Leading credit union agent issuer reports a 15% increase in balances from 2013 to 2014.
Extra CU in Warren sells $16 million credit card portfolio to TMG Financial Services.
Iowa agent issuer wins the business the $5 billion Mutual of Omaha Bank.
TMG Financial Services, the agent issuing card arm of The Members Group, a payments CUSO affiliated with the Iowa Credit Union League, said that 19 credit unions have opted to begin offering business credit cards through an agent issuing relationship with the organization.
TMG Financial Services, the card portfolio purchasing and agent issuing arm of the The Members Group, said it grew from both additional card portfolio purchases and from card use last year.