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TheStreet Open House

Pioneer Ranked Top Agency For Department Of The Treasury Contract

Pioneer Credit Recovery today announced it has been ranked first by the U.S. Department of the Treasury Bureau of the Fiscal Service for the July through September 2013 quarter on its contract to recover past-due obligations owed to government agencies. In all, the company has been ranked as the top performer 28 times on three contracts, more than any other firm.

Because of Pioneer’s work, $255 million in previously unpaid fees, fines, misused funds, overpayments, and other debt has been returned to the U.S. government, providing an important source of revenue to fund public services that benefit taxpayers.

Pioneer is a subsidiary of Sallie Mae, the nation’s No. 1 financial services company specializing in education. Sallie Mae’s family of collection companies, including Pioneer Credit Recovery, is one of the largest, most responsible, most compliant, and top performing collection operations in the country, having recovered billions on behalf of taxpayers through multiple contracts with various government agencies and institutions.

“It’s our privilege to work in partnership with the U.S. Department of the Treasury to help businesses and individuals meet their obligations, and to save money for all American taxpayers,” said Jack Frazier, vice president, Sallie Mae, and head of Pioneer.

In addition to being the top private sector employer in Wyoming County, Pioneer employs approximately 1,100 people in New York and supports over 2,000 additional jobs in the Western New York region, driving over $80 million in economic activity annually. Nationally, Pioneer also conducts business from centers in New Jersey and Florida.

Pioneer Credit Recovery: Founded in 1980, Pioneer Credit Recovery, Inc., is a national leader in credit recovery, providing collection services across a variety of asset classes. Headquartered in Western New York, Pioneer partners with multiple municipal, state and federal clients, including the U.S. Department of Education. In continuously surpassing the competition, Pioneer provides clients with quality results, experience, leadership and technology. The company is accredited by the Better Business Bureau with an A+ rating. Pioneer Credit Recovery is a wholly owned subsidiary of Sallie Mae, the nation’s No. 1 financial services company specializing in education. SLM Corporation and its subsidiaries are not sponsored by or agencies of the United States.



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