Welcome to the NFMA!

NFMA Releases Final SRF Paper

The Disclosure Committee is pleased to announce that it has released the final version of the Best Practices in Disclosure for State Revolving Fund Revenue Bonds. Click here for the press release. Click here to read the paper. 

Advanced Seminar on Higher Education

The Fall Advanced Seminar on Higher Education will be held on October 17 & 18 at the Omni Shoreham in Washington, D.C. A site tour of Georgetown University is planned for a limited number of attendees on October 16.  Click here to see the program. Click here to register. 

2025 NFMA Board Application Deadline Extended to October 4

Each fall, the NFMA Board of Governors holds elections for At-Large seats for the upcoming year. At-Large Board members serve for two-year terms. Applicants must be Regular Members in good standing and should have approval from their employers to attend three in-person Board meetings per year (held the day before each Advanced Seminar and the Annual Conference). To apply for a seat on the NFMA Board, click here.

 Upcoming: Introduction to Municipal Bond Credit Analysis

The NFMA holds this event annually. This year it is in Chicago, at the offices of Mesirow, on November 14 & 15. To view the program, click here. To register, click here.

Fugiel Scholarship Applications Due October 6 

The National Federation of Municipal Analysts’ 2024 Peter Fugiel Scholarship is available for award to a full-time student in an accredited academic program in a field that would serve as preparation for a career in municipal finance. This annual scholarship awards one student with a stipend to cover the registration fees and travel costs associated with attending the NFMA’s Introduction to Municipal Bond Credit Analysis Seminar traditionally held each fall. The 2024 Introduction to Municipal Bond Credit Analysis in Chicago on November 14 & 15.  A complementary program, “What Every Analyst Needs to Know About Government Accounting” will be held on November 13 in the same location; students are welcome to attend that event as well. 

To apply for this scholarship, please click here. 

Educational Programs

Traditionally, the NFMA has held an Annual Conference each spring. The conference provides members with the opportunity to hear presentations, to meet with members of other Constituent Societies of the NFMA, and to contribute their efforts to the overall advancement of the NFMA. At the conference, the NFMA presents awards to individuals and organizations for extraordinary contributions to municipal analysis. For a list of past award recipients, click here.

The NFMA has also presented its Introduction to Municipal Bond Credit Analysis each fall, covering a wide range of topics/sectors geared to the needs of new analysts.  Advanced Seminars each fall and winter cover in-depth current topics of importance to the industry for seasoned analysts.

Constituent Societies hold educational events for members. Many of these events are open to members of other societies within the NFMA, and are posted on the NFMA's Event Calendar.

Are you a New NFMA member, or would you like to be?

The NFMA's New Member Advancement Committee (NMA) has programs designed to assist analysts who are newer to the field with career advancement and training. To learn more about NMA, click here.  If you have not yet joined the NFMA, click here for the Membership Application.

 NFMA's Diversity, Equity & Inclusion Initiatives

The DEI Committee began work in 2021 on initiatives to promote Diversity, Equity & Inclusion in the NFMA. The first priority was to propose a new mission statement to be incorporated into the NFMA constitution. Effective December 27, 2021, the NFMA's constitution was amended with the new mission statement. To read the current NFMA constitution, click here.

In the fall of 2022, the NFMA initiated a survey on Diversity, Equity & Inclusion. Outreach for survey participation was made to all NFMA members as well as to various groups in the industry. A report on the survey may be accessed by clicking here. The NFMA DEI Committee is currently evaluating next steps. One such step may be a webinar discussion of the survey results with the opportunity for members to ask questions and/or provide feedback. 

For a better understanding of the goals of the DEI Committee, watch this short report by Anne Ross, 2021 NFMA Chair, Neene Jenkins and Nicole Byrd, Co-Chairs of the DEI Committee. For more information about the NFMA's DEI initiatives click here.

Market Advocacy

The NFMA has been a strong advocate of improved disclosure in the municipal market since its inception. Throughout its history, the NFMA has issued recommended best practices, white papers, comment letters and position statements on relevant topics in the municipal market. To view NFMA papers, go to Resources.

Job & Internship Banks

The NFMA maintains a job bank for its members and an internship bank for students. Employers may submit job and/or internship postings via this link: Job Bank Submissions