Press Kit & Facts
Below is an overview of who CBE Companies is and some quick facts for a snapshot overview.
For more information, review our About section.
CBE Companies has been in the credit information and accounts receivable management business since 1933. The company serves a variety of organizations throughout the United States, including guaranty agencies, colleges and universities, healthcare organizations, financial institutions, satellite and telecommunications companies, government agencies and utilities.
Founded as Credit Bureau of Black Hawk County
Name change to Credit Bureau of Waterloo
Acquired Credit Bureau of Cedar Falls and becomes Credit Bureau of Waterloo-Cedar Falls
Expansion throughout the Midwest
Thomas R. Penaluna purchased the company and still serves as the President/CEO and owner
Opened West Des Moines, Iowa location.
Credit Bureau of Waterloo-Cedar Falls incorporates and becomes Credit Bureau Enterprises, Inc. (CBE)
The company diversifies its service offerings and becomes The CBE Group, Inc.
CBE Group sold its credit reporting division to Equifax to focus on debt recovery.
CBE Group opened its dedicated government services location
CBE Group celebrated 75 years in business
CBE Group introduced a new corporate brand and tagline
CBE Group moved its corporate headquarters to a new, larger facility in Cedar Falls, IA
CBE Group opened its Waterloo, IA location
CBE Companies was created as the new parent company in a restructuring initiative.
CBE Companies opened its second Waterloo, IA location
CBE Companies opened its New Braunfels, TX location
Thomas R. Penaluna, Chairman
Chad Benson, President and Executive Officer
Total headcount: Over 1,300
Cedar Falls and Waterloo, Iowa
New Braunfels, Texas
Metro Manila, Philippines