The recovery arm of PSCU, CU Recovery, has been renamed TriVerity and will serve as a full-service collections’ agency, according to a press release emailed to PYMNTS.
TriVerity is a name that “embodies the mission and core values of the organization.” The new name also reflects the joint cooperation of teams from PSCU and CU Recovery. “Tri” speaks to third-party collections, according to the release. “Verity” refers to a true principle or belief of fundamental importance.
Launched over 30 years ago under its previous name, TriVerity is a full-service collection agency and specializes in helping financial institution account holders resolve debts. The firm specializes in managing non-performing and charged-off loans and offers a full suite of third-party collection services. The company had a record-breaking month in March, 2021, for recoveries, collecting over $3 million in charged-off debt for the more than 850 financial institution clients it serves.
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Philip DiGiovanni, Regional Vice President