TNB Buys Five More CU Portfolios

DALLAS – TNB Card Services said yesterday it has purchased the credit card portfolios of five more credit unions in five states, and will be converting the cards at those credit unions to issuing agent programs. The credit union purchases were from: Central Florida Healthcare FCU, Plains Bell FCU, Wyandotte Community FCU, Arkansas Superior FCU and Richland FCU. That makes a total of 115 credit union portfolios acquired since TNB, a unit of credit union-owned Town North Bank, began buying them in 2002.

Processing Content

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER
Load More