The Equipment Leasing and Finance Association named seven industry leaders to the 2015 Class of the Equipment Finance Hall of Fame during the general sessions of the 54th ELFA Annual Convention in San Antonio, TX.

The official induction ceremony took place on October 24 at the chairman’s dinner preceding the ELFA Annual Convention. The 2015 inductees are:

• Ian J. Berg, who passed away in 2009. Berg was the founder of Copelco Financial Services Group and an innovator of healthcare, copier and high-tech leasing
• Joseph C. Lane
• P.A. (Paul) Larkins
• James D. McGrane (1954–2014)
• Bernard J. McKenna (1933–2010)
• William J. Montgomery, who founded Xerox Credit Corporation
• Henry B. Schoenfeld (1916–1976), who was the founder and first president of US Leasing, the first equipment leasing company

“We are thrilled to recognize the distinguished group of individuals who make up the 2015 Class of the Equipment Finance Hall of Fame,” said ELFA president and CEO William G. Sutton. “These industry pioneers have contributed so much to our industry and our association. Their accomplishments—from blazing new trails in equipment finance, to mentoring the next generation, to serving our association—leave a lasting legacy that will inspire generations to come.”

The ELFA Board of Directors established the Equipment Finance Hall of Fame in 2014 to annually recognize individuals who have made unique, significant or lasting contributions to the equipment finance industry throughout their careers.