History
In 1931 some credit men met and discussed the Credit problem of
their companies. They envisioned a need to form an organization.
April 19, 1932 they formally formed the association as a non-stock
non-profit institution under the name of “Association of Credit
Men, Inc.”
In 1967 the Association formally changed its name to Credit
Management Association of the Philippines (CMAP) Inc.
At present CMAP has over 350 member companies from the
banking, financing, services, trading, manufacturing, and
insurance sectors of the Philippine business.
Also, affiliated with CMAP are regional credit associations from
Visayas and Mindanao.
Vision
Foster a strong and sturdy professional
association
Contribute to the financial stability of its
member and national economic growth
and progress
Nurture credit consciousness,
responsibility and discipline among
credit grantors and credit users
Mission
To make CMAP the premier credit management institution
To instill, develop and nurture credit consciousness,
responsibility and discipline
To promote active and voluntary interchange, mutual and
reciprocal use, of quality credit information
To establish maintain and perpetuate mutual confidence,
closer cooperation, fellowship and camaraderie among
creditmen
To promote continuing credit education
To ensure wise and healthy use of credit
Objectives
•
To promote active and voluntary
interchange of credit information amongst
members
•
To develop and nurture credit
consciousness among credit practitioners.
•
To instill discipline among credit users and
credit grantors.
•
To contribute to the country's economic
development thru effective credit
management.
Membership
Regular members are members who may be
business organizations or individuals.
Currently, membership is organized on a per
industry group such as:
1. Banking
2. Trading
3. Financing/Lending Investors
4. Manufacturing
5. Services
6. Real Estate
7. Insurance
8. Telecommunications
- 23%
- 20%
- 19%
- 17%
- 10%
- 5%
- 4%
- 2%
Qualifications for
Regular Corporate member
1. Registered
with the Securities and Exchange
Commission
2. Operating for at least two (2) years
3. Has a credit and/or collection unit within their
organization
4. Good business and credit reputation
5. Sound financial condition
Qualifications for
Individual member
1. Has competence and experience in the
field of credit and collection
management
2. Good business and credit reputation
CURRENT CMAP
BOARD OF DIRECTORS
BENNY T. PASAPORTE
President
Bank of the Philippine Islands
NEIL B. BINALLA
Treasurer
John Clements Consultants, Inc.
RODOLFO M. CARLOS JR.
Vice President
BDO Leasing & Finance, Inc.
MELINDA C. CLARIN
Secreatary
Stores Specialists, Inc.
MARIZ S. VELICARIA
Asst. Secretary
Philippine Savings Bank
MARIE CIELO T. VERAN
Asst. Treasurer
Development Bank of the Phils.
ANN JANET A. ANZURES
Director
China Banking Corp.
ERDULFO S. SION
Director
Business Assistance Credit Corp.
EDMUND D. LAURICIO
Director
K Servico Trade Inc.
MARGOT SANTOS
Director
Hongkong & Shanghai Banking Corp.
JOHN HENRY T. REYES
Director
Digitel Mobile Philippines Inc.
OSCAR G. GUMABAY
Ex-Officio
Rizal Commercial Banking Corp.
CMAP STANDING COMMITTEES

Credit Education and Research Committee
is responsible for
providing continuing education and training to members and other credit
and collection practitioners through seminars and workshops on various
aspects of credit and collection management and other related fields.

Credit Information Services Committee is responsible for providing
members with credit information services necessary to facilitate credit
evaluation and decision making.

Industry Group Committee
is responsible for fostering closer
cooperation among members by grouping them according to industry or
line of business through industry group meeting where members
exchange credit and collection experiences and ideas, discuss and
resolve problems peculiar to their respective industry and facilitate
exchange of credit and collection information on common customers or
accounts.

Membership Committee is responsible for recruiting and sustaining
membership, processing and evaluating membership applications and
establishing and maintaining linkages with other credit associations.
o
Credit Congress Committee is responsible for the holding of the
Credit Congress which is the culminating activity of the Association
for fiscal year and its participation in the yearly celebration of the
"National Credit Consciousness Week".

Programs and Sports & Fellowship Committee is responsible for
the holding of regular memberschip meetings of the Association and
promoting physical fitness, fostering camaraderie and fellowship
among members through sports activities.

Legal and Ethics Committee is responsible for handling all legal
matters and issues involving CMAP.

Social Involvement Committee responsible for the outreach
Program of the Association.

Finance Committee is responsible in the preparation of Annual
Budget and overseeing the financial condition of CMAP.
Services
1. Listing of Court Cases is a compilation of court cases filed
in the different courts of Metro Manila, Batangas, Cavite,
Laguna, Cebu, Davao and almost all key cities in the
Philippines on the following categories:
a. Batas Pambansa # 22
b. Estafa
c. Foreclosure
d. Illegal Recruitment
e. Ejectment
f. Falsification of Public Document
g. Replevin
h. Sum of Money
i. Unlawful Detainer
j. Swindling
k. Attachment
L. Other Deceits
2. Listing of Returned Checks is a compilation of clients
who issued check(s) which was/we dishonored by
the drawee bank submitted by CMAP's members.
3. Listing of Accounts Endorsed to Lawyers is a
compilation of accounts endorsed to legal
submitted by the members of CMAP.
4. Listing of Past Due Accounts from
telecommunication companies.
5. Listing of Past Due Accounts from manufacturing
companies.
Activities
General membership meetings
Held Quarterly with invited Guest Speaker to talk on topic of current national importance and
common interest to the general membership.
Committee meetings
Held when necessary for the preparation of projects and activities to be undertaken by the
committee.
Seminars/Workshop
Conducts the following staple seminars/workshop

Property Appraisal Credit Investigation

Financial Analysis

Credit Analysis, Evaluation & Scoring

Forgery Detection & Fraud Prevention

Dynamics of Credit Transaction Documentation

Small Money Claims/Symposium on Income Tax Update

Collection Strategies & Technique

Skip Tracing, Property Search & Land Title Verification

Legal Aspect of Credit & Collection

Collection in Crisis Seminar

Account Management Seminar
Sports and fellowship activities
Sponsors the following sports & fellowship activities:

Bowling Tournament

Badminton Tournament

Christmas Bingo Social

Fun Run
National Credit Congress
This is the culminating activity and the association’s
participation in the yearly celebration of “National Credit
Consciousness Week” held every April 24-30.
Membership Fee:
Annual Fee of Php7,000.00 *
One-time entrance fee of Php2,000.00
* Annual membership fee entitles member to:
- 10 account inquiries per month and in
excess, a Php10.00 per account will be
charge
CMAP SECRETARIAT
Juanito R. Banzuelo
Manager
Judy M. Tagle
Virginia G. Magpulong
Accountant
Clerk
Maria Ellen A. Anacito
Vernon C. Arguelles
Collection Assistant
Laiason Officer
Eduardo G. Baston
Messenger/Collector
GUIDELINES ON THE TREATMENT OF CMAP
NEGATIVE DATA
1. The Court Case, Returned Checks, Account a Referred to Lawyers and the
Negative Data from the Telecom Companies merely provide lead
information; they are not to be interpreted as a “BLACK LISTING” of
accounts.
2. The information is given with “STRICT CONFIDENCE” and without any
responsibility on the part of CMAP. The extension of credit or any decision is
determined in accordance with your own evaluation and judgment.
3. The Court Case Data Files is a SERVICE provided by the Association to the
members and gathered with good faith without liability for possible errors
with procuring, collecting and communicating the information gathered.
4. The law prohibits DISCLOSURE of any information related to loan
application.
5. Correction, amendments and updates of the files are disseminated to you.
Please give them appropriate attention and update accordingly.
GUIDELINES ON THE DISCLOSURE OF
INFORMATION
The identity of the source of information deserves the same
confidence as the information itself and should not be revealed to
anyone including the subject inquiry. Violations of the principle of
confidentiality will be ground for the following appropriate actions:
1.
Warning Memo – first offense
2. Monetary Penalty of Php5,000 per disclosure – second offense
3. Revocation of right to inquire from the data base – third offense
4. Disaffiliation from the Association – fourth offense
GUIDELINES ON UPDATING AND
DELETION OF DATA
Should the complainant be able to present verifiable
evidence
that
his/her
court
case
has
been
dismissed/settled/withdrawn and the CMAP Secretariat has
verified it with the court, the following guidelines must be
observed:
1. De-list name from central database.
2. Route via email or hand carried the list of the deleted name and
members must do the same accordingly, and
3. CMAP has no responsibility if member fails to update their own
data base.
REMINDERS

CMAP Negative Data Files merely provide lead information and not
a “blacklisting of accounts.

It is gathered in good faith and provided by the Association as a
service to its members. Accuracy of this listing is not guaranteed so
members are requested to conduct actual verification on the status,
history nature of the case and the identity of the applicants
especially if it is a common name.

It does not constitute a recommendation or opinion in any manner
by the association. The extension of credit or any decision is
determined by the individual member in accordance with their own
evaluation and judgment.

The information is given in strict confidence. The law prohibit
disclosure of any information relative to loan application. The
identity of the source of information deserves the same confidence
as the information itself.
SUGGESTION FOR
DISAPPROVAL
“SORRY BUT YOU /YOUR COMPANY
DID NOT PASS OUR CREDIT
STANDARDS”
And for other industries, you may add
“MAY WE SUGGEST YOU TRY
DEALING IN CASH FOR THE
MEANTIME”
Room 401 Cattleya Condominium
#235 Salcedo Street, Legaspi Village,
Makati City
P.O. Box 2693 MCPO, Makati
Tel. Nos.: (632) 818-2372 / 817-8386
Fax Nos.: (632) 812-9880 / 892-9102
E-mail Address: cmaphil@pldtdsl.net
Website: www.cmaphil.com