Welcome to the NFMA!

NFMA Introduction to Municipal Bond Credit Analysis

Each year since 1987, the NFMA has held the Introduction to Municipal Bond Credit Analysis. Though the pandemic has prevented the in-person presentation again this year, we have invited speakers to discuss eleven topics over three afternoons, on November 17, 18 and 19, 2021. This course is designed for new analysts, support and sales personnel, and has also been found worthwhile for seasoned analysts seeking to brush up on other sectors. Non-members are welcome to attend.

To view the program, click here.

One registration fee covers all three sessions which run from Noon Eastern to 4:45pm on Days One and Two, and until 3:40pm on Day Three. Registrants may stay logged in to Zoom during breaks and may attend the live sessions and/or watch the replays until February 1, 2022.

Registration for is $200 for the webinar series. We are offering group registration for up to five registrants at a cost of $500. 

To register one person, click here.

To use the group form, click here.

NFMA  Green Bond Survey

We are seeking member input for the NFMA Green Bond Survey. Your input matters! Please complete this Green Bond survey to assist the NFMA Green Bond Committee determine what disclosures investors seek from issuers of Green Bonds. The survey will take approximately 10 minutes to complete and it is anonymous.

Recommended Best Practices in  Disclosure for Toll Road Bonds 

The Disclosure Committee is pleased to release the final version of the Recommended Best Practices in Disclosure for Toll Road Bonds, dated August 2021. To view this paper and other work products of the Disclosure Committee and the Industry Practices Committee, go to Best Practices in Disclosure and Position Statements under Resources.


Educational Programs

Due to COVID-19, the NFMA has had to cancel in-person events through the end of 2020, and extending into 2021. In place of in-person events, the NFMA offers virtual events in the form of webinars.  Please watch the NFMA Event Calendar for news of upcoming webinars, and the return of in-person events.

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.


Want to Learn More About the NFMA?

Individuals wishing to consider membership in the NFMA are invited to listen to NFMA 101. Click here to view the Webinar.

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 Bank

The NFMA maintains a job bank for its members. Employers may submit job postings via this link: Job Bank Submissions