What happened to Pioneer Military Loans?

You may have tried going to the Pioneer Services website and noticed that it is now inaccessible. After 87 years of service, how could they just disappear into thin air? These are some questions you may have that this article will help you answer.

  • Who are Pioneer Services?
  • Are Pioneer Services and Pioneer Military Loans the same?
  • Who are they owned by?
  • Will Pioneer Military Loans be shut down?
  • Are they accepting new applicants?
  • When will they be closing down?
  • Why did they close down?
  • I have a loan with them, will I have to pay it back?
  • My Application was processing before they closed down. Will it be approved?
  • How this affects you.
  • How much was the bank sold for?
  • What are some alternatives to military personnel?
  • How can I access my Pioneer Loan account?
  • Whats the Pioneer Loan phone number?

Who are Pioneer Services?

After 87 years of fantastic service, we are sad to see that Pioneer Services, also known as Pioneer Military Loans, has shut down. They were a company that provided loans to active-duty members of the united states military. They offered loans to all branches of the military and also help veterans acquire loans as well. Pioneer Services also donated to many charities and military programs. The company won many awards including “Best Website – Banking and Financial Services” in the year 2013 and 2014.

Who was Pioneer Services owned by?

They were owned by MidCountry Bank a privately held, full-service community bank that began operations in 2003, retaining over $775 million in assets and deposits worth almost $570 million(These were the figures as at March 2019). This bank has over 13 branches located in Minnesota and another office located in Las Vegas. The president and present CEO of MidCountry Bank is Steve Meads. They specialize in Commercial Banking, Mortgage, Business Banking, Finance and Insurance, Agriculture, Leasing, Investments, and Personal Banking.

Pioneer Services became an accredited division of MidCountry Bank in 2006 although Pioneer Services has been in existence since 1932. Eighty-two years of service to the American active-duty Military staff and retired Veterans.

As of July 31, 2019, Pioneer Services is no longer providing new loans and all existing loans have been purchased by Systems & Services Technologies Inc.


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Are They Accepting New Applicants?

Pioneer Services who provided personal loans exclusively to members of the military will no longer be accepting new applications to offer loans to military personnel. They shut their doors on July 31st 2019 so no new loans were processed after that date. All loans existing prior to that date have been purchased by Systems & Services Technologies Inc. who is a Third-Party Servicing Company.

In 2020, Pioneer Services reemerged under the new company name, Pioneer Military Credit.

Why did Pioneer Services close down?

The Pioneer Services division closed down because its parent company, MidCountry Bank has made a deal selling this division to a holding company. Steve Meads says the deal will bring a lot of new opportunities to customers and team members of the organization. He says the company will now acquire a “committed source of local capital” and with the new “local relationships” the company has an opportunity to grow and expand in “market visibility and awareness.”

I have a loan with them, will I have to pay it back?

Military staff or veterans with loans are still required to pay back the loan they acquired. Pioneer Services may have closed down, but they sold their assets and loans to the investment holding company. The Systems & Services Technologies, Inc. (SST) has been servicing and emailing account information on how to pay back the loan to the email addresses used when taking the loan out. These emails contain information needed to set up personalized login information. Users who had authorized automatic withdrawals through ACH or allotment to pay back loans at Pioneer Services need not worry, the payment system information was transferred to the new system automatically.

Borrowers who used Western Union to make payments will now need to use the code city “SST” and code state of “MO” when sending new payments. Borrowers who would like to send a payment by mail will need to make payment payable to ‘Systems & Services Technologies, Inc.’ and mail the payment to the below address.

Please mail your payment to:

Systems & Services Technologies, Inc.
PO Box 5493
Carol Stream, IL, 60197-5493

Customer Service Address:

Systems & Services Technologies, Inc.
P.O. Box 3999
St. Joseph, MO 64503-0999

How can I access my Pioneer Loans account?

Step 1: Check your email for an email from SST.

Step 2: Visit www.accountinfo.com to set up online access.

Whats the Pioneer Services phone number?

Individuals with existing loans being serviced by SST can call 866-208-2110. SST will be glad to answer any and all questions you may have about your account. Individuals who have paid off their loans prior to 1 August, 2019 can access the information here or call 888-430-5176.

What are some lending alternatives for military members?

If you are wondering where Military personnel can apply for loans with the closure of Pioneer Services, we would suggest asking your bank about personal loans or looking into the personal loans offered by these alternatives.

  • Credible
  • PersonalLoans.com
  • Loans Under 36%
  • SuperMoney Lender Marketplace
  • MaxLoan365

SuperMoney Lender Marketplace: The SuperMoney Lender Marketplace helps you find your best loan offer from competing lenders with loans up to $100K. Their rates start from 4.99% APR. Checking rates won’t affect your credit score. Upon visiting their website supermoney.com, you can check your eligibility using their online tool.

While they offer loans for just about any purpose, they specialize in helping borrowers with credit scores above 640 with acquiring personal loans for debt consolidation, home improvement and medical purposes. 

Credible: Credible empowers consumers by bringing transparency and simplicity to the process of borrowing and refinancing debt. Borrowers can receive personalized, pre-qualified offers from multiple lenders across student loan refinancing, private student loans and personal loans in under two minutes. You can go directly to credible.com/personal-loan to get started with personal loans.

MaxLoan365: At MaxLoan365, you can make a request for a loan between $100 and $15,000. The amount of time you are given to repay your loan depends on the type of loan you are connected with. Installment loans are paid back over multiple payments, usually between 12 to 60 months. You can apply with MaxLon365 at maxloan365.com

PersonalLoans.com: At PersoanlLoans.com you can submit your information to be connected with a vast network of reputable lenders who compete to offer the best possible loan option. Their network offers loans up to $35,000.00. Apply is easy at PersoanlLoans.com.

Loans Under 36%: LoansUnder36 provides loans between $100 and $35,000 for any reason, whether it be to pay for a vehicle repair, home improvement expenses, or even a vacation. Let them know what you need by going to LoansUnder36.com.

LoansUnder36 has partnerships with large authorized lenders which allows them to cover almost all 50 states. If approved, the Loan may be received in as soon as the next business day from the privacy of your own home.

In Conclusion

Pioneer Services will no longer offer personal loans. If a personal loan is what you need you can compare the rates of some of the Top Personal Loan Lenders to find a loan that meets your needs. We will all miss Pioneer Services and thank them for the many years of excellent service. They exclusively catered to members of the military and veterans, ensuring that easy access to funds were available to the brave men and women who risk their lives to protect us.

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