DES MOINES, Iowa (8/22/12)--Inc. magazine has recognized TMG Financial Services as one of the 500 fastest-growing companies in the nation.
Inc. ranked TMG Financial Services at number 340 on its 31st annual list of 500/5000 fastest growing, privately held companies.
TMG Financial Services is the portfolio purchasing, card issuing and investment credit union service organization affiliated with The Members Group, based in Des Moines, Iowa.
It purchases credit card portfolios from credit unions and then continues issuing the cards through agent-issuer programs with sellers and provides credit unions with investment opportunities in their portfolios.
To make Inc.'s list, companies had to have achieved a minimum of 770% in sales growth, TMG Financial Services said.
The Inc. 500's aggregate revenue is $15.7 billion, with a median three-year growth of 1,431%. The companies on this year's Inc. 500 employ more than 48,000 people and generated more than 40,000 jobs in the past three years, TMG Financial Services said.