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Illinois CUs offered re-po remarketing services

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NAPERVILLE, Ill. (6/16/10)--Illinois credit unions looking to efficiently sell their repossessed vehicles have a new solution to help shorten their resale cycle and compete against larger dealers in the marketplace, according to the Illinois Credit Union League. Creditors Resource Service (CRS) has signed an agreement with Strategic Remarketing Solutions (SRS) to provide recovery, remarketing and title services to credit unions. The partnership will help credit unions obtain more of a front-line position and remarket their vehicles on a more level playing field during a time when the number of repossessions remains high, the league said. As part of the Illinois Credit Union League Service Corp., CRS is a full-service collection agency that provides credit unions with turnkey collection services to reduce delinquencies and recover charge-offs.