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Credit Institute
of Canada History
The crest and
motto of the Credit Institute of Canada have been in use since 1928. The quartered
crest shows maple leaves, a beaver, a gear wheel and a locomotive. The maple leaves
and beaver reflect the national focus of the Institute. The gear wheel and locomotive
are symbols of commerce. The motto is simply: affairs of merchants and craftsmen.
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During the postwar
era of the 1920s, the dynamic growth of business across Canada gave rise to an
increased need for credit management. At the time, members of the C.C.M.T.A. (Canadian
Credit Men’s Trust Association Ltd.) realized that in order to build on the
credit profession, it was necessary to establish an institution dedicated to the
needs of credit managers. Their vision was an institution that would oversee the
implementation and monitoring of national standards for credit management.
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