CU Collections Taps ARA as Vendor of Choice

Thanks to its recovery management software, American Recovery Association leadership recently revealed national credit union service organization CU Collections chose ARA as its vendor of choice.

Officials recapped that CU Collections, headquartered in Manassas, Va., helps credit unions create efficient and affordable collections programs to assist credit unions reduce or eliminate the costs of in-house collection efforts.

The company currently has 20 clients and will begin assigning accounts to ARA members.

ARA pointed out it’s the only association in the recovery industry with its own recovery software. The integrated recovery management software can link lenders with recovery agents through the Internet for real-time communication and allows clients a way to improve how they communicate and conduct business.

Furthermore, clients can utilize this technology to send assignments and view updates, condition reports and invoices on all accounts directly through ARA’s website.

“CU Collections recognizes the professionalism of ARA and we are excited about this partnership,” stated Ken deMello, chief executive officer of CU Collections.

“We look forward to using ARA members in our program,” deMello continued.

ARA president Mary Jane Hogan added, “ARA and its members are honored to be chosen by CU Collections.

“Our members strive for the highest integrity and with our recovery management software, we are eager to provide outstanding work for CU Collections,” Hogan concluded.