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To acquire 10 new members annually
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To maintain 80 percent of current membership
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To have 100 members by 12/31/07
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Try to identify exchanges that make up 100 percent of the independent trade exchanges that would qualify for membership in NATE.
Communications
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To have two forms of communications a month from the NATE office to the members
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To have one communication a month to the members from the board
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To have one quarterly communication to the industry including non-members
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To have a quarterly press release to the media promoting the barter industry
Financial
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Increase cash reserves to over $220M by 12/31/07
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Increase the bad debt reserve for BANC to 7 to 10 percent of unsecured credit lines by 12/31/07
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Maintain NATE operating accounts in excess of $100,000 for each of the next three years
BANC
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Educate the members on benefits beginning at the next convention
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Update Web site and send broadcast e-mail summary from previous month’s success stories
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Revise credit line policies to stimulate volume
Government Affairs
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Begin education now – start clipping and process for gathering information
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Committee to explore costs to financially prepare potential lobby efforts
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Educate members on Web site and at each convention of any changes
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- Committee to research and develop new opportunities that bring value; report due by next board meeting
- Provide educational briefing at conventions about current benefits
- Add educational information to Web site and New Members Welcome Package
- A $249.00 FIRST YEAR ONLY membership drop for the new member prospects that are identified on the list by 12/31/05
Ethics
- Review current guidelines and make recommendations for retention, or deletion, to strengthen NATE’s ethics, at the 2006 NATE Convention; each rule must be enforceable
- To post results immediately on Web site and e-mail to entire membership
- Review annually
Technology
- The primary objective is to find an appropriate program for BANC to purchase using the savings to hire a staff member to manage The BANC. This new staff member will also assist in other areas, such as implementing new and existing board plans.
- To increase the financial bottom line of NATE and to communicate specific recommendations by the next convention
Education
- To review and refine Certified Trade Brokers’ and Master Trade Brokers’ criteria and curriculum 60 days prior to each convention
- To develop an enhanced method of communication of educational material to our members by the next board meeting
- To provide a “standardized” packet of information for new and existing members of NATE
- To gather existing material at Atlanta Convention and provide a finished packet by January 2006
Mission Statement |
