29 Jan 2024
by Sue Chapple FCICM, Tom Sharman

85 Years of Advancing the Credit Profession: What does the future hold for CICM?

The Chartered Institute of Credit Management (CICM) enters its 85th Anniversary.

Since the beginning, just before the breakout of the Second World War, through to the pandemic and riding the turbulent tides of the modern economy; the Chartered Institute of Credit Management (CICM) has remained a pillar of solidarity and knowledge for the Credit Management and Collections profession.  

As we raise a glass to 85 years of unwavering dedication, we not only celebrate the rich history of the CICM but also look forward to the future. 

Established in 1939 

Since 1939, the CICM has been a driving force shaping the landscape of credit management. We are a professional body who are committed to setting the gold standard through exceptional membership, training, and qualifications which have empowered thousands of professionals to excel. 

Credit Management is a profession that many say they have “fallen into”, yet the CICM has continued to champion and represent the professionals that ‘fall’ into it and those who choose this fabulous career as it has become a clearer option over the years, supporting all to be the best.  

Continuing to adapt 

Just like Credit Professionals, it has been important for the CICM to continually evolve. From the introduction of pioneering qualifications like the Diploma in Credit Management to embracing digital learning platforms, the Institute has consistently adapted and thrived, ensuring its members remain at the forefront of industry best practices. 

Celebrating the Credit Community 

What members can find in the institute is a network of like-minded professionals, a platform for knowledge sharing and peer support, and a source of unwavering guidance in the face of professional challenges. This spirit of camaraderie and collaboration is what truly sets the CICM apart, fostering a sense of belonging and purpose that unites credit professionals under a single banner of excellence. 

So, what does the future hold? 

As we embark on the next chapter, the CICM will continue to tackle the challenges and opportunities of the future head-on.  

The rise of artificial intelligence, the evolving regulatory landscape, and the ever-growing importance of ethical debt collection practices are just some of the areas where the Institute's expertise and leadership will be crucial.  

One thing is absolute, regardless of what the future brings, the Chartered Institute of Credit Management will continue to raise awareness of Credit and Collections, promote best practice and support our members, clients, partners and the wider industry 

So, let’s tackle 2024 with the same bravery, curiosity, and resilience that we have for the last 85 years.  

Here’s to you. 

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