Since 1928 the Institute has undergone numerous changes. Originally belonging to the C.C.M.T.A. (now known as Creditel of Canada Ltd.) the Institute has since become completely independent. Course studies, originally lasting two years have expanded to four years; and the name of the Institute has changed twice Ñ from the Canadian Credit Institute to the Canadian Institute of Credit and Financial Management and finally to Credit Institute of Canada.

On the day of its founding, the Institute made history by becoming the first professional association to offer a business correspondence course in conjunction with a recognized university (University of Toronto). As a pioneer in the field of offering business correspondence courses, the Institute paved the way for other professional associations to follow.

In April 1999, the Credit Institute began a new relationship under an educational agreement with CGA (Certified General Accountants Association). Under the agreement the Credit Institute added 6 courses from the foundation levels of the CGA Program to the 2 in-depth credit management courses required under the FCI Program. This exciting agreement allows students to continue their studies beyond the FCI designation towards a CGA designation and/or BAccS through the CGA partnership with the University of Calgary.

Today, the Credit Institute continues to change and evolve as the needs of the Credit Profession change. Technological advances in computers and internet have allowed us to move forward in ways no one would have believed in the days of our founders.