HS Financial Group Wins Award for Federal Subcontracting Performance

COLLINGSWOOD, N.J. –  HS Financial Group, LLC (HSF) and Fed Cetera are pleased to announce that HSF has won Fed Cetera’s Robert J. Prince Award for outstanding performance as a subcontractor on the Department of Education’s (ED) Private Collection Agency (PCA) contract.

The award is given by Fed Cetera to a small business subcontractor whose exceptional performance, provided in a compliant manner, has had a substantial impact on performance among Federal small business subcontractors in the previous year. Working for ED PCA GC Services Limited Partnership since 2011, HSF displayed outstanding performance across the board in 2015, earning the company this honor for 2016.

“HS Financial Group is honored to be the recipient of this year’s Robert J. Prince Award.  This award was established in the name of Mr. Prince, a pioneer and visionary who left an indelibly positive mark on our industry,” said Tim Sullivan, President of HSF. “We are very fortunate to partner with GC Services. With a long history of exceptional client service and doing business the right way, they are one of the country’s leading business process outsourcing providers.  Without GC’s guidance and mentorship this award would not have been possible.”

HSF is currently one of only a handful of small businesses still receiving new business as a subcontractor on an unrestricted ED task order that started in 2009.  At the end of February, ED accepted proposals from offerors seeking PCA awards that should result in new contracts later this year.

Tim Sullivan (center, with award) surrounded by team members

Fed Cetera is a “business development organization” under 48 CFR 52.219-9 that PCAs contact when subcontracting opportunities are available in order to be fully compliant with Federal regulations requiring outreach to various sources of potential subcontractors.  The company maintains a source list of more than fifty qualified small collection firms, regularly markets to the PCA community, and provides advisory services around business development and compliance to firms operating in the federal market place.

“We are pleased to have helped the two companies find one another back in 2011,” said Leah Wilson Conger of Fed Cetera, continuing, “Particularly because GC Services and HSF are companies that continue to perform so well while following all relevant regulations. We look forward to continuing to be a resource for both prime contractors and subcontractors in the years ahead to help all parties fully understand all the rules and requirements around this important part of the PCA task orders.”

Mr. Prince spent his entire career in the collection industry, with emphasis on the student loan segment.  His career started in 1969, and included long stints with companies to include Financial Collection Agencies and NCO Financial Systems prior to spending the last several years as a consultant before his retirement in 2012.  He now enjoys golfing, carpentry, and painting, lives in suburban Philadelphia, PA, and serves on the board of several organizations that advocate for the rights of individuals with intellectual and physical disabilities.

About HS Financial Group

HS Financial Group and its affiliated law firm are performance-driven, certified Veteran-Owned Small Businesses that have earned a reputation for Professional, Ethical, and Excellent debt collection services. Based in Cleveland, Ohio, HS Financial Group provides fully-integrated accounts receivable management solutions to a variety of businesses, higher education institutions, and government entities.  Since 2000, our team of collection professionals has delivered superior service to our clients.  We strive for quick and efficient recovery of your delinquent accounts and we maintain a personal working relationship with every client, and will do the same with you.  Click here to learn more.

About Fed Cetera

Fed Cetera helps companies in the collection industry pursue opportunities with the Federal government.  Federal PCAs have strong incentives to give a portion of their core collections work to qualified small businesses.  Companies working with Fed Cetera to pursue subcontracting opportunities recently surpassed $50,000,000 in total billings for their work provided as subcontractors to ED PCAs. Click here to learn more.