BOSTON – MBNA, the leading purchaser of credit unions’ credit card portfolios has purchased the $1 billion Technology Credit Union’s $35 million credit card portfolio. Technology CU is based in San Jose, California. Kessler Financial Services, MBNA’s card acquiring firm, facilitated and announced the purchase. “This was a very deliberate process for us. We initially looked at an MBNA program in 2001,” said Technology CU’s CEO Ken Burns. “Over time we evaluated the products and service Tech CU and our processor could deliver versus what we could provide through MBNA and other issuers.”

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