Each year, the CLFP awards one recipient for the Cindy Spurdle Award of Excellence. This award is given to the CLFP member who, in their opinion, has contributed the most to the industry while representing the CLFP ideals.

Each year, ELFA designates one of its members for the Michael J. Fleming Distinguished Service Award, whom they feel has made significant contributions to both the Equipment Leasing and Finance Association and the industry as a whole.