CU Recovery Awards $5,000 in Collection Academy Scholarships; Recipients will Share Entries at Conference

Wyoming, MN – CU Recovery, the #1 collection resource for credit unions, is pleased to announce the award of $5,000 in tuition scholarships to its Fall 2015 Collection Academy.  Five scholarships were awarded to small, medium and large credit unions based on their submission about changes that were implemented in their collection department or credit union, that produced significant results.  Recipients will present their ideas and results at the Collection Academy during the Peer to Peer discussions.

Wendy Elieff, Vice President of Sales and Service, stated: “I was very pleased to see the innovative ideas that credit unions have implemented to create a more effective workplace. They were perfect examples of the credit union philosophy of ‘people helping people’. ”

Scholarship winners:
James St. Aubin, Community Alliance Credit Union – Dearborn, MI
    Empowering Employees with Flexible Schedules

Richard Davis, Minuteman Credit Union – Rapid City, SD
    Changing Workplace Culture with Shared Experiences

Stephanie Fredrickson, Members Cooperative Credit Union – Cloquet, MN
    Identifying Obstacles & Empowering Staff Through LEAN Training

Shonna Swartz, Premier Credit Union – Des Moines, IA
    Limiting Exposure During Growth via Special Savings Account

Jay Stevens, GCS Credit Union – Granite City, IL
    Challenging Old School Collection Philosophy & Make it Fun to Stay Sane

The recipients’ reaction to winning the scholarship was excitement to share their successful ideas with other credit unions.   Stephanie Fredrickson from Members Cooperative Credit Union said “I was thrilled to find out I was selected to receive a scholarship to the academy!  I’m very excited to hear what others have to share and just as excited to share information on a tool we use ourselves at MCCU.”

##

About CU Recovery & the Loan Service Center

Serving over 2500 credit union since 1990 CU Recovery, Inc. is a full service collection agency, working exclusively for credit unions, dedicated to maximizing recoveries on charged off loans. The Loan Service Center, Inc. provides staffing solutions for credit union collection departments to minimize losses on their delinquent active loan portfolio. The CU Recovery Collection Academy is held in October of each year and is a resource for continuing education to assure the success of Credit Union collection departments in meeting their member service and delinquency reduction goals. For more information: www.curecovery.com