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Gila announces charge-off recovery collection services for CUs
AUSTIN, Texas (3/10/10)--Gila Corp., through its business unit Gila Group, announced that it has expanded its service offerings into charge-off recovery collection services. Gila Group’s contingency collection model is an alternative to selling debt, according to Jason Schmer, vice president of client development (VerticalNews.com March 6). Some credit unions, because of the poor economy, have experienced a declining net income and net worth. The absence of a recovery post charge-off impacts credit unions’ performance, Gila said. Gila Group was founded to manage collections for credit unions and financial institutions. The company offers outsourced collections, payment processing and call center services.


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