Iowa’s TMG Financial Services Goes To The Jersey Shore FCU

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DES MOINES, Iowa – TMG Financial Services said yesterday it purchased credit card portfolios from The Jersey Shore FCU and Community 1st CU.

The Northfield, N.J., and Ottumwa, Iowa, credit union portfolios represent more than 5,600 accounts and $11 million in receivables.

Since 2007, TMG Financial Services, which is owned by the Iowa CU League, has purchased more than 40 portfolios representing approximately 55,000 accounts and more than $110 million in assets under management.

 

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