Five More CUs Sell their Portfolios to TNB

DALLAS – Five more credit unions have sold their credit card portfolios to TNB Card Services, the card management division of credit union owned Town North Bank. The five credit unions are the $7 million T&P Longview Credit Union headquartered in Big Spring, Texas. T&P is already a TNB client and its portfolio was valued at $69,000 in September 2003. The other credit unions were the $90 million Cloverbelt Credit Union headquartered in Wausau, Wisconsin and whose portfolio was valued at $1.8 million; the $79 million Appletree Credit Union, headquartered in West Allis, Wisconsin and whose portfolio was valued at $479,000; the $46 million CACL FCU, headquartered in Pottsville, Pennsylvania and whose portfolio was valued at $170,000; and the $24 million Putnam Count FCU, headquartered in Palatka, Florida and whose portfolio was valued at $270,000.