At the start of 2021, it was hard to predict what the year would bring. One big question at ELFA headquarters was whether the association would attract and retain member companies in the face of a worldwide pandemic.
As 2021 draws to a close, we’re pleased to share that this has been a strong year for membership. A total of 54 companies joined the association and 91% of existing members renewed their memberships. During these unprecedented times, it’s gratifying that so many companies are recognizing the ELFA value proposition.
Our cover story, “Meet the New ELFA Members,” introduces you to some of the newest members of our association community. Get to know this impressive group and don’t miss “Eight Ideas to Maximize Your ELFA Membership”—you may discover a tip or two for getting the most out of your involvement with the association.
It was wonderful to see so many new and veteran members at our 60th Annual Convention in San Antonio. See highlights here. Special congratulations to John Deane, who was inducted into the Equipment Finance Hall of Fame.
While 2021 was ELFA’s 60th anniversary, a number of member companies celebrated milestone membership anniversaries this year. One company marking 45 years as an ELFA member, CIT Group, reflects on this achievement in “Financing Success”. Mike Jones, President of Business Capital, says, “Overall, there’s really no substitute for the resources that ELFA provides for the entire equipment finance industry and that explains why we’ve been a member for nearly half a century and expect to continue that relationship for many years to come.” We thank CIT Group and all member companies for your incredible support and participation over the years, especially throughout the pandemic.
As I said at the Annual Convention, our volunteer members have gone the extra mile to stay engaged and motivated—even when you couldn’t get together in person—from participating on critical advocacy initiatives to serving on committees and working groups.
I’m especially proud of my colleagues on the ELFA staff for all they have accomplished over the past 19 months. They juggled personal and professional obligations and challenges as they worked fervently to re-tool the association’s offerings.
Finally, I would like to recognize outgoing Chair Kris Snow, the Board of Directors and all of our member volunteers for a successful year. The ELFA team and I look forward to working with 2022 Chair Mike DiCecco and all of you in the year ahead.

Watch Ralph’s President’s Report from the ELFA Annual Convention.
As 2021 draws to a close, we’re pleased to share that this has been a strong year for membership. A total of 54 companies joined the association and 91% of existing members renewed their memberships. During these unprecedented times, it’s gratifying that so many companies are recognizing the ELFA value proposition.
Our cover story, “Meet the New ELFA Members,” introduces you to some of the newest members of our association community. Get to know this impressive group and don’t miss “Eight Ideas to Maximize Your ELFA Membership”—you may discover a tip or two for getting the most out of your involvement with the association.
It was wonderful to see so many new and veteran members at our 60th Annual Convention in San Antonio. See highlights here. Special congratulations to John Deane, who was inducted into the Equipment Finance Hall of Fame.
While 2021 was ELFA’s 60th anniversary, a number of member companies celebrated milestone membership anniversaries this year. One company marking 45 years as an ELFA member, CIT Group, reflects on this achievement in “Financing Success”. Mike Jones, President of Business Capital, says, “Overall, there’s really no substitute for the resources that ELFA provides for the entire equipment finance industry and that explains why we’ve been a member for nearly half a century and expect to continue that relationship for many years to come.” We thank CIT Group and all member companies for your incredible support and participation over the years, especially throughout the pandemic.
As I said at the Annual Convention, our volunteer members have gone the extra mile to stay engaged and motivated—even when you couldn’t get together in person—from participating on critical advocacy initiatives to serving on committees and working groups.
I’m especially proud of my colleagues on the ELFA staff for all they have accomplished over the past 19 months. They juggled personal and professional obligations and challenges as they worked fervently to re-tool the association’s offerings.
Finally, I would like to recognize outgoing Chair Kris Snow, the Board of Directors and all of our member volunteers for a successful year. The ELFA team and I look forward to working with 2022 Chair Mike DiCecco and all of you in the year ahead.

Watch Ralph’s President’s Report from the ELFA Annual Convention.
Article Tags:
EL&F magazine article
From the President & CEO
Column
2021