For Immediate Release:
May 2, 2017
Contact: Samantha Lake
Princeton, NJ — Construction Financial Management Association (CFMA), the only non-profit organization dedicated to serving the educational needs of today’s construction financial professionals, announced that it will merge with the Institute of Certified Construction Industry Financial Professionals, Inc. (ICCIFP) effective April 1, 2021.
“The decision to merge did not happen overnight and is the result of many years of planning with many hours of research and conversations among dozens of CFMA and ICCIFP volunteer leaders. After the due diligence was completed, it was clear that the combining of these two organizations would better serve the needs of all construction financial management professionals,” said CFMA President & CEO Stuart Binstock.
In December 2019, CFMA’s Executive Committee and ICCIFP’s Board of Trustees launched a Joint Committee to explore a possible merger between the two organizations. Once that Committee completed the first phase of its work, it developed a preliminary recommendation that a merger be implemented.
On July 17, 2020, the Committee held a town hall webinar to share its findings and rationale with current Certified Construction Industry Financial Professionals (CCIFPs) and the CFMA membership. On Feb. 10, 2021, 98% of CFMA members voted to combine CFMA and ICCIFP into one organization, and on Feb. 11, 2021, the ICCIFP Board of Trustees unanimously voted in favor of this merger. Upon completion of the merger, CFMA will acquire all assets of ICCIFP and establish an unincorporated certification division to perform the functions required for CCIFP certification.
“We are thrilled about the opportunity this merger will create for the Certified Construction Industry Financial Professional designation. With CFMA’s resources, we will be able to achieve a greater reach and continue to strengthen the construction industry through the credentialing of professionals who demonstrate excellence in financial management,” stated ICCIFP Chairman Gretchen Kelly, CCIFP.
Founded in 1981 and headquartered in Princeton, NJ, CFMA is an individual membership organization and the only association dedicated to bringing together construction financial professionals and those partners who serve their unique needs. For 40 years, CFMA continues to provide invaluable resources and education to its more than 8,300 members and 99 chapters across North America. To be essential to the growth and success of construction financial professionals. Visit www.cfma.org for more information.
For more than 17 years, the ICCIFP has committed to developing and maintaining the CCIFP certification as the recognized standard of excellence for competent and ethical construction financial management. The CCIFP Certification is based on the current construction landscape, focusing on the competencies and knowledge construction financial professionals need to lead in today's competitive construction industry. ICCIFP is proud to be ANSI Accredited. Being ANSI accredited means that the CCIFP certification meets the highest standards. This provides an added level of confidence in the certification and the people who hold the CCIFP designation. Visit www.iccifp.org for more information.