A pair of Iowa CUSOs has made a million-dollar investment in a home-grown money transfer platform and plan to help the peer-to-peer service grow.
TMG Financial Services, the card portfolio purchasing and agent issuing subsidiary of The Members Group, will start an agent issued card portfolio for the Desjardins Bank of Florida.
FISHERS, Ind. -- The CU Water Cooler Symposium held Oct. 27-28 at FORUM Credit Union was not your average industry conference.
As the final pieces of the CARD Act have slid into place, the mainstream media have been touting this legislation as a win for consumers.
Citing changes in some long established economic patterns and the strengths of credit union cooperation, TMG Financial Services launched a finance CUSO that will help other CUSOs fund their operations, particularly their lending.
Building on its previous success and experience with purchasing credit union credit card portfolios, TMG Financial Services has announced it will do something similar for other CUSOs seeking credit lines.
Making good on a long offered promise, CO-OP Financial Services announced last week that it will start processing credit card transactions in early 2011.
TMG Card Services, the card portfolio purchasing and management arm of The Members Group, has announced the purchase its 39th and 40th CU credit card portfolio.
Jennifer Lehn, chair of the CUNA Operation, Sales and Service Council, has firsthand experience in CU mergers.
After almost 35 years processing credit union credit card transactions, Town North Bank has sold off its last stake in card processing.