National Marine Lenders Association

We make boating affordable!




Summer is in full swing and marine loan volume has been strong for the first two quarters of 2018. New boat sales appears to be up slightly over the same period last year - always an excellent industry indicator - and brokerage boat sales remains steady as well. 

2018 has already brought us four new members - Luxury Law Group, PLLC, Ft. Lauderdale, FL (Danielle Butler) and Reliable Documentation, Inc., Costa Mesa, CA (Kathi Krencik Ford), BankNewport, Newport, RI (Austin Sedicum), Marathon Xpress, LLP, Wilmington, NC (Troy Tiedeman) and Flagstar Bank, Troy, MI (Garry Bryant). Please review their company's information found in this website's "Member Directory" (select the ABOUT US tab) and reach out to them if they can assist you in any way. Welcome aboard Danielle, Kathi, Austin and Troy!

This past February, we gathered in Ft. Lauderdale for our Marine Lending Workshop where we shared "best practices" with the 35 folks onhand. Covered by speakers and panelists was underwriting to collections and everything in between. If you weren't able to attend this year, please put it on your calendar for 2019. It's an educational program that you don't want to miss.

Our next big event will be our 39th Annual Conference at the Grand Traverse Resort and Spa in Traverse City, MI, September 9th -11th. This year's program includes four dynamic speakers who will share current marine industry statistics, discuss the increase in popularity of multi-engine boats, analyze how today's economy is shaping the future of recreational activity, and examine legislative issues that impact the lending arena. Information on how to register can be found by clicking the link for the Annual Lenders Conference at the bottom of this Homepage. 

And last but certainly not least, also in the works is the NMLA 2018 Annual Report, the only compilation of marine lending data available anywhere. This year's report will be available in convenient PDF format this July. 

Many thanks to this year's Sponsors and all of our members for your ongoing support of the NMLA. Have a wonderful Summer and please, don't hesitate to contact me or any of our directors and staff members if we can assist you in any way.

Dennis Poer, President



PRESIDENT - Dennis Poer, Bank OZK

VICE PRESIDENT - John Haymond, Medallion Bank

SECRETARY - Nikki Bates, Intercoastal Financial Group

TREASURER.- William Otto, Lake Effect Financial Services



Welcome to the National Marine Lenders Association

The National Marine Lenders Association (NMLA) was formed in 1979 by founding directors Bill Otto, Jackie Forese, and the late Don Mattocks. It was created, and continues today, to educate current and prospective lenders in marine financing procedures, promote the extension of credit to consumer and trade borrowers, maintain alliances with industry partners, measure and report on the vitality of the marine lending market, and actively maintain networking and communication benefits for its members.

The National Marine Lenders Association is made up of banks, loan origination companies (service companies), finance companies, credit unions and other industry professionals. For visitors to this website in search of financing options, please select the FOR BOAT BUYERS tab at the top of this screen. If you are involved in marine lending and interested in becoming a member of the NMLA, please select the JOIN THE NMLA tab for additional information and an application. 

Thank you for visiting this website. For additional information, please feel free to contact us at (410) 980-1401 or via email at



Flagstar Bank
J.J. Best Banc & Co
Luxury Law Group, PLLC
Marathon Xpress, LLC
Recreational Dealer Services, LLC
Reliable Documentation, Inc.


All of our sponsor companies - banks, financial services providers, dealers, title and USCG documentation companies, marine surveyors, marine insurance companies, recovery/liquidators, maritime attorneys, and technology service providers, are involved in the marine industry. So, whether you are a current NMLA member, an industry affiliate, a boat dealer/broker, or a boat buyer, NMLA sponsors are the businesses you should be working with. 

It is our pleasure to provide you with the contract information of our sponsor companies as well as a brief description of the services each one offersPlease visit our “SPONSOR LINKS” tab at the top of this webpage.