TNB Purchases Four More Card Portfolios
DALLAS - Four credit unions in three states have sold their card portfolios to TNB Card Services, the card processing arm of credit union-owned Town North Bank. The four credit unions are the $220 million Great Plains FCU, headquartered in Joplin, Missouri; the $44.5 million SourceOne FCU, headquartered in Brooklyn Center, Minnesota; the $40 million Hereford Texas FCU and the $7 million Thiokol Ordnance FCU in Marshal, Texas. TNB will continue to market the cards to CU members under an agent agreement. The purchase means TNB now owns more than 65 CU card portfolios, the firm said.