ELGIN, Ill. – Lending Solutions Inc. (LSI) announced it has signed 12 new credit union clients for its collections outsourcing and payment reminder collections programs. Among the CUs signing on are Meijer Credit Union in Michigan, Steel Valley FCU in Ohio, Heritage Grove FCU in Oregon, Fitzsimons Community FCU in Colorado, and Coors Credit Union in Colorado.
LSI reported it has assisted hundreds of credit unions with collections since 1996 and serves institutions of all sizes ranging in assets from $10 million to over $3.5 billion. The company said it offers a complete full turn-key solution that could be uniquely customized to the needs of each individual credit union. Exclusive features of the service include:
- Uniquely tailored programs specific to a credit unions collections needs
- Dedicated agent to work exclusively with credit union members
- Real-time activity performed directly in the credit union collections platform
- Collections of all types of debt at nearly every stage of delinquency
- Payment Reminder program uniquely designed to proactively target delinquency before reporting
- Full service collection solution via partnership with Allied Solutions’ CenterPoint portal
- Customizable a-la-cart programs enables credit unions to outsource all or just a portion of a portfolio
“Our collection programs focuses on long term results while breaking member delinquency habits,” said Lee Kolquist, CEO of Lending Solutions. “We’ve assisted many credit unions over the years in reducing delinquencies in a cost-effective manner, whether collecting on all or just a portion of a portfolio. LSI has also been a great resource for credit unions that suffer from occasional staffing shortages.”