DEFINITION of 'Credit Business Fellow - CBF'
A designation for achievers who have proven knowledge in intermediate financial analysis, and business and credit law. Credit Business Fellow (CBF) is a designation which is both a participation and academically based. This designation is sponsored by the National Association of Credit Management (NACM) and individuals with a CBF designation, possess an intermediate knowledge and ability to become credit managers.
BREAKING DOWN 'Credit Business Fellow - CBF'
In order to be a successful candidate for the CBF exam, three courses must be completed: Business Law, Credit Law and Financial Statements. In addition to finishing the course work, applicants are required to have completed the credit business associate (CBA) designation, before applying for the CBF exam. Finally, applicants must have 75 career roadmap points, which are award based on current level of education, past and present work experience, and other work related activities.
Once the applicant has their courses completed, a CBA designation and 75 career roadmap points, they can apply to take the CBF exam. If the applicant is approved they will receive a written letter with approval to write the exam. The CBF exam is three hours long and is written three times a year.