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Central Indiana Chapter of RMA
The Risk Management Association
 
RMA is an international association of leaders in lending and
risk management. Our purpose is to help highly successful
professionals make better loans and credit decisions by sharing the latest
techniques among top-level bankers and experts in the field. RMA hosts
over 1,000 Roundtables, Conferences and training sessions each year.
The RMA Journal is one of the most
highly regarded publications of its kind and our
Annual Statement Studies
is a resource used by lenders, accountants, business owners and financial
professionals.
As one of over 113 active RMA Chapters, the
Central Indiana Chapter of RMA plays an active role in fulfilling
the mission of RMA. Through area educational and networking events we
enrich financial services professionals and our region’s banking community.
It is an important undertaking which is led and implemented by loyal
volunteers from area institutions - bringing RMA to you in your own
backyard.
RMA was founded in 1914 to help
commercial bankers make better lending decisions through the exchange of
credit information. Today, it is the only professional organization to
specialize in promoting effective and prudent risk management practices for
institutions of all sizes across the financial services industry. In
fact, the American Banker describes RMA as the “trade group
responsible for guarding credit quality and promoting risk management.”
Early in the last century, lenders recognized the need for an exchange of
credit information. In 1913, a group of bankers informally exchanging
credit information in the lobby of the Hotel Utah in Salt Lake City decided
to found an association for that express purpose. The first meeting of
what was then called the Robert Morris Club took place on June 25 and was
attended by 82 lenders.
Who was Robert Morris? The Association was originally named
after Robert Morris, a signer of the Declaration of Independence and the
primary financier of the Revolutionary War. After the war, Morris
became an active acquirer of real estate, establishing a syndicate that
covered the entire East Coast. The syndication soon began to falter
and he eventually landed in debtors prison for failing to pay his debts.
George Washington visited Morris in prison an soon persuaded the U.S.
Congress to enact the first bankruptcy statute so that a founding father of
the country would not languish in jail.
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In June, 2000, RMA’s
board of directors voted unanimously to change the name of the
Association from Robert Morris Associates to
RMA -The Risk Management Association to more closely tie the
name to its primary mission. |
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