Who is MFSG?
MEMA Financial Services Group, Inc. (MFSG) is a multi-faceted 100+ year old organization and is a wholly owned subsidiary of the Motor & Equipment Manufacturers Association (MEMA). MFSG is recognized as the leader in providing credit and financial executives with accurate, timely information relating to a customer’s trade payments and operations. MFSG members obtain this key data on existing and/or prospective customers by participating in one or more of the five credit discussion groups MFSG administers as well as from periodic reports, white papers and surveys generated by MFSG.
This information, along with the credit executive’s independent investigation and judgment, enables them to make a more informed, educated credit decision. MFSG members range in size from the giants of the industry to the smaller manufacturers serving niche markets.
One of the many services provided by MFSG members is a credit reference service. This service enables our members to have all credit reference calls, faxes and emails directed straight to MFSG for processing. This service enables our member companies to forgo this mundane task and have their team do more productive tasks.
MFSG also provides Distribution Agent services for Trustees or firms closing out the estates of bankrupt companies. MFSG has performed the duties of Distribution Agent in no less than 12 cases and have distributed funds to as few as 25 creditors to as many as 5,000 creditors. The staff of MFSG works effectively and efficiently to keep distribution costs reasonable as we process distributions on an hourly rate plus expenses.
MEMA was founded in 1904 and exclusively represents and serves U.S. manufacturers of motor vehicle components, tools and equipment, automotive chemicals and related products used in the production, repair and maintenance of all classes of motor vehicles. For more information about MEMA see their website at www.mema.org.