National Marine Lenders Association

We make boating affordable!



Dear NMLA members and industry associates.

We recognize that the measures taken on the state and local levels in an attempt to slow the spread of the COVID-19 virus have had a huge impact on our industry as well as your personal and business lives. “Social distancing” has become the new norm.

Please know that NMLA’s Annapolis Headquarters remains open and your Board of Directors and staff will be working on your behalf every day during these challenging times. In addition to keeping you informed of important industry and member information via email, the website, and our newsletter, we promise to continue our quarterly Snapshot survey and still plan to have the 2020 NMLA Annual Statistical Report ready for distribution and sale this summer. If there is anything we can do to assist you or your team, please don’t hesitate to contact us via email at or call (410) 980-1401.

And finally, many of our members have asked about the status of NMLA’s Annual Lenders Conference (August 30- Sept 1, 2020). Naturally, there are many unknowns as of this date, but our priority will always be the health and safety of our conference attendees. We are currently in communication with the Grand Summit Resort in Park City regarding the event, and a final decision of whether or not to proceed with the conference will be made within the next few weeks.

For now, let’s all join together and do everything we can to keep our families, friends, co-workers, neighbors and communities safe. We’re all in this together, even if we can’t be together.

John Haymond, President




PRESIDENT - John Haymond, Medallion Bank

VICE PRESIDENT - Robert P. Dunford, Trident Funding LLC

SECRETARY - Noelle Norvell, Luxury 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




Meredith Village Savings Bank
National Powersport Auctions
TFC Bank Commercial Finance


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.