Fairport, NY (November 13, 2008) – ELFA Chairman and First American CEO William Verhelle addressed ELFA membership in the 2008 Report of ELFA Chairman. The letter, which began the organization’s annual report, discussed the unprecedented changes taking place in the U.S. equipment finance market. It also addressed the increased importance of trade associations during periods of transition, the current mission of the ELFA, and future initiatives of the organization.