Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
TNB Card Services acquires 4.4 million in card balances
DALLAS (1/8/08)--TNB Card Services has purchased the credit card portfolios of York County FCU, Sanford, Maine; and Tower CU, Wausau, Wis., adding $4.4 million in card balances to TNB’s portfolio. York County sold its portfolio to TNB to offer more products and a rewards program to members. The credit union has $159 million in assets. “By selling the portfolio, we can now offer a more attractive card product, including a Platinum card and rewards, which we don’t have today,” said Jim Nelson, York County CEO. Tower CU sold its portfolio, which reduced risk and reallocated staff resources to support more critical aspects of its operation, said Hal Osborn, Tower CEO. Tower has $45 million in assets. TNB is a provider of electronic payments and processing.


RSS print
News Now LiveWire
Are you going to be naughty or nice to your budget with holiday spending? http://t.co/FcN2YPxCIU
16 minutes ago
Did U miss the July @TheNCUA open meeting? Now a video recording is available on the agency’s website. Go here: http://t.co/cxGs2bkdKt
56 minutes ago
What about creating the Central Bank of #Bitcoin? via @ColoradoBizMag http://t.co/jNOGCxjEEt
1 hours ago
Mo. #creditunion house hosts summer caucus for state Dems #CUHouse @MCUA_news http://t.co/AoKth9ULDs
2 hours ago
La. #creditunion league launches new biz development council #NewsNow http://t.co/XTi6OFWS3Q
2 hours ago