Tag Archive

LAFCU’s Art Sookazian Named CU Times Trailblazer 40 Below Honoree

Published on January 27, 2017 By Cucolle1

FOR IMMEDIATE RELEASE Los Angeles, CA – December 19, 2016 – Art Sookazian, Vice President of Special Services at Los Angeles Federal Credit Union (LAFCU), was recently named one of the recipients of the Credit Union Times’ 2016 Trailblazers, 40 Below program, which annually recognizes young credit union executives who are creating innovative advances in […]

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

Published on November 18, 2016 By Cucolle1

FOR 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 […]

National Credit Union Collections Alliance (NCUCA) 2017 Conference

Published on November 15, 2016 By Cucolle1

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 […]

When Does and Independent Contractor Become an Employee?

Published on November 10, 2016 By Cucolle1

Guest Editorial There is a strange phenomenon occurring in the asset recovery industry consisting of deep client involvement in the repossession process related to the control and intrusion in the actual act of the repossession. For some reason the clients seem to be more involved with controlling the actions of the agent in the field […]

Come Celebrate CALR’s 54th Annual Convention!

Published on October 21, 2016 By Cucolle1

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. […]

Auto Delinquencies Continue to Climb

Published on October 3, 2016 By Cucolle1

Detroit, MI, 30 September 2016 – The delinquency rate on subprime auto loans rose in August, and a credit rating agency that monitors the market said the trend likely will continue through the rest of 2016 as prices of used cars continue to fall. The delinquency rate has been trending upward throughout 2016 and now approaches peak […]

Chris Becker Promoted to COO

Published on September 18, 2016 By Cucolle1

CU 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 […]

Changes to UCC Will Change Auto Lending Practices

Published on September 9, 2016 By Cucolle1

Guest Editorial The National Consumer Law Center (NCLC) is proposing major changes to article 9 of the Universal Commercial Code (UCC) which would materially affect consumer lending and how repossessions are done. If states adopt this latest proposed revision of the UCC, it would dramatically change repossession and lending practices and increase the potential for […]

Auto Loan Losses at Six Year High – Fitch Ratings

Published on September 6, 2016 By Cucolle1

Banks’ loan losses from car financing have risen to a six-year high, new figures show, as the patchy labour market and the mining slump causes more borrowers to fall behind on their payments. Fitch Ratings says the proportion of automobile loans that suffered a loss after lenders sought to repossess the vehicle rose to 0.62 per cent in the June […]

Double Digit Growth Expands Company

Published on August 30, 2016 By Cucolle1

Service Still the #1 Priority FOR IMMEDIATE RELEASE   WYOMING, MN – August 29, 2016 – CU Recovery, Inc. has been experiencing double digit growth since the beginning of the year. The Loan Service Center has doubled in size in the last 12 months and continues to grow at a record pace.   Read More!

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