Cooperative Processing Resources
(CPR) was formed by a group of credit counseling agencies in September
1994 creating a cohesive unit that has collectively built the best credit
counseling software system possible to meet the needs of clients, staff
and creditors. The evolution of the Debt Management System (DMS) has been
20 years in the making and was built with ideas, contributions and success
stories from all of CPR's members. CPR was established as a Texas cooperative
association. The cooperative's mandate is to provide quality technology-based
products and services that enhance each member's ability to provide optimal
service to both consumers and creditors alike. Currently the cooperative
has 54 credit counseling agencies in the United States, Puerto Rico, Canada
and United Kingdom, running the Debt Management System software. We operate
under Subchapter T of the IRS code and corresponding Texas statutes operating
on a break-even basis, with our members, controlling the costs.
CPR is viewed as a true partner to our membership, providing a unique
and total software solution. CPR offers software design, enhancements,
new programming requirements, maintenance and technical support services.
The membership controls the type of software products and services they
want to use in their organizations. When creditors make changes to their
programming requirements, CPR is quick to react by providing these immediate
changes without additional fees so our members can meet the new requirements. CPR continues to step up to the challenges of the ever-changing industry
demands of creditors and the complex environment in which we operate daily.
There is no other software vendor in the market today that is structured
as CPR. Our members decide what products they want, when they want them
delivered and how they want those products to work.
members -- working together to keep their costs managed and controlled.
Because CPR is a member-owned company, a major goal
of ours is to reduce the operating expenses of member agencies. Providing
the lowest prices on the products and services that CPR offers, our pricing
simply recovers the cost of doing business and provides adequate reserves
to respond effectively to member requests. We recognize how creditor fair
share cuts have adversely affected our members' budget, and how difficult
it is to justify investing in new technology when you are not sure what
the average fair share rate will be next month. Now, this is exactly when
you need to make these investments.
Membership Qualifications and Requirements
Members of CPR must be debt management counseling agencies
that are organized and qualified as nonprofit under the Internal Revenue
Code 501 (c)(3). Other qualifications include: current permits and licenses
as required by applicable State and Federal laws, and evidence of an annual
certified audit by an independent CPA. Additionally, the cooperative's
requirements for membership include:
- A Subscription Agreement and Software License Agreement with the Cooperative
- An unpaid board of directors fitting specific criteria as defined
in the CPR bylaws
- The use of a reasonable percentage of annual operating expenses on
educational programs for the community
CPR is more than a software vendor, we are a partner
to our members! We would like you to be a part of the Cooperative!