Pioneer Credit Recovery has been ranked No. 1 by the U.S. Department of the Treasury Bureau of the Fiscal Service for the third quarter ended Sept. 30 on a contract to recover past-due accounts owed to government agencies.
Approximately $255 million in previously unpaid fees, fines, misused funds, overpayments and other debt wasreturned to the U.S. government as a result of Pioneer Credit's work for the government agency. The money, according to Pioneer Credit officials, provides revenue to fund public services that benefit taxpayers.
The company has been ranked as a top performer 28 times on three contracts, more than any other firm, according to company officials.
Pioneer is a subsidiary of Sallie Mae, the nations largest financial services company specializing in education. Sallie Maes collection companies, including Pioneer Credit Recovery, have recovered billions on behalf of taxpayers through multiple contracts with various government agencies and institutions.
Pioneer employs approximately 1,100 people in New York and supports more than 2,000 additional jobs in the Western New York region, driving an estimated $80 million in economic activity annually.
Nationally, Pioneer also conducts business from centers in New Jersey and Florida.
