Welcome to the NFMA!

NFMA Advanced Seminar on Transportation

The NFMA will hold an Advanced Seminar on Transportation in Chicago on October 12 & 13. New speakers continue to be added weekly. To view the program, click here. To register, click here

NFMA Board is Accepting Applications for At-Large Seats

If you are a Regular Member of the NFMA (this excludes Associate Members and Student/Faculty Members) you are eligible to apply for one of three At-Large Seats opening for two-year terms beginning January 1, 2024. NFMA Board members are asked to attend three in-person meeting per year on the days preceding Advanced Seminars and the Annual Conference. To apply for an At-Large seat, click here. The deadline for applications is midnight, September 30.

NFMA Introduction to Municipal Bond Credit Analysis

On November 16 & 17, the NFMA will offer the Introduction to Municipal Bond Credit Analysis at the Sonesta Philadelphia Rittenhouse Square. This program is designed for new analysts, sales and suport personnel, and others who wish to expand their knowledge of municipal bond credit analysis. Click here to view the program. Click here to register.

Fugiel Scholarship

The National Federation of Municipal Analysts’ 2023 Peter Fugiel Scholarship is available for award to a full-time student in an accredited academic program in a field that would serve as preparation for a career in municipal finance. This annual scholarship awards one student with a stipend to cover the registration fees and travel costs associated with attending the NFMA’s Introduction to Municipal Bond Credit Analysis Seminar traditionally held each fall. To download the application for the Fugiel Scholarship, click here.

NFMA DEI Survey Results

In the fall of 2022, the NFMA initiated a survey on Diversity, Equity & Inclusion. Outreach for survey participation was made to all NFMA members as well as to various groups in the industry. A report on the survey may be accessed by clicking here. The NFMA DEI Committee is currently evaluating next steps. One such step may be a webinar discussion of the survey results with the opportunity for members to ask questions and/or provide feedback. 

NFMA Releases Draft Best Practices in Disclosure for State Revolving Fund Revenue Bonds

The NFMA's Disclosure Committee is pleased to release the following draft best practices in disclosure for comment. 

NFMA Webinars - FDTA 101 and 201

July 20 - FDTA 101 focused on the FDTA's requirements, timelines, implementation, unknowns, and the role of standards bodies in the process. This webinar also provided grounding in FDTA terminology (i.e., machine-readable, taxonomy, data standards, non-proprietary, semantic meaning), why the terminology is so specific, and what that means for FDTA implementation and for data users. FDTA 101 was open to the public. To view this webinar, click here.

August 3 - FDTA 201 focused on potential benefits to the user community of harnessing the power of structured data required under the FDTA, the importance of NFMA community participation in the standards development process, and the perspectives of an issuer with experience in applying machine-readable data standards to financial statements.  The FDTA 201 replay is available to NFMA members. Log in with member credentials and go to Events/Webinars to view.


Educational Programs

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.

Are you a New NFMA member, or would you like to be?

The NFMA's New Member Advancement Committee (NMA) has programs designed to assist analysts who are newer to the field with career advancement and training. To learn more about NMA, click here.  If you have not yet joined the NFMA, click here for the Membership Application.

 NFMA's Diversity, Equity & Inclusion Initiatives

The DEI Committee began work in 2021 on initiatives to promote Diversity, Equity & Inclusion in the NFMA. The first priority was to propose a new mission statement to be incorporated into the NFMA constitution. Effective December 27, 2021, the NFMA's constitution was amended with the new mission statement. To read the current NFMA constitution, click here.

For a better understanding of the goals of the DEI Committee, watch this short report by Anne Ross, 2021 NFMA Chair, Neene Jenkins and Nicole Byrd, Co-Chairs of the DEI Committee. For more information about the NFMA's DEI initiatives click here.

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 & Internship Banks

The NFMA maintains a job bank for its members and an internship bank for students. Employers may submit job and/or internship postings via this link: Job Bank Submissions