DALLAS – Resource One CU has signed with TNB Card Services to process its PIN and signature debit card programs and to develop a new credit card program for its members.
The $300 credit union sold its card portfolio five years ago and is now re-entering the card market as an issuer.
TNB will work with Resource One to create a number of credit card products to complement its current financial services offerings. For first-time cardholders, a "My Life My Money" branded card will be created, which will add to the credit union’s product portfolio targeting members in the 18-to-34 age range. A Resource One branded credit card will also be developed for the credit union’s general membership, plus an Executive Suite card targeting business members.
Resource One will move more than 40,000 debit cards to TNB’s processing platform in order to improve processing efficiency, increase revenue, and mitigate risk. TNB will handle back office functions, including disputes and chargebacks, as well as offer greater fraud protection.
TNB is a unit of credit union-owned Town North Bank.
