banner_nfhbc
bannerroundicon_nfhbc

CREDIT GROUP

National Food & HBC Manufacturers

With 125 members this group has a long history of over 50 years providing members with great service. Besides the basic services of reports and daily flashes, this group has 3 general membership meetings that include educational and current topic programs as well as a very informative interchange and great networking. The focus is on the retail and wholesale grocery, drug, warehouse and mass merchandiser markets. The manufacturers in this group are the industry leaders in their category and all top credit professionals.

 

Group Features

Electronic Submission

Members are able to submit their accounts receivable information electronically. Our automated system accepts a fairly standard format.

Set of Monthly Credit Information Reports

Every month a member can submit accounts for clearance. A consolidated pack of trade clearance reports will be prepared and sent to members by email.

Additional Reports

Members recieve an additional 100 free inquiries for trade clearance reports each year with their membership.

Daily Credit Information Flash Report

A very valuable feature of the regular services provided to members is the consolidated daily flash report on the NGMC website of important current credit and financial information submitted by members. Each morning the member receives a report of those "flashed" items that were received from members during the previous 24 hour period.

Emergency Email Communication System

A service whereby members are sent an email message as soon as responsible Group committee members receive word on the impending filling of a petition or some other drastic action by a debtor. Group Claims Committee Action Service - membership provides a vehicle for the advantages of the concentration of claims against debtors in serious financial difficulty where the legal circumstances warrant or where the debtor requests group action.

Networking

With credit managers of similiar interest and responsibilities - so important in establishing cooperation and confidence for mutual benefits.

Trade Relations Committee Reports

The Trade Relations Committee meets with major high profile customers and proactively represents the group in a forum to have informational meetings and develop a report for the membership that recaps the essence of the meeting. All Trade Relations reports are confidential and for the exclusive use of the members credit department.

 

Claims Committee

Coordinates information on bankruptcies, insolvencies and out of court settlements. The committee serves as a proactive advocate of creditor’s rights. This committee over the years has been instrumental through its membership in obtaining some landmark court decisions on major cases as well as helping to develop the concept of Trade Liens as we now know them.

Membership Meetings

Three (3) regular scheduled National Food & HBC Manufacturers Credit Group meetings are held at national locations suitable to the membership, wherein the opportunity is presented for a discussion of mutual accounts and credit management problems of general interest. Members are encouraged to meet, engage in a confidential and highly professional exchange of historical payment experience of their mutual customers with techniques of deeply skilled administration of credit management and collection responsibilities.

NFHBC Monthly Credit Forum

All members are encouraged to attend the Monthly Credit Forum generally held on the third Thursday of each month in Clifton, NJ.  This forum provides an opportunity for members to exchange information in the areas of special accounts, general accounts, method discussion, policies and procedures, enabling more enlightened credit granting from a better informed group.  All meetings will be attended by a representative of NGMC and members are obligated to conform to the Industry Credit Group Understanding utilized by any credit group functioning as a division of National Group Management Corp. (NGMC)

Membership In: 
The National Food HBC Manufacturers Credit Group

Automatically qualifies you for membership in the following long established credit group exclusively sponsored for members of this group at an additional nominal membership fee arrangement:



William H. Koopman Credit Group division of National Group Management Corp.

The group meets (9 Meetings), monthly in Chicago, IL when there is not a general membership meeting. This specialized group provides an exchange of information in the areas of Special Accounts, General Accounts, Method Discussion, Policies and Procedures, enabling more enlightened granting from a better-informed group.



Additional Daily Credit Information Report Service


In the event interim credit reports are required in addition to the regular monthly pack of reports, they can be purchased on-line through NGMC’s database. There is an additional charge for each report and members can purchase a contract with no expiration at a discounted rate.

Group Requirements

All of our groups are unique in operation and focus. Please fill out the form below for specific requirments.
NGMC has been very successful in starting new groups over the years
If you are looking to start a new group please call (856) 559.0760.



Learn More

If you are interested in joining a group and would like further information please fill out the form.

How would you like to be contacted
Request Information on these groups:
Credit Groups
Select a choice
Share Groups