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| October 03, 2000
Ray Williams Terminated at United Association of Equipment Leasing " Whoelse, but...is Gone" Raymond M. Williams, Ph.D. CAE, president of the Northern California Chapter of the American Society of Association Executives, and for eight years executive vice-president of UAEL, was terminated by the Board of Directors of the United Association of Equipment Leasing. He was reportedly asked to resign, but took the matter to the full board. He thought he had the votes, but did not. Previous presidents were not surprised, but did not want to go on the record although they did tell me about their term, off the record,and current issues may concern the costs of two conferences this year, alleged lack of control, no membership 2000 directory, and a host of issues that now may be considered innuendo. Dr. Williams did serve for almost eight years, following Jon Bednerick, CAE. He was very popular among the membership. There is speculation on Dr. Williams' replacement, but with Joan Dalton and Cindy Sprudle in place, it is perceived management appears to be well under control. It may be ironic to some that Dr. Williams hired Cindy Spurdle, former National Association of Equipment Leasing Broker Executive Director, and she now is "temporarily" helping direct the organization along with Joan Dalton. Estarlita Green, administrative assistant for eleven years, left the association last month to continue her gift basket business, she told me. Stay tuned, as there will be more changes here. +++++++ Point of Information from editor Kit Menkin: Dr. Williams leaving UAEL was confirmed by Bob Rodi, CLP, president of LeaseNow and also UAEL. Bob is also on the advisory board of Leasing News. I would like the record to state that Bob was not the first person to give me the information, and only confirmed it after three other people had given me the information. In fact, he was quite annoyed that I knew, and as much as I did. He did not want to say anything off the record or for background purposes or anything and "quite annoyed" is an understatement when I spoke to him on the telephone this morning. For the record,"yes, Ray Williams is no longer with UAEL. Any comments should come from me. If any director on the board should want to make a comment, please ask them not to and to defer all this to me. " Sierra Cities---Delay in decision and announcement--no news, is good news? John Blazek, former president of Stratford Leasing, vice-president of Metrolease, is now "president" of Evergreen Leasing!!! 847-488-0838 Unicapial Unicapital Does has not returned telephone calls or e-mail to Leasing News regarding rumors and funding problems reported to us. We are told the board is waiting for their meeting on October 4th to make a major announcement. We have been putting information on The List since July and perhaps some have seen this as " the writing on the wall." BSB Still Doing Business "As Usual" ( note: BSB is owed by Unicapital ) I saw the post on UniCapital. I am not directly aware of the situation with UniCapital Corporate or with the funding situations at other UniCapital subsidiaries. I would like our customers to know that all current approvals and new approvals with BSB Leasing will fund with our 3rd party sources. We are not in any danger of our deals "not funding" because we no longer have any approved backlog at UniCapital waiting to fund. We took a proactive stance about 60 days ago and syndicated all approved backlog and all "new" business with our 3rd party sources. Don
Don Myerson dmyerson@unicapitalcorp.com Bancorp Financial Services, Sacramento, California
Hello Kit; I'm sure you and I have met on a few different occasions and I want to pass along congratulations on the success of your newsletter. I was formerly a vice-president with Heritage Financial Services in Rancho Cordova Prior to Oren Hall selling his interest to First Sierra. I am now the executive vice-president and chief operating officer of Bancorp Financial Services in Sacramento, California. The reason for this email is to make sure your readers don't confuse our company with The Bancorp Group in the midwest that you wrote about in your September 5th article "The Bancorp Group joins the list" Our company here in Sacramento (Bancorp Financial Services, Inc.) is thriving with assets reaching over 250 million. This email is certainly not to boast about the success of our company, but simply to ask that your readers don't confuse the two companies. If you would, please email me back with your comments and if you would, clear up any confusion that may exist. Once again, congratulations on your newsletter and thanks for your assistance.
Doug Rees. ( P.S. This company is also added to the list as they were recently acquired by Humboldt Bank of Eureka, Californa, according to a very reliable source--editor )
The List "It is merely an informal recap of major changes. Those major changes
may not necessarily be adverse changes, as when a leasing company that is struggling
for funding is acquired by a major bank...It merely puts lease brokers and small
leasing companies on alert that there may be some policy changes at their funding
sources." 43 Leasing Companies Major Changes
American Business Leasing ( gone ) BULLETIN BOARD ( These are postings for informational purposes. Any response, correction, addition, will be posted. We reserve the right to edit or delete any opinion that is not in good taste or is outright derogatory).
Martin Barteske Complaint about Leasing
News Bulletin Board 10/02/2000 Martin Barteske Complaint about Leasing News Bulletin Board I have been in the leasing industry since 1988 and the CEO of LeaseCapital for 5 years. Recently it was requested of me to review certain articles and comments listed in this forum. I have done so and find it extremely unsettling that most of the comments are nothing more than opinions and a venting of frustrations distorted to appear legitimate and meaningful while disguised to look like NEWS. In fact much of the subject matter is nothing more than pure slander being perpetrated upon innocent companies in a blind side-like manner and they don't even see the punch coming. Opinions are like butts, everyone has one. However, to air a private complaint, that may or may not be substantiated or verifiable in fact or in law, is cowardly and patently unfair of the accuser. I see little if any accountability offered by any of the forum participants and fail to see what good could possibly come of such a slanderous medium. Now, having said that, I must say that the concept offered by this forum can be quite useful, not to mention interesting in an "Enquirer" sort of way. My personal preference would be to force accountability upon the those listing their comments and opinions. Reputations are built over time, sweat and generally quite a bit of money. They can be very quickly destroyed with little effort and no money at all! Kit, your reputation rides on your ability to ride shotgun on these loose canons.
Martin Barteske, CEO ( Before any posting is ut on line, they are "screened," and all parties are called, often several times, for their side of the "story." More than 50% of the e-mail sent in are not posted, as many are "civil complaints," but we have tried to help all, referring some to attorneys, getting some commissions paid, or the funder to resolve the matter, or situation explained and resolved. The main purpose is to post "warnings" to others. And just like a marriage, there are always at least two sides to a dispute.---editor ) BSB Leasing Complaint Hello Kit - After reading your note from BSB LEASING, I found myself unable to sit still and not submit this to you. At this moment I do not desire to get this too complicated ~ however, I do wish to put on record in your newsletter, that some folks in the leasing industry speak from several sides of their mouth. I have worked hard to quietly maintain dignity, integrity and decorum in this industry since I started in it in 1979. Over the last two years, I have had clients contacted directly by BSB LEASING in Denver, and other 'competitors' salespersons or account persons or whatever politically correct title they wish to have assigned to them - In any event, MY clients have been told, upon being telephoned by before mentioned competitors that LJR LEASING was "OUT OF BUSINESS" when my dear clientele inquired of my where-abouts. And, by the way, these competitors somehow managed to access private client data from some of the largest DIRECT LENDERS there are. Just wanted to make myself heard.
thanks.
We have never had Lori or LJR Leasing as a broker with BSB Leasing. I challenge
her to show how we could have contacted her customers when we have never dealt
with her. We do have in house sales people that compete for business with the
leasing world but our broker side acts as a separate unit and no information is
shared. If she did do business with us she would know how honorable a company
BSB Leasing is. Please feel free to give her my phone number. I would be more
than happy to talk with her about it. We have been in business for close to 20
years, funded almost 400 million dollars in leases, dealt with almost 400 brokers,
if we were stealing brokers customers I think it would have surfaced by now at
NAELB or UAEL. If you check the record we have never had a single complaint in
our history.
My vendors and clients, tho fewer in number than BSB I'm sure, have remained loyal
to my service thru these nearly 17 years, knowing that I did not engage in the
oft-engaged practice of deception or other abominable behavior to earn my living.
Leasing Network Purchase Option Problems Bruce
Zwillinger, BSB, cuts off Universal Capital Service Universal
Capital Services Parker
Leasing Dodson
Group - Delivery Charge Universal
Finance / Universal Manufacturing Universal
Capital Metropolitan
Mortgage Metropolitan Mortgage and Sec in Washington had a division that funded
the lesser credits. Well they have stopped and are not honoring their approvals
if they don't already have signed docs. This was told to me by a broker in Arizona
who has 10 deals sitting with them and she is now scrambling to replace them.
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