Starting a Repo Company – The Numbers Don’t Work!

Editorial

In March of 2017, my 16 years of employment with the credit union I had been working for, came to an end. The writing had been on the wall for a while, so it was disappointing, but not a complete surprise. The only question was, what next?

Plan B – My 19 year career in collections and banking started from my experience and contacts I had made way back with National Auto Recovery Bureau in San Jose as a Manager, where I had spent 4 of my 7 years in the industry. Having closely followed the repossession industry for all of these years, I saw opportunity in the “Boom Town” of Silicon Valley where I reside.

So, before jumping into the fray, I started doing the numbers.

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RISC to Acquire Recovery Compliance Solutions (RCS)

TAMPA, Fla., May 26, 2017 – Recovery Industry Services Company (RISC), the industry-leading provider of Collateral Recovery Training, Certification, and Compliance Solutions, today announced that it has signed a definitive agreement to acquire Recovery Compliance Solutions (RCS) in order to enhance its Vendor Vetting services as part of RISC’s overall compliance-related offering.

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Investing in the Industry CU Recovery Collection Academy Announces Scholarships Winners

FOR IMMEDIATE RELEASE

Wyoming, MN – May 23, 2017 – CU Recovery and The Loan Service Center, the #1 collection resource for credit unions, continues to be steadfast in their commitment to invest in the credit union industry by offering affordable collection education.  As part of that investment, scholarships for their Collection Academy are awarded to credit union employees based on their submission about the goals of their collection department and how their professional development would help achieve those goals.

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A Blast from The CALR Past!

The California Association of Licensed Repossessors (CALR) has been busy imaging all documents from the 1950’s to current. This includes Membership directories, CALR Newsletters, Board Meeting Minutes, Legislative changes and the CALR Laws Rules & Regulations booklets just to mention just a few.

The oldest document is from 1951 titled “Bureau of Private Investigators and Adjusters Rules and Regulations” This 8 page booklet talks about licensing.

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Developing World-Class Debt Collectors Collection Education Scholarships Available

FOR IMMEDIATE RELEASE

Wyoming, MN – March 7, 2017 – Keeping debt collectors up-to-date with fundamental resources and regulatory changes is one secret of a successful collection department.  With changes to the industry coming from every direction, it can be a challenge to keep staff informed.  Now in its seventh year, the CU Recovery Collection Academy educational conference represents a debt recovery strategy geared specifically toward reducing credit union delinquency.  CU Recovery shares its 25+ years of experience by presenting collection best practices, offering peer-to-peer networking opportunities, and speakers covering topics important to day-to-day operations.  The 2.5 day Academy curriculum is formulated from attendee feedback on topics that are essential to the health and success of credit union collection departments.

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NARS 2017 Early Bird Registration Ending Soon

July 26-27, 2017 –  Omni Mandalay Hotel at Las Colinas in Irving, Texas

 

NARS will be here before we know it, and there’s only one month left to take advantage of the special early bird registration discount. Get your tickets by February 28, 2017 to save 20% on the cost of registration-–don’t delay, register now!

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

cu_rcvry_montageFOR IMMEDIATE RELEASE

Wyoming, MN – November 16, 2016 – CU Recovery’s 2016 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 credit unions from around the country. Many sent several people to take advantage of the rich content found in 4 separate sessions and in open floor discussions with their peers.  Wendy Elieff, Vice President of Sales & Service, facilitated the 2 ½ day conference.  According to Elieff, the purpose of the conference was to “to share the wealth of knowledge that each credit union brings and with timely topics presented by experts in their respective fields.”  “Valuable time was spent exchanging ideas with peers and meeting the experts who conducted the sessions.” Wendy continued.

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National Credit Union Collections Alliance (NCUCA) 2017 Conference

ncuca_logo2lv_ncuca_2017

FOR IMMEDIATE RELEASE

DALLAS, Texas – November 14, 2016 – Registration has started for the 3rd annual National Credit Union Collections Alliance (NCUCA) for 2017. We are excited to see the lineup that we will have available and the topics that will be discussed. We will be kicking off our conference with Dan Berger NAFCU as a keynote speaker and finish the next day with Eric North discussing collection laws and bankruptcy.

The conference will be held at the Bellagio Resort in Las Vegas, Nevada, March 15 – 17, 2017. Last year we had attendees from all across the country, and this year we expect to have a larger participation. The conference focuses on national concerns and policy changes regarding the collection department for credit unions. It is a great time to network with credit unions across the country and to visit with some of the vendors that can assist credit unions.

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Come Celebrate CALR’s 54th Annual Convention!

calr_spkrs_10_21_16

Come Celebrate CALR’s 54th Annual Convention

October 27th- 29th 2016

Knott’s Berry Farm Hotel

Families and kids of all ages are welcome!

This is a special time of the month for Knott’s Halloween Scary Farm!

Limited supply of discounted Knott’s Scary Farm “Haunt” (night tickets) &  Theme park discounted (day) tickets are available at convention.

Seminar keynote speakers:  (*Includes certificate of attendance)

*Eric M. North – NorthLegal; Bankruptcy, NOI, Collections and Military lending act

*Ron Brown – Eagle Group XX; Compliance, Situational Awareness & Confrontational Avoidance

*Mike Reiter – HAR Inc.; Field Operations and Safety Training

Art Stein – Stein Financial; Investing & Retiring

Jerry Desmond – Desmond & Desmond; Legislation & Law updates from the state capitol (Sacramento)

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Chris Becker Promoted to COO

c_beckerCU Recovery & the Loan Service Center Expansion Continues

FOR IMMEDIATE RELEASE

WYOMING, MN – September 13, 2016 – Double digit growth over the last year has prompted CU Recovery and The Loan Service Center to add an additional layer of executive management. The newly created Chief Operating Officer position will help to ensure the companies continue on a path of healthy growth while maintaining their role as the #1 resource for credit union collection departments.

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