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Pioneer Credit Recovery Recognized for Superior Employee Training and Development

   Western New York-Based Company Named to 'Training Top 125' by Training
                                  Magazine

    ARCADE, N.Y., March 8 /PRNewswire/ -- Western New York based
receivables management company and Sallie Mae subsidiary Pioneer Credit
Recovery today announced that it has been named one of Training Magazine's
"Training Top 125" for 2007. The award is considered the most elite ranking
among Fortune 500 companies for training and learning development.
    "Training, compliance and security are top priorities at Pioneer Credit
Recovery," said Marty Mazur, Director of Learning and Development. "We have
a responsibility to our clients to develop a well-trained, competent and
confident workforce that achieves best-in-class business results. This
award is a tribute to the outstanding efforts of our entire training team
who continue to raise the bar and develop new programs so that all of our
employees receive the first-rate training they need to succeed."
    One of the distinguishing elements of Pioneer Credit's training program
noted by Training Magazine was the company's development and implementation
of their new hire training program, 'The Collector's Performance Edge.' The
superior training and development of new hires through the program has
increased the company's productivity and ability to ramp-up employment at
its locations throughout Western New York. The company has experienced
dramatic growth since 2001, expanding from one site with 300 employees to
seven sites with nearly 1,400 employees.
    The Training Top 125 is a ranking of organizations that excel at human
capital development, as determined each year by Training magazine. The
ranking process is based on a rigorous evaluation of quantitative and
qualitative data that assesses the quality and extent of training and
development programs provided to employees, the financial investment in
employee development, best practices and outstanding training initiatives,
and training effectiveness measurement. According to the magazine, there is
an enormous amount of investment, dedication, and commitment to learning
and development excellence within the Top 125 companies.
    Pioneer is the largest private-sector employer in Wyoming County and
has received numerous awards, including the Business First Best Places to
Work in Western New York, Better Business Bureau Torch Award for
Marketplace Ethics and the 2005 Wyoming County Business of the Year by the
Genesee, Livingston, Orleans, Wyoming (GLOW) Workforce Investment Board.
    Sallie Mae, the nation's leading saving- and paying-for-college company
acquired Pioneer in January 2002. Pioneer is an integral part of Sallie
Mae's Debt Management Solutions -- one of the nation's leading providers of
debt management services offering default prevention and debt recovery for
campus- based receivables and other consumer asset classes on both the
state and federal levels.
    Pioneer Credit Recovery: Founded in 1980, Pioneer Credit Recovery, Inc.
is a national leader in the collection industry, providing collection
services on defaulted debt. Headquartered in Western New York and employing
nearly 1,400 people, Pioneer partners with multiple state and federal
clients, including the U.S. Department of Education, and is the recipient
of many prestigious awards, including the Better Business Bureau Torch
Award for Marketplace Ethics. In continuously surpassing the competition,
Pioneer provides clients with quality results, experience, leadership and
technology, including state- of-the art infrastructure, telecommunications
and collections systems. Pioneer Credit Recovery is a wholly owned
subsidiary of Sallie Mae, the nation's leading provider of education
funding. SLM Corporation and its subsidiaries are not sponsored by or
agencies of the United States.


SOURCE Pioneer Credit Recovery




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Related links:
  • http://www.pioneer-credit.com
    CONTACT:
    Rick Castellano, +1-703-984-5535,
    Richard.Castellano@salliemae.com, for Pioneer Credit Recovery