Texas credit union finds happiness after re-launch of its own issued card.
Funeral services set Saturday in Texarkana, Texas, for Joe Glenn Thornton, a former president/CEO of Texar FCU and a past director of CUNA.
Vantiv new name of card processor for several hundred credit unions as firm moves to distance operation from bank roots.
Visa Inc. has recognized Fifth Third Processing Solutions for its efficiency in card transaction processing.
The $955 million Town North Bank reached the brink of undercapitalization when it sold its card processing business to Fifth Third Processing Solutions on July 6 for an undisclosed price.
Visa Inc has recognized Fifth Third Processing Solutions for its efficiency in card transaction processing.
Credit unions which own the $955 million Town North Bank may face a call for additional capital to support it going forward, according to analysts asked to review the bank's financial reports.
After almost 35 years processing credit union credit card transactions, Town North Bank has sold off its last stake in card processing.
According to the FDIC, credit union owned Town North Bank had a tier one capital ratio of only 4.05% as of March 31, the last quarter before the bank sold its card processing division, TNB Card Services.
Credit union owned Town North Bank got out of the card processing business to streamline its operations and restore some lost capital, according to its CEO Steve McDonald.