Tag Archive

Strategic Growth Continues at CU Recovery, Inc. Business Development Department Expands for the 3rd year

Published on May 11, 2016 By Cucolle1

FOR IMMEDIATE RELEASE   WYOMING, MN; May 9, 2016.   CU Recovery, Inc. and the Loan Service Center, Inc., the leading full-service collection agency and collection staffing solution for credit unions, have named Chris Becker as their newest Business Development Representative. Chris will play an integral part in the continuation of the company’s growth and strategic expansion […]

Repossession Service Providers Operating in the New Era of Compliance

Published on May 10, 2016 By Cucolle1

PRESS RELEASE On April 13th 2012 the asset recovery industry started to undergo the largest transformation in it’s history, from a predominantly unregulated industry to one that is now federally regulated. This change was introduced with the creation of the CFPB and their impact on the auto finance industry.   Read More!

Developing World-Class Debt Collectors – Collection Education Scholarships Available

Published on March 17, 2016 By Cucolle1

FOR IMMEDIATE RELEASE Wyoming, MN – March 15, 2016 – Keeping debt collectors up-to-date with relevant practices is the secret of a successful collection department. With regulatory changes coming from every direction, it can be a challenge to keep staff informed. Now in its sixth year, the CU Recovery Collection Academy educational conference represents a […]

Are Creditors Liable for the Acts of Recovery Agents?

Published on February 24, 2016 By Cucolle1

Guest Editorial Even today many creditors will argue that they are not responsible for the acts of the collateral recovery specialists they hire to recover their defaulted collateral. Their argument, which the courts disagree with, is that the collateral recovery specialist is an “independent contractor” and therefore must assume the liability associated with the self-help […]

National Standardized Training and Safety Credentialing Program For Asset Recovery Agency Support Personnel

Published on February 12, 2016 By Cucolle1

PRESS RELEASE 02/11/2016 –The majority of lending institutions, under the scrutiny of the Consumer Financial Bureau, are required to use only third party service providers with proper compliance and training. In the late months of 2014 the members of the highly respected Eagle Group XX developed a standardized training and safety credentialing program specifically designed […]

National Credit Union Collections Alliance Announces 2nd Annual Conference March 16 – 18th, 2016 in Las Vegas

Published on February 10, 2016 By Cucolle1

FOR IMMEDIATE RELEASE Las Vegas, NV – December 30, 2015 – The National Credit Union Collections Alliance (NCUCA) is pleased to announce its 2nd annual conference to be held at the MGM Grand in Las Vegas, March 16 – 18th, 2016. The conference brings together over 200 attendees from credit union collections departments and senior […]

CU Recovery Announces Enhanced Import Capabilities Collection File Upload Easier

Published on February 4, 2016 By Cucolle1

FOR IMMEDIATE RELEASE   Wyoming, MN – February 2, 2016 – To improve the credit union collection file process, CU Recovery has implemented significant updates to its Secure Document Exchange. The advanced system characteristics provide an easier file transfer through an improved solution that includes enhancements to the export process. Additional fields to increase the accuracy […]

Eagle Group XX Releases “Industry Standard Repossession Agreement” To the Asset Recovery Industry

Published on November 24, 2015 By Cucolle1

PRESS RELEASE The members of Eagle Group XX have been working diligently on a project for the last six months to update the antiquated “Industry Standard Repossession Agreement” known affectionately as the “Industry Standard Contract”. Eagle Group XX members felt that changes were necessary in order to better meet the rigors and demands of today’s […]

Helping Credit Union Collection Departments Succeed with Educational Sessions & Open Floor Discussions

Published on November 19, 2015 By Cucolle1

FOR IMMEDIATE RELEASE Wyoming, MN – November 16, 2015 – CU Recovery’s 2015 Collection Academy was another successful exchange of ideas on how credit unions can increase effectiveness in their collection departments. The sold out crowd included participants from 55 credit unions representing 18 different states. Many credit unions sent several people to take advantage […]

Eagle Group XX Trains California Recovery Specialists

Published on November 17, 2015 By Cucolle1

PRESS RELEASE November 12, 2015 – Eagle Group XX Facilitator and Certified ACA Instructor, Ron L. Brown, conducted the Field Agent Compliance Training (FACT) credentialing program for attendees at the California Association of Licensed Repossessors (CALR) on Friday, October 30th in Sacramento California. The 53rd Annual CALR Convention was held at the Embassy Suites Sacramento […]

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