Illinois League Subsidiary Envisant Acquires Recovery Management Group

NAPERVILLE, Ill.–Envisant, a CUSO of the Illinois Credit Union League, has acquired Recovery Management Group (RMG), a credit union-specific third party asset recovery service.

“The addition of RMG to Envisant charts a course for continued commitment to the credit union industry,” said Envisant in a statement, adding that the acquired company brings innovative technology and strategies that maximize recoveries to strengthen credit unions.

“Joining Envisant is a perfect fit for us,” said Greg Mills, CEO of Aventa Credit Union and previous co-owner and chairman of the RMG board. “Envisant creates a unique growth opportunity for our team to expand our services and cultivate a stronger network of credit union clients.”

Envisant said Creditors Resource Service (CRS), Envisant’s in-house collections team, has provided “competitively priced, complete, and comprehensive” collection facilities for credit unions since 1974.

‘Natural Cultural Fit’

“The combination of Envisant and RMG was a natural cultural fit,” said Libby Calderone, president/COO Envisant. “We are both dedicated to serving members while recognizing their unique circumstances; after all, a member in good standing improves the credit union’s bottom line while promoting strong member relationships.”

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