Study Shows Chamber Members are Reliable

Hey Chamber members, here's a fun and interesting fact you're about to learn about yourself. The American Chamber of Commerce Executives (ACCE) recently announced the publication of a new study which outlines the credit scores and payment behavior of ten local chambers of commerce across the U.S., comparing their member businesses with other regional, state and national business averages.

CorteraTM, a business credit bureau, produced the study on behalf of ACCE. According to the study, chamber of commerce members possess an average credit score of 629, compared to a 557 average score for businesses at large. Those scores play a significant role in attracting lines of credit and securing favorable terms from lenders and suppliers - i.e., they're important! But you already know that.

Mick Fleming, president of the ACCE says:

"Chamber members have long been seen as responsible and reliable members of their community. What this study indicates is that the perception is right. From a credit standpoint, chamber members on average are better businesses, and as a result they have significant advantages in obtaining the funds they need. In this economy and the tight credit environment we are experiencing, that's especially important."

Jim Swift, president of Cortera, says:

"The economic health of the entire supply chain is dependent on the payment behavior of each of its stakeholders. This study suggests that chamber members are among the most dependable participants in this ecosystem."

To read the study, click here.