NPECA Bylaws

ARTICLE I

This 501(c)(6) nonprofit corporation shall be known as the National Petroleum Energy Credit Association, Inc (NPECA or Association).

ARTICLE II

The principal place of business is Horseshoe Bay, Texas and such other places which the Board of Directors may determine from time to time.

ARTICLE III

The Association's purposes are to promote fellowship and the common business interests of its Members, encourage the exchange of ideas of mutual benefit specific to risk management deriving from credit management and payments management functions and tasks, and discuss timely subjects of interest in the petroleum energy industry. The Association’s Mission Statement is: To present an Annual Conference providing relevant petroleum energy industry education and professional connection opportunities for risk management and payments professionals in the energy sector.

ARTICLE IV

Individuals who have paid their dues on a timely manner are deemed in good standing and members (Member) in this Association and possess membership (Membership) while in good standing. Any person desiring to become a Member of this Association will file an application in writing with the Executive Director who will transmit it to the chairperson of the Membership Committee.

Membership in this organization shall consist of Regular, Associate, and Honorary Members as defined herein:

(A) Regular Member: Any person engaged in credit work (retail, wholesale, or payment systems) of petroleum energy companies, including their affiliates or subsidiaries whose principal product is a petroleum derivative will be eligible to become a Regular Member of this Association upon the terms and conditions prescribed in these By-Laws.

(B) Associate Member: Any employee of a service company or organization engaged in or responsible for providing credit support, credit reporting, collection services, or payment professional services to the petroleum energy industry will be eligible to become an Associate Member of this Association subject to the terms and conditions prescribed by these By-Laws without holding office.

(C) Honorary Member: The Board of Directors, at its discretion by two-thirds majority vote, may elect as an Honorary Member, exempt from the payment of annual membership dues, individuals whom it deems deserving of the honor. Honorary Members will be entitled to all the courtesies and privileges of Regular Members with the exception of voting or holding office. Not less than five (5) nor more than ninety (90) days prior to the scheduled annual conference, the Executive Director of the Association will mail or email to all Honorary Members of record an invitation to attend the annual conference.

ARTICLE V

Membership dues shall be paid annually by each Member. The amount of the annual membership dues can only be changed by majority vote of the Board of Directors.

Assessments may be levied by majority vote of the Board of Directors. Conference registration fees and annual Membership dues shall not be considered as assessments.

ARTICLE VI

The officers will consist of the President, First Vice President, Second Vice President, Treasurer, and Secretary (Officers). The Board of Directors will consist of the Immediate Past President, the Officers, and eight (8) Directors at Large.

ARTICLE VII

The Board and Association shall conduct its affairs through four standing committees, strategic initiatives, task forces or ad hoc committees as may be established by these By-Laws or by the Board of Directors. The President will appoint all standing committee chairs and co-chairs by pairing officers and board members.

ARTICLE VIII

Meetings of the Members of the Association shall be held annually (Annual Meeting) at the time and place recommended by the Conference Site Selection Committee and approved by the Board of Directors.

ARTICLE IX

All meetings of the Association shall be governed by parliamentary law in accordance with the provisions of Robert's Rules of Order.

These By-Laws may be amended by majority vote of those Members present at any Annual Meeting, provided that the full text of the proposed amendment is submitted to all Members in writing not less than thirty (30) days prior to such Annual Meeting.

ARTICLE X

The fiscal year of the Association shall end at 11:59 p.m. Central Daylight Time on December 31 each year.