It was an exquisite June afternoon at the Sheraton San Diego Hotel & Marina where 514 repossessors from all across the nation converged into what was hailed as the industry event of the year! Additionally, several dozen industry vendors stood at their booths ready to offer goods and services. The event kicked off socializing with old friends and networking with the 50 plus clients that were present. They ranged from Prime to Subprime, Credit Unions and Buy Here Pay Here’s.
Los Angeles – 24 March 2017 – On March 15–17, 2017, the 3rd Annual National Credit Union Collections Alliance (NCUCA) was held at the Bellagio in Las Vegas and was attended by over 230 attendees from 130 credit unions and 26 states. Of these attendees, 95% are in collections management. This upstart event has grown exponentially year over year and is now the premier collections event for the credit union collections industry.
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.
RSIG requires members and most national client contracts require repossessors to have $1,000,000 in commercial auto coverage for scheduled vehicles or “owned-autos” a/k/a your tow trucks, spotter vehicles and camera cars. Repossessors have often tried to minimize insurance costs by just having a towing policy, which they believe covers repossession activities. And for years towers have used their towing policy to try to get into doing repossessions, without having the same coverages and costs associated with their policies.
Grandville, MI– February 2, 2017 – Loss Prevention Services, LLC, an industry leader in repossession and skip tracing services, announced today that it has chosen MBSi Corp. (MBSi) as its assignment and compliance management solution. Throughout this next year, LPS will transition their assignment management platform to Recovery Connect (RC), MBSi’s next generation assignment platform. In addition to adopting Recovery Connect, LPS has also chosen to adopt MBSi’s Compliance Made Easy (“CME”) suite of compliance platforms, as well as MBSi’s full vendor compliance management services. This decision allows LPS to integrate assignment and compliance management into one system. LPS and their clients will be provided with unprecedented transparency and analytics to create the best results in the most compliant environment available today.
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 the credit union industry. Because of the distinction, Art was featured in the November 30, 2016 issue of CU Times Magazine and CuTimes.com, which included a series of articles highlighting the recipients’ professional accomplishments. The special issue profiled Art’s most recent achievement of cutting loan delinquencies at the $882 million credit union by more than half. The article said Art spearheaded the use of automated reports to improve processes and reduce loan delinquencies from 1.57% to 0.37% over a period of 24 months.
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!
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.
November 16, 2016 – Recovery/Repossession businesses across the country recently received a letter from MBSi Corp.—telling these small business owners that they are REQUIRED to purchase and download MBSi’s newest evolution software and operating system, Recovery Connect. Failing to do this, the letter said, would discontinue the ability of the repossession company to do business with Santander Consumer USA, Inc. and Chrysler Capital. No, MBSi didn’t try to sell the use of Recovery Connect system… they DEMANDED that the system be purchased and used.
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.