Consumer Credit Counseling Service of Los Angeles --CCCS-LA-- Merges with Sister Northern California Agencies.Business Editors LOS ANGELES--(BUSINESS WIRE)--Dec. 29, 2003 As of December 31, 2003, CCCS-LA's merger with two sister Northern California Northern California, sometimes referred to as NorCal, is the northern portion of the U.S. state of California. The region contains the San Francisco Bay Area, the state capital, Sacramento; as well as the substantial natural beauty of the redwood forests, the northern agencies -- Consumer Credit Counseling Credit counseling (known in the United Kingdom as debt counselling) is a process offering education to consumers about how to avoid incurring debts that cannot be repaid. This process is actually more debt counseling than a function of credit education. Service of the Sacramento Valley The Sacramento Valley is the portion of the California Central Valley that lies to the north of the San Joaquin-Sacramento Delta in the U.S. state of California. It encompasses all or parts of ten counties. and Consumer Credit Counseling Service of Mid-Counties (Stockton), will become official. In a time of reduced funding support from the creditor community, the merger will enable the combined agencies to survive and thrive in an environment of constant change. For the time being, each CCCS CCCS Consumer Credit Counseling Service CCCS Colorado Community College System CCCS Core Curriculum Content Standards CCCS Calvary Chapel Christian School CCCS Current Controlled Current Source CCCS Corpus Christi Catholic School CCCS Call Centre Council of Singapore will retain use of their well-recognized and highly-respected names in each local area. A new board of directors, selected from the boards of the agencies participating in the merger, will oversee the direction of the new organization. "Improved cost-efficiencies gained from the merger will allow us to pass these savings on to our clients and future clients by keeping our costs and fees low," said Peter Lake, president/CEO of CCCS-LA. "By bringing the strengths of these agencies together, our clients will benefit from a broader range of quality services, updated technological systems and enhanced operational efficiency." With wider geographic coverage and diversification, an expanded client base, economies of scale and the opportunity to recognize and redesign re·de·sign tr.v. re·de·signed, re·de·sign·ing, re·de·signs To make a revision in the appearance or function of. re outdated out·dat·ed adj. Out-of-date; old-fashioned. outdated Adjective old-fashioned or obsolete Adj. 1. processes, the new agency will gain a competitive advantage. Peter Lake will be the president/CEO of the merged organization. Kathleen Stutts, former president/CEO of CCCS of the Sacramento Valley, will serve as the executive V.P. responsible for human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. , service quality assurance and client retention. Paul LaMarche, past president/CEO of CCCS of Mid-Counties, was named executive V.P. responsible for all counseling services, including housing-related counseling. David Bazart, formerly the COO of CCCS-LA, will continue in this capacity in the merged agency. "At CCCS-LA, we're looking forward to bringing new and enhanced solutions to common financial and procedural problems and forging new strategic partnerships with colleagues from our fellow agencies," Lake added. "We'll work hard to keep a local presence in each area, with special consideration to the continuation of in-person counseling and education in each geographic area, as well as a continual focus on top-notch customer service." Established in 1966, CCCS-LA is a non-profit organization A non-profit organization (abbreviated "NPO", also "non-profit" or "not-for-profit") is a legally constituted organization whose primary objective is to support or to actively engage in activities of public or private interest without any commercial or monetary profit purposes. dedicated to helping individuals and families learn how to prevent and solve financial difficulties. The organization offers personal finance education, confidential individual counseling, and the implementation of debt reduction plans. A Housing and Urban Development approved counseling agency, CCCS-LA also offers home pre-purchase counseling and education, reverse mortgage counseling, as well as default and foreclosure foreclosure Legal proceeding by which a borrower's rights to a mortgaged property may be extinguished if the borrower fails to live up to the obligations agreed to in the loan contract. prevention and intervention. Appointments for low-cost, confidential, debt counseling in person or by phone may be made by calling 800-750-2227. For more information, visit www.cccsla.org. |
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