Businesses risk billions of dollars each year on sales on credit rather than for cash. Credit professionals must be able to gauge the difference between fact and fraud, between hope and charity, and between faith and foolishness. One of the best sources available to alert the credit professional in helping to form a sound judgment in this delicate and difficult area is an industry credit group.

Credit groups are a critical management tool: they permit credit professionals of different companies servicing the same customer, regardless of industry or trade, to compare information on collection history and provide a forum for the exchange of data as to the most recent payment practices. The purpose of exchanging information is to help group members segregate fiction from fact, so individually competent and realistic credit decisions about a customer can be made.

Managed and operated by NACM MidAmerica, the primary purpose of an industry credit group is to open up communication lines for the exchange of credit information. Through participation in an industry credit group, credit executives receive invaluable factual credit information upon which to base independent decisions with respect to the extension of credit. This results in a reduction of outstanding delinquent receivables and write-offs. Not only do members obtain critical input, but the networking opportunities are of immeasurable benefit.

Credit groups provide members in the same field of business an opportunity to participate regularly in informative roundtable discussions of accounts, as well as share concerns about credit management procedures and techniques. Credit groups operate in virtually every industry, from advertising to construction, food supply to industrial supply, agriculture to steel, etc. More than 1,500 industry credit groups are sponsored and operated by NACM Affiliates nationwide; association staff acts as meeting monitors and are trained to ensure the discussion stays within antitrust guidelines.


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OKC Food & Beverage Allied Products Credit Group

This group covers wholesalers and distributors of food products, meat, poultry, seafood, restaurant equipment, beverages, linen supply and other products used in and around the food service industry such as restaurants, hotels, institutions, catering, grocery and convenience stores.

Meetings are held at 11:30am on the 2nd Wednesday of each month, at Saltgrass Steak House in South Oklahoma City.

OKC Construction & Industrial Credit Group

This group covers construction lenders and suppliers of building materials; concrete, lumber, doors, windows, title and abstract companies, roofing, drywall, insulation materials, floor covering, painting, distributors and wholesalers of heavy equipment, industrial products and supplies, pipe, steel, metal and machine parts for freight haulers, truckers and trucking companies, excavating, road construction contractors and others who supply builders and contractors in construction related business.

Meetings are held at 11:30am on the 3rd Tuesday of each month in Oklahoma City.

OKC Plumbing, HVAC & Electrical Credit Group

This group covers distributors and wholesalers of plumbing, heating, venting, air conditioning, refrigeration and electrical supplies selling to plumbing contractors, mechanical contractors, electrical contractors and sub-contractors.

Meetings are held at 11:30am on the 4th Wednesday of each month in Oklahoma City.

Tulsa Construction & Industrial Credit Group

This group covers construction lenders and suppliers of building materials; concrete, lumber, doors, windows, title and abstract companies, banks, roofing, drywall, insulation materials, floor covering, painting supplies, and other who supply builders and contractors. This group also covers distributors and wholesalers of heavy equipment, industrial products and supplies, industrial gas, pipe, steel, metal and machine parts for freight haulers, truckers and trucking companies, excavating, oilfield service and supplies, road construction contractors and other construction related business.

Meetings are held at 11:30am on the 2nd Tuesday of each month, at the Egg it on Cafe in Broken Arrow, OK.

Tri Cities Construction Credit Group (Arkansas)

This group covers construction lenders and suppliers of building materials; concrete, lumber, doors, windows, title and abstract companies, roofing, drywall, insulation materials, floor covering, painting and others who supply builders and contractors.

Meetings are held at 11:30am on the 3rd Thursday of each month, at the Egg and I restaurant in Rogers, AR.