WARREN, Mich. – EXTRA CU has sold its $16-million credit card portfolio to TMG Financial Services.
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Under the agent-issuer agreement TMG Financial will manage the credit union’s card program on an ongoing basis.
“This is a great opportunity for our members to receive a credit card that puts their financial well-being first while continuing to honor our commitment to quality, convenience and value-added products and services,” said Deidra Williams, president of the $200-million credit union.
TMG Financial, an affiliate of Des Moines, Iowa-based The Members Group, currently has 60,000 accounts and more than $123 million in assets under management.
