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PSCU, a St. Petersburg, Fla.-based payments CUSO, has added another resource to its collections business with the announcement Tuesday of a partnership with a Minneapolis company that deals with bankruptcy and probate claims.

DCM Services’ technology will now be used by CU Recovery, a PSCU subsidiary and full-service collection agency that manages non-performing and charged-off loans with a menu of third-party collection services. Its Loan Service Center provides first-party collection services designed to minimize loan losses by managing early-stage delinquencies. The center’s agents work under the direction of credit union collection departments to follow their procedures. They also can employ the center’s spectrum of collection resources and training programs to help credit unions manage and mitigate loan delinquency rates.

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Jim DuPlessis

A journalist for decades.

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