DALLAS - (01/04/05) -- TNB Card Services said it acquiredthe credit card portfolios of three more credit unions: 1stCommunity FCU, San Angelo, Texas, Rio Grande CU, Albuquerque, N.M.,and Corps of Engineers FCU, Fort Worth, Texas. TNB, a unit ofcredit union-owned Town North National Bank, will now manage thecard accounts under its agent issuer programs. The portfoliosconsisted of: 3,400 accounts with total balances of $6.5 millionfor 1st Community FCU; 1,000 accounts and $1.4 million in balancesfor Rio Grande CU; and 1,000 accounts and $1 million in balancesfor Corps of Engineers FCU.
Three More CUs Sell CardPortfolios
January 04, 2005, 1:00 a.m. EST 1 Min Read
