History

History

History of the IECA

The International Energy Credit Association, Inc. (IECA) is the oldest international industry credit association in the United States. Its membership includes companies located in the United States, Canada, most Western European countries, Mexico, South America, Asia, and Africa. Most recently, members were recruited in Mexico, South America and Asia. There are approximately 1,400 members representing over 500 large, medium, and small companies.

Historical Highlights: 

  • IECA was formed in 1923 as the Petroleum Refiners Bureau of the National Association of Credit Men (NACM), in Tulsa, Oklahoma. The purpose was to provide a credit reporting service to petroleum refiners on tank car accounts.

  • The focus of the organization changed in 1941 and it became known as the Petroleum Division of the National Association of Credit Men (NACM).

  • In 1946, a new set of by-laws was adopted including a name change to American Petroleum Credit Association.

  • In 1979, the APCA became a Minnesota corporation and its new name became the American Petroleum Credit Association,Inc.

  • In 1992, to reflect the international scope and character of its membership, the name of the association was officially changed to the International Petroleum Credit Association, Inc.

  • In 1994, a second category of membership was added to include those companies that offer credit, financial or legal support services to the petroleum credit industry.

  • In 1998, the name was changed to International Energy Credit Association, Inc. to reflect the changes in the marketplace and include credit professionals in the power/electricity segments of the industry.

  • In 2008, the Contracts and Legal Educational Group (CLEG) formed to address the needs of those professionals within the energy credit industry including addressing issues such as Dodd-Frank. 

  • In 2014, the group celebrated their 90th Annual Conference in Palm Desert, CA. 

  • In 2015, IECA introduced three new education and networking groups to join CLEG: the Credit Analytics Education Group (CAEG), the Developing Energy Professionals Group (DEPG), and the Professional Women in Energy Group (PWEG). 

  • In 2016, IECA introduced student membership.