American Recovery Association Chosen as Vendor of Choice by CU Collections

Press Release

Recovery Management Software Will Aid in Providing Efficiency to Credit Union Organization

Dallas, TX – November 30, 2011, American Recovery Association, Inc. (ARA), the world’s largest association of recovery and remarketing professionals, is proud to announce CU Collections, a national credit union service organization, has chosen the association with its recovery management software as their vendor of choice.

CU Collections, headquartered in Manassas, Virginia, helps credit unions create efficient and affordable collections programs to help credit unions reduce or eliminate the costs of in-house collection efforts. The company currently has 20 clients and will begin assigning accounts to ARA members.

“CU Collections recognizes the professionalism of ARA and we are excited about this partnership,” said Ken deMello, CEO of CU Collections. “We look forward to using ARA members in our program.”

ARA is the only association in the recovery industry with its own recovery software. The integrated recovery management software links lenders with recovery agents through the Internet for real-time communication and allows clients a way to improve how they communicate and conduct business. Clients can utilize this technology to send assignments and view updates, condition reports and invoices on all accounts directly through ARA’s website.

“ARA and its members are honored to be chosen by CU Collections,” said Mary Jane Hogan, President of ARA. “Our members strive for the highest integrity and with our recovery management software, we are eager to provide outstanding work for CU Collections.”

About American Recovery Association
American Recovery Association, Inc. (ARA) is the world’s largest organization of professional finance adjusters and certified recovery specialists. ARA members specialize in locating and repossessing collateral on behalf of lending institutions including banks, savings institutions, finance companies, credit unions, rental/leasing companies, and auto, truck and equipment dealers. ARA members serve 27,000 national and international cities. All members are certified, independent business operators. For more information, call 972.755.4755 or go to www.repo.org.

 

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