PSCU CU recovery has a new name: TriVerity

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CU Recovery, a payment PSCU company based in St. Petersburg, Florida, is now known as TriVerity.

The new name “embodies the mission and core values ​​of the organization,” according to PSCU, with “Tri” referring to third-party collections and “Verity” representing a true principle or belief of fundamental importance. A team of representatives from PSCU and CU Recovery chose the name after the completion of a rebranding process, PSCU said.

“Although the brand identity has changed, our mission, our core values ​​and our commitment to our customers remain the same. As we continue to navigate an unpredictable economic landscape, we want financial institutions and their account holders to know they can trust us now and in the future, ”said Jack Lynch, Chief Risk Officer at PSCU and president of TriVerity. “The transformation really reflects what the brand stands for: trust. Transparency. Together.”

TriVerity, a full-service collection agency, has worked with over 2,700 credit unions since 1990 to manage non-performing and written-off loans with a menu of third-party collection services. According to PSCU, TriVerity had a record month of collections for its more than 850 current financial institutions as customers collecting more than $ 3 million in written off debts in March. In addition to TriVerity, PSCU’s Loan Service Center provides staffing solutions to collection departments of financial institutions to minimize losses on their portfolio of overdue active loans.

Also in March of this year, TriVerity and the Loan Service Center partnered with Allied Solutions, offering their services to clients of the insurance, loan and marketing company based in Carmel, India. The news was followed by an announcement in June that TriVerity customers would begin using technology from DCM Services, a Minneapolis-based company that processes bankruptcy and probate applications.

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