At the end of 2002 the Eastern Association of Equipment Lessors

 had 216 members.

 

2000---240

2001---228

2002---216

 

 

 

The Eastern Association of Equipment Lessors is a trade association for

entrepreneurial leasing companies, banks, brokers and their services firms.

 

As of June 30 EAEL had 202 members:

 

132     Lessor/Broker

 29     Funding Sources

 18     Service Providers  

 23     Attorneys

 

 

Last June EAEL had 213 members, and the end of the year, 2001: 228 members.

 

This is not uncommon due the economic times, including mergers,

acquisitions, and failure of many large leasing companies.

 

EAEL is primarily a regional association with 67% in the Northeast (NY, NJ,

MA, CT), an additional 5% in PA and MD, and the remainder in 25 states and

Puerto Rico.

 

One important distinction in EAEL membership recruitment is that they do not solicit Brokers/ Lessors west of the Mississippi River.

 

Members share information, have a close bond, often join other leasing

associations in joint conferences.

 

There has been talk for years that this association would merge with

another, but there is a closeness among members that would be lost, and as

important, the membership dues overall are the lowest of the other three

leasing organization who would be their suitors.

 

ELA has not raised their membership dues:

 

$300.00 FULL MEMBERSHIP (less than 3 employees)

$600.00 FULL MEMBERSHIP (less than 50 Employees)

$800.00 FULL MEMBERSHIP (more than 50 Employees)

$800.00 FULL MEMBERSHIP (funding source)

$800.00 SERVICE MEMBERSHIP (attorneys, accountants, etc.)

 

 

Many of their members now belong to other leasing associations, as is common in the industry, especially for funders and those companies with business

across the United States.