Credit Institute of Canada - BC Chapter Revenue

About Credit Institute of Canada - BC Chapter

In early 1926 three men, J.B. Ratcliff, A.S. Crighton, and H. Detchon from the Canadian Credit Men’s Trust Association Limited (CCMTA) got together with Dr. W.J. Dunlop, Director of the University of Toronto Extension and Publicity Department, to answer the questions, “Can education raise the status of the credit man’s work from that of an occupation to that of a profession?” and “If so, what type of education would be suitable for the purpose?” Once it was determined that an Institute of Credit was viable, necessary and had long-term possibilities, an outline for the organization of the Institute was prepared. The outline was submitted to all the CCMTA provincial committees for their consideration in March 1927. On June 14, 1927, a final report was presented at the CCMTA Convention in Edmonton unanimously passed: On June 11, 1928 The Canadian Credit Institute became a reality as a federally incorporated organization through the passing as a special Act of Parliament – Chapter 76 of the Statutes of Canada, 18-19 George V, Part 2. The first annual meeting of the Canadian Credit Institute was held in July 1928 and the Credit Institute crest was adopted sometime around December 1928.

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