CU Recovery Experiencing Dynamic Growth
Expanded Markets Brings Relief to Credit Union Collection Departments
WYOMING, MN (June 25, 2013) With the opening and development of 3 new geographic markets over the last 3 months, CU Recovery, Inc. and The Loan Service Center, Inc., have seen a record breaking number of credit unions respond to their corporate message. The company’s strategic reorganization and the addition of an expansion model were created while core values underwent a retooling process. The strategy and values are simple but powerful: ‘credit union collection solutions, that’s all we do’. Having worked with over 2300 credit unions, nationwide, Wendy Elieff, Vice President of Sales & Service attributes the recent explosion of growth to “our ability to understand the uniqueness of credit union delinquency, and credit union member-focused philosophy”.
Credit Unions have felt the pressure of tightened regulations and more complex debt scenarios. Meeting the changing debt repayment demands require credit union collectors to have more specific skills to recover delinquency balances in a timely and efficient manner. Designed to bring relief to overtaxed credit union collection departments, CU Recovery has spent the past 2 years fine-tuning its business model and message to bring solutions that reflect the changes in industry needs. “The growth we are seeing today is a direct reflection of that effort” commented Wendy. “We have refined our ability to help credit unions get the most out of their delinquency with our staff, who bring exceptional value and experience,” Elieff continued. And, in spite of a complicated economic climate, Credit Unions have been turning to CU Recovery and The Loan Service Center for the solutions that they need.
About CU Recovery & the Loan Service Center
CU Recovery is the #1 collection solution for credit unions. Serving the industry since 1990, CU Recovery, Inc. is a full service collection agency dedicated to maximizing recoveries on charged off loans. The Loan Service Center, Inc. provides staffing solutions for credit union collection departments to minimize losses on their active delinquent loan portfolio. The combination creates a comprehensive suite of services exclusively for credit unions.