Miles K. Beacom Joins ReliaMax Board of Directors
Mr. Beacom brings thirty years of financial services experience to ReliaMax, the leading provider of education loan solutions
SIOUX FALLS, S.D., Feb. 18, 2015 /PRNewswire-USNewswire/ -- The Board of Directors of ReliaMax Holding Company elected Miles K. Beacom as board member at its November 2014 board meeting. ReliaMax is the leading insurer of private student loans provided by banks, credit unions and alternative lenders. Beacom joins Michael VanErdewyk, Dr. Arthur Laffer, James Rickards, Mark Tibbles, Brad Messerli, Dr. John VanErdewyk and Mark Payne.
"Miles' extensive expertise adds significant depth and breadth to our board at a time when the company is poised for expansive growth. He will provide valuable perspective which will aid ReliaMax in its mission to be the leading provider of education loan solutions," said Michael VanErdewyk, ReliaMax CEO and Chairman of the board. "ReliaMax will benefit from his proven track record and he will be an incredible asset to our team."
Mr. Beacom has served as President and Chief Executive Officer of PREMIER Bankcard since 1993. Under his leadership, PREMIER Bankcard has gone from serving 30,000 cardholders to more than 2.6 million customers nationwide, making the company the 12th largest issuer of credit cards in the country.
Commenting on his election, Miles Beacom said; "I recognize the unique and pioneering solutions that ReliaMax is bringing to market. As a visionary organization, ReliaMax is offering a technology and analytics based total solution including origination, servicing and insurance to the private student loan industry and I am very excited to be a part of this enterprise."
With over 30 years of credit card industry experience, Beacom has served in a variety of management positions with other financial institutions. He currently serves on the Board of Directors for PREMIER Bankcard, LLC, First PREMIER Bank, United National Corporation, The South Dakota Hall of Fame, Catholic Diocese of Eastern South Dakota, Sioux Falls Catholic Schools Systems, Lamb Radio and the Dakota State University Foundation.
About ReliaMax
ReliaMax is the only company to offer a complete private student loan solution including origination, servicing and insurance. Comprised of highly experienced industry veterans, ReliaMax offers a technology and data-driven analytics solution that enables lenders to offer a secure solution to student borrowers. With a history of financial stability, based on more than 25 years of data including $14 billion in private student loans, ReliaMax has insured loans issued by more than 400 financial institutions to students attending colleges and universities in all 50 states.
SOURCE ReliaMax
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