[1] The post-war era of the 1920s saw a dynamic growth of business across Canada where an increased need for credit management arose.

By December 1927, an application was made to Canada to formally incorporate and recognize the Institute as a non-profit professional association.

On June 11, 1928, a Special Act of Parliament (Chapter 76 of the Statutes of Canada, 18–19 George V, Part 2) was passed, and the Canadian Credit Institute was born.

In order to stay active, members must participate in and report to CIC's professional development program.

The CCIEF's mandate is furthering credit education and making sure it is accessible to individuals across Canada with program content that is current, professional and valuable.