Article One - Organization
The Name of this organization shall be New England Adjustment Managers’ Association, Inc. The organization may at its pleasure by a vote of membership body change its name. The organization may also be known as NEAMA.

• The Name of this organization shall be New England Adjustment Managers’ Association, Inc. The organization may at its pleasure by a vote of membership body change its name. The organization may also be known as NEAMA.

Article Two - Purposes
(Amended 1991)

The following are the purposes for which this organization has been organized.

• To conduct activities allowed by Section 501 (c) (3) of the Internal Revenue Code a corporation shall not conduct activities of any kind or nature that are not permitted under Section (c) (3) of the Internal Revenue Code.

• To promote the development of consumer and commercial credit adjustment as a profession

• To establish and maintain credit adjustment practices consistent with the highest standing competence and integrity required by federal, state and local legislation.

• To promote, establish, maintain and operate programs to educate and train bankers, the business community and their guests on issues dealing with the credit adjustment profession
.
• To educate the banking and related business community and to work with and cooperate with organizations having similar objectives and provisions of education as stated above, and to ***** any and all programs allowable by law for a corporation formulated and existing in accordance with MGL, Chapter 180.

Article Three - Membership
(Amended 2004)

• Membership in this organization shall be opened to all who evidence a desire to support the activities of the organization and who work in the New England states and are duly authorized by their Employee Bank, Credit Union or Credit Grantor, said Credit Grantor shall be defined as who issues credit as duly regulated under the equal opportunity credit act or alike, including but not limited to Retail Credit Grantors and Commercial Credit Grantors who so qualify, to represent their employer as a member. It is the intent of this organization to recognize its Past Presidents by granting these individuals a free lifetime non-voting membership, unless the individual is still the authorized voting member from his/her Bank, Credit Union or Credit Grantor as described hereinabove. Non-voting Associate Membership shall be open to those industry-oriented businesses who have evidenced a desire to support the by-laws and activities of the Association.

• All Applications for membership in the organization shall be submitted to the President and/or Secretary. The Executive Board after review shall make their recommendation concerning said membership to the general membership present at said meeting. This majority vote of the aforestated general membership present shall accept or reject said application for said membership.

• Termination of a membership shall be voluntary or requested by the organization when there is just cause and the for cause termination is approved by two-thirds of the membership present, after notice, voting at any regular or special meeting. Membership does not imply personal or institution responsibilities for the acts or omissions of other members.

• Associate members or their designated representative in order to maintain membership in good standing shall attend not less than 2 scheduled meetings of the association per year. Failure to attend as stated hereinabove without being excused there from by a member of the Executive Committee may constitute cause for termination as stated herein below. The Treasurer shall be charged with maintaining records of attendance of Associate members and shall report said attendance to the President, who shall take whatever action he/she deems appropriate with the advise and consent of the Executive Board, including but not limited to, reprimand, suspension, and/or termination, consistent with this article.

Article Four - Meeting
(Amended 1994)

• The Annual Meeting of this organization by its membership or by its officers in proxy therefore shall be held at a time and place so designated by the President of the organization, but shall be held in any event by the third Thursday of July each and every year. The Secretary shall cause to be mailed to every member in good standing at his/her address as it appears in the membership roll book of this organization a notice telling the time and place of such Annual Meeting, which shall be given at least ten (10) days prior thereto.

• Regular meetings of this organization shall be held each month, except for the months of June, July and August, and shall be at a time, place and day so designated by the Executive Committee.

• Each member Bank, Credit Union, or Credit Grantor shall have one (1) vote (unless there is more than one voting member) in the election of Officers and any amendments to Articles of the Organization and/or By-Laws.

• Special meetings of this organization may be called by the President when he/she deems it for the best interest of the organization. Notices of such meeting shall be mailed to all members at their addresses, as they appear in the membership roll book at least ten but not more than twenty days before the scheduled meeting. Such notice shall state the reasons that such meeting has been called, the business to be transacted at such meeting and by whom called.

• At the request of three (3) members of the Executive Committee or ten (10) members of the organization, the President shall cause a special meeting to be called but such request must be made in writing at least fifteen (15) days before the requested scheduled date.

• No other business but that specified in the notice may be transacted at such special meeting without the unanimous consent of all present at such meeting.

• No other business but that specified in the notice may be transacted at such special meeting without the unanimous consent of all present at such meeting.

• The Vice President of the Association shall be charged with the responsibility for providing the monthly guest with the exception as stated herein above.

Article Five - Voting
(Amended 1987)

• At all meetings, including the election of Officers and Directors all votes be via voice or in such manner as requested by the President who shall chair said election.

• At any regular or special meeting, if a majority so requires, any question may be voted upon by ballot. Ballots in this case shall be provided and there shall not appear any place on such ballot any mark or marking that might tend to indicate the person(s) who cast such ballot.

• Each member Bank, Credit Union, or Credit Grantor shall have one (1) vote (unless there is more than one voting member) in the election of Officers and any amendments to Articles of the Organization and/or By-Laws.

• Not less than sixty (60) days prior to the date established for the Annual Meeting, the President shall appoint a Nominating Committee of not less than three (3) members. The Nominating Committee shall, not less than thirty (30) days prior to the Annual meeting, submit to the Secretary its written recommendations of the names of the names of candidates for election, such list will be mailed fifteen (15) days in advance of the Annual Meeting by the Secretary to the general membership.

• Additional nominations for any office may be made by presentation to the Secretary of a petition signed by at least three (3) member institutions no later than five (5) days prior to the Annual Meeting.

• Voting shall be consistent with Paragraphs 1 and 2 as stated hereinabove by authorized members present at the Annual Meeting. Proxies will not be recognized in the voting of and as concerns the election of Officers and/or Directors. A majority of those voting members present will be required for the election of Officers and Directors.

• If there are additional nominations for any office, other than those proposed by the Nominating Committee and certified by the Secretary, then the vote for that particular office shall be consistent with Paragraphs 1 and 2 hereinabove.

• Any defeated candidate may be nominated from the floor for the lesser office.

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