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Envisant acquires Recovery Management Group

NAPERVILLE, IL (August 1, 2022) — Envisant, a leading credit union service provider, has acquired Recovery Management Group (RMG), a credit union specific third party asset recovery service. The addition of RMG to Envisant charts a course for continued commitment to the credit union industry.

RMG brings innovative technology and strategies that maximize recoveries to strengthen credit unions. “Joining Envisant is a perfect fit for us, “Greg Mills, CEO of Aventa Credit Union and previous co-owner and Chairman of the RMG board notes, “Envisant creates a unique growth opportunity for our team to expand our services and cultivate a stronger network of credit union clients.”

Creditors Resource Service (CRS), Envisant’s in-house collections team, has provided competitively priced, complete, and comprehensive collection facilities for credit unions since 1974. The comprehensive suite of collection services includes: pre-collection services, skip tracing, credit report service, repossessions, and bankruptcy representation. “The combination of Envisant and RMG was a natural cultural fit,” Libby Calderone, President/COO Envisant, “we are both dedicated to serving members while recognizing their unique circumstances; after all, a member in good standing improves the credit union’s bottom line while promoting strong member relationships.”

For the immediate future, operations will continue as they have. The organizations will continue to focus on their commitment to the credit union industry and the development of a robust growth plan to bolster Envisant’s mission to help credit unions achieve their vision.


About Envisant

Envisant® is a credit union service organization offering a wide array of products and services and is dedicated to helping credit unions achieve their vision. We bring experience and expertise to all areas of credit union service from card programs and customer service to education and legal advocacy. As part of the Illinois Credit Union System, Envisant is an experienced partner of the credit union movement itself. Our forward-thinking product strategy features credit and debit programs, pre-paid debit cards, portfolio development consulting, agent credit card programs, ATM services, and debt collection. We partner with more than 2,300 credit unions in 50 states. Get to know us at envisant.com.

Contacts

Melissa Vidito
Illinois Credit Union System
630-983-3400
melissa.vidito@envisant.com

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