Benefits of Membership

The NFMA invites you to join our dynamic organization to....

    > make a difference in the municipal bond industry 
    > further your education 
    > develop networking opportunities 
    > get involved on a local level via NFMA constituent societies 
    > and have fun!

Make a difference

Get involved with any one of a number of projects initiated by the Board of Governors such as Recommended Best Practices in Disclosure and White Papers.

Further your education

Stay up-to-date on the latest developments in municipal bond analysis by attending NFMA introductory and advanced seminars and training courses, the annual conference, and constituent society seminars and events.

Develop networking opportunities

Get to know the nearly 1300 municipal bond professionals in the organization and its 6 constituent societies.  Take advantage of the NFMA website which includes job postings and a membership directory.

Get involved

Be part of the premier group of professionals in the nation whose focus is municipal credit analysis. If you are in proximity to a society, you have further opportunities to get involved at that level, too.

Have fun

Develop relationships that will last a lifetime.

    > If you are a municipal industry professional, click here to view and download benefits of membership. To join now, click here.
    > If you are a student or faculty member interested in membership, please click here to download information on the benefits of Student/Faculty membership. Please click here to apply.  

About membership in the NFMA

Membership Categories:

Regular Membership in the NFMA gives you the opportunity to join one of 6 local societies or join as an Affiliated Individual if you are not close to a society.  Societies are located in New York, Boston, Philadelphia, Minneapolis, Chicago, California and the South.  The NFMA also offers Associate Memberships and Student Memberships.

  • Regular Membership - For Municipal Analysts and Portfolio Managers
  • Close to a society?  Society membership is included.
  • Associate Membership
  • Student Membership in the NFMA - For full-time students enrolled in academic programs contemplating a career in municipal analysis. Professors in this program may also apply for student membership. See our Student Membership page.

Constituent Societies:

  • Boston Municipal Analysts Forum (BMAF)
  • California Society of Municipal Analysts (CSMA)
  • Chicago Municipal Analysts Society (CMAS)
  • Minnesota Society of Municipal Analysts (MSMA)
  • Municipal Analysts Group of New York (MAGNY)
  • Municipal Analysts of the Rocky Mountains (MARMOT)
  • Philadelphia Area Municipal Analysts Society (PhAMAS)
  • Southern Municipal Finance Society (SMFS)

Benefits of Membership Include:

  • Discounted registration for the NFMA Annual Conference and Advanced Seminars
  • Access to the Membership Directory. View the full directory, or search by name, firm, society, city, state, specialty.
  • Access to the Members-Only Job Bank
  • Access to Meeting Handouts
  • Access to Members-Only Teleconferences, gives you admission to presentations taking place in another part of the country.
  • Discounts on subscriptions to Municipal Finance Journal.

Annual dues levels begin at $200 for professionals. Student membership is free. See our Student Membership page for more information about Student Memberships. 

Code of Ethics: 

The NFMA asks all members to abide by the Code of Ethics established by the CFA Institute (permission granted in 2019)