Credit Union Uses Location Alerts to Lower Charge-Offs and Find More Vehicles

IN 2020 ALONE, PMCU ESTIMATES IT SAVED 62%!

DRN Success Story

Partnership History: Premier Members Credit Union, based in Boulder, Colorado, began its partnership with DRN in 2017 after hearing success stories from other lenders. DRN’s Location Alerts tool quickly became an important piece in PMCU’s vehicle repossession process and one they relied on heavily as they expanded into other states. Since then, use of Location Alerts – part of DRN’s comprehensive DRNsights platform – has enabled PMCU to gain speed, ef­ficiency and accuracy when submitting vehicles for repossession. In fact, in 2020 alone, PMCU estimates it saved 62% – more than $500,000 – in potential charge-off­s.

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Credit Union Uses Location Alerts to Lower Charge-Offs and Find More Vehicles –  Digital Recognition Network