IFA Announces New Membership Categories to Foster Collaboration and Provide Specialized Resources
As the International Factoring Association continues to grow and evolve, we are excited to share some important updates regarding the IFA’s membership structure.
After careful consideration and planning, we are excited to announce new membership categories that will better align with the diverse needs of our valued members. Starting January 1, 2024, companies who are not presently engaged in factoring will now be eligible for Ally Membership. Ally members are friends of factoring such as asset-based lenders, equipment, purchase order and inventory lenders, lender’s funding banks and firms, attorneys, service providers, etc. This new membership category aligns with our commitment to provide recognition and member benefits to those who support our factor members and who play an important role within our community.
All current IFA members that now qualify for an Ally membership will be transitioned over to the new membership category. The Ally Member designation will allow IFA members to easily search for companies to partner with that provide complimentary products and services to the factoring industry. In addition, Ally Members will now also be eligible for the following IFA benefits:
Basic Ally Member Benefits Include:
Use of IFA Ally Member logo for advertising
IFA member rates for events
Ability to publish press releases
Free access to IFA webinars
Discounts in the IFA store
Free listings on the IFA job board
Access to health insurance benefits
There is no application fee for Basic Ally Members, and the annual membership fee is $1,000 regardless of size. Basic Ally Membership is complimentary for companies that exhibit at or sponsor more than $3,500 at the IFA’s Annual Factoring Conference.
To join and for more information on membership, click here.
If you are currently an IFA Member that is transitioning to an Ally Member, the revised rate will take effect upon renewal of your current membership term. If you have any questions regarding this transition, please reach out to info@factoring.org.
We are also updating the name and benefits associated with our Preferred Vendors, who will now be recognized as Preferred Ally Members.
Preferred Ally Member Benefits Include:
All Basic Ally Member Benefits
Monthly IFA membership list with contact details
Top listing on IFA website under Ally Members with company logo
Recognition at all training classes and conferences in handout
Recognition at the Annual Factoring Conference with a Preferred Ally Member sign
Ability to publish articles and blogs in the IFA newsletter
Preferred Ally Members are vetted by the IFA and must undergo a thorough application process that includes providing current IFA members as references. Preferred Ally Members must also provide some sort of discount or benefit that is exclusive to IFA members. There is a $750 one-time application fee to apply for Preferred Ally Membership and the annual fee is $3,000 for exhibitors and $4,000 for non-exhibitors at the IFA's Annual Conference.
In addition to the new Ally and Preferred Ally member benefits, we are excited to introduce enhancements to our IFA Membership.
In addition to these current IFA Member Benefits:
Access to IFA’s social media website
Access to IFA website discussions
Access to the IFA membership list
Discounts from IFA Preferred Ally Members
Discounts at the annual conference and IFA training courses
Discounts in the IFA store
Use of IFA logo for advertising
Leads from FactorSearch
IFA Members will now also receive the following enhanced benefits:
Free access to all IFA webinars
Free listings on the IFA job board
Access to health insurance benefits
As we enhance your membership experience with additional benefits, a nominal price adjustment is included in your renewal, ensuring continued value and elevated offerings. Please note that this membership category is only open to those who actively engage in factoring.
IFA Membership Details:
Employees 1-5: $450
Employees 6-15: $750
Employees 16-25: $1,000
Employees 26-50: $1,500
Employees 51-75: $3,000
Employees 76+: $4,000
New companies applying for IFA membership will also notice changes to our previous pricing and benefit structure that we feel will provide maximum support for those new to the IFA.
New IFA Membership Benefits Include:
2 hours of consulting services
Access to IFA’s social media website
Access to IFA website discussion
Access to the IFA membership list
Discounts from IFA Preferred Ally Members
Discounts at the annual conference and IFA training courses
Free access to IFA webinars
Discounts in the IFA store
Free listings for the IFA job board
Access to health insurance benefits
Use of IFA logo for advertising
Leads from FactorSearch
There is a $100 one-time application fee to apply for new IFA Membership and the annual fee is $750.
The changes to IFA Membership aim to streamline our membership structure, providing greater value and flexibility for our members. We are confident that these updates will contribute to a more dynamic and engaged community within the IFA.
As a reminder, all IFA members must adhere to the IFA's Code of Ethics which can be found here. We appreciate your continued support and participation!