of these events, including Equipment Management, Legal Forum, Credit and Collections, Operations and Technology, Lease and Finance Accountants and the 55th Annual Convention. To browse the available meetings and purchase access, go to: http://elfa.sclivelearningcenter.com. For questions, contact Alexa Carnibella at acarnibella@elfaonline.org or 202.238.3416.
Spotlight on Industry Pay
COMPENSATION in the equipment finance industry increased modestly in 2015, according to the 2016 Equipment Leasing and Finance Compensation Survey from ELFA and McLagan. The survey provides data for 90 executive, front-office and support positions, including a breakdown of salary, incentives, long-term awards and total compensation by company type. Learn more at www.elfaonline.org/data/market-trends.
Get Noticed
ONCE AGAIN ELFA is providing member companies with a variety of opportunities to showcase your products and services. To learn about the exhibit, sponsorship and advertising opportunities for 2017 that might fit your needs, please contact Steve Wafalosky at 440.247.1060 or stevew@larichadv.com. Also, check out the 2017 Integrated Marketing Guide at www.elfaonline.org/about/advertise.
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ELFA News
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