Executive Change: Shawn Costanzo Promoted at Creditors Interchange to COO

Creditors Interchange Receivable Management, LLC is pleased to announce the appointment of Shawn Costanzo to the position of Chief Operating Officer.

Costanzo joined Creditors Interchange in 1998 as a Collections Specialist and has assumed positions of increasing responsibility over the years including his most recent role as Senior Vice President of Operations.  As COO, he will be responsible for all aspects of the Company’s operations and will be added to the Company’s Board of Directors.

Costanzo stated, “I am excited and honored for the opportunity to lead the collection and operation teams of Creditors Interchange.  Our strength lies in the amazing people we have here at CI and I look forward to working with them in growing our business.  I truly believe that our greatest days are ahead of us.”

Gary Holter, President & CEO since 2008, will be leaving Creditors after a short transition to pursue other business interests.

Bryan Daniels, Chairman of Creditors Interchange and Founding Partner of Prairie Capital, said, “Shawn has an in-depth understanding of the Company’s clients, employees and shareholders as well as a long record of achievement at Creditors.  I look forward to having him lead our team.”

Creditors Interchange is a full service, nationally licensed collections and accounts receivable management firm. Founded in 1960 as a collection agency, Creditors Interchange has grown to become one of the industry’s top privately held receivable management firms.  Creditors Interchange currently services the nation’s leading credit issuers, including banks and credit unions, credit card issuers, debt purchasers, auto lenders, student lenders and many other industries. Creditors Interchange offers national account coverage, providing full service collections, including skip tracing, letter series, and telephone demands, in accordance with all state and federal regulations regarding third party collections, dunning, privacy and credit reporting. Creditors Interchange is headquartered in Buffalo, New York.