Daily News: November 29, 2017

New York Institute of Credit Celebrates 100 Years, Honors Gross


The New York Institute of Credit is celebrating its 100th year in 2018. Programs and events will be held throughout the year to recognize this milestone.

The celebrations will peak on June 11 with a Centennial Celebration cocktail party at Guastavino’s in New York City and the presentation of the Centennial Award to Harvey Gross, executive director and member for 53 years. NYIC is encouraging current and past members to share memorabilia, photos and stories of the Association’s history on the organization’s website and through social media.

NYIC began in 1918 when the National Association of Credit Managers (NACM) formed a night school in the New York tri-state area to educate the credit industry. Then called the New York Chapter of the National Institute of Credit (NIC), it later became NYIC and grew into the leading education group for the credit industry with wide support from practitioners, attorneys and judges.

In 1957, NYIC was approved as a college and granted an absolute charter as an educational corporation by the Board of Regents of the State of New York. It offered courses that provided college credits for finance professionals at all stages of their career and educated many professionals who went on to become leaders in the industry. In 2015, NYIC converted from a college to a nonprofit education association offering monthly seminars, workshops, conferences and awards events.

Hosting 25 to 30 events each year, NYIC now draws more than 2,500 attendees annually to its programs and has hundreds of members, ranging from the most senior levels to young professionals. Representative members include banks, factors, alternative lenders and financial services firms as well as attorneys, accountants, advisors and other service providers.

“I would not be where I am today without the knowledge gained from NYIC,” Gross said. “Similarly, NYIC would not have been as successful without the active participation of our members and sponsors. NYIC’s value is as a touchstone and constant presence for industry professionals. Even if companies change in the industry, the relationships formed through NYIC are still there for our members.”

Harvey Gross joined NYIC in 1964 as a student, became a faculty member in 1986, joined the board in 1988, served as president, then chair, and became executive director in 2001. Under his leadership, NYIC formed valuable alliances with many other associations such as the American Bankruptcy Institute, Association for Corporate Growth, Association of Insolvency & Restructuring Advisors, Commercial Finance Association, International Factoring Association, International Women’s Insolvency & Restructuring Confederation, Turnaround Management Association and countless other organizations to offer joint events and educational programs.