The Western Association of Equipment Leasing (WAEL) was founded in 1974 by a small group of trailblazers in the equipment leasing industry. The organization was renamed the United Association of Equipment leasing (UAEL) in 1993.
The Eastern Association of Equipment Lessors (EAEL) was founded in 1979
Inception of the Certified Lease Professional (CLP) program as originally developed by the UAEL. Today the Certified Lease & Finance Professional (CLFP) designation is the preeminent credential for equipment leasing and finance professionals who have demonstrated competency through testing of knowledge, continuing education and a commitment to their business practices and dedication to the industry. Every CLFP has at least two years in the equipment finance industry and has passed a rigorous 8-hour exam.
Beginning of Merger EAEL and WAEL and development of new logo:
The three intertwining circles to the left of the initials are symbolic of the unity between the UAEL and EAEL into the new association, NEFA, with the two smaller circles representing the UAEL and EAEL and the larger circle representing NEFA. The shape of the circle was chosen to symbolize the following cyclical relationships pertaining to the organization:
1) the reciprocation of membership and benefits within the association,
2) the relationship between committees and members, and
3) the financial relationship between lessor and lessee.
April 4-7, 2008 NEFA’s first National Summit in Orlando Florida
Official Launch of NEFA (June 30, 2009) with 58 founding member companies
Formation of the Chris Walker Education Fund
First female President of NEFA: Tara Assand, LTi Technology Solutions
First Virtual Conference: 2021 NEFA Finance Summit, March 16-17