MINNEAPOLIS — October 20 — The Marine Retailers Association of the Americas announces the National Marine Lenders Association (NMLA) has joined as a Partner Member.
The NMLA, founded in 1979, specializes in educating current and prospective lenders in marine financing procedures, promotes the extension of credit to consumer and trade borrowers, maintains alliances with industry partners, measures and reports on the vitality of the marine lending market and actively maintains networking and communication benefits for its members.
Marine financing today is widely available throughout the United States due to the efforts of the NMLA. Through its education on the benefits of marine financing, the NMLA has helped improve how the marine industry interacts with lenders and consumers. The NMLA offers both Lender and Associate membership levels and provides tangible benefits to all of its members through the association’s five core values: the annual conference, a yearly continuing education workshop, independent industry reports, public advocacy initiatives and ongoing communication and networking.
“NMLA is excited to join the MRAA as a partner member,” said current NMLA President, John Haymond. “Strategic alliances are extremely valuable within our industry, not only as a means to measure the vitality of the retail and marine lending markets but certainly, to allow each entity to achieve more together then would be possible alone. The NMLA looks forward to continued communication, education and networking opportunities with MRAA and its members.”
Through Partner Membership, marine manufacturers, suppliers and service providers can align their brands with the MRAA programs, including education and training, to effectively reach the dealer body and fuel success within the industry. Support from Partners enables the Association to expand its offerings and create a positive, long-term impact in the business of MRAA members.
“The NMLA plays a significant role in supporting the marine industry as a whole through its marine financing education programs,” said Allison Gruhn, Director of Business development. “We welcome the National Marine Lenders Association to Partner Membership with the MRAA.”
About the Marine Retailers Association of the Americas
At the Marine Retailers Association of the Americas, we believe that for the marine industry to thrive, the retail organizations that interact with the boaters in their community must thrive. With that in mind, MRAA works to create a strong and healthy boating industry by uniting those retailers, providing them with opportunities for improvement and growth, and representing them with a powerful voice. For more information, visit MRAA.com or contact us at 763-315-8043.
About National Marine Lenders Association
The National Marine Lenders Association (NMLA) began operations in 1979 for the purpose of promoting and improving recreational lending in the United States. NMLA membership is comprised of banks, loan origination companies (service companies), finance companies, credit unions, and private financing firms who extend or originate credit to consumers, dealers, retailers and manufacturers of recreational boats and equipment. Membership is also open to businesses associated with other important marine industry segments such as insurance underwriters/agents, admiralty attorneys, surveyors, title and documentation companies, recovery/remarketing agents, industry associations, software firms, valuation publications and media and industry consultants. For additional information, visit www.marinelenders.org, call 410-980-1401, or email: info@marinelenders.org.