DALLAS — TNB Card Services has added two more CU card portfolios, picking them up from a California CU that exited the card-issuing business and from a Virginia CU that merged with another CU that already sold its portfolio to TNB. TNB Card Services is the card management and acquisition arm of the credit union owned Town North Bank. "TNB continues to watch for good opportunities to work with credit unions that want to offer their members an effective and competitive credit card program, but not operate that program themselves," said Jay Kurian, first senior vice president with TNB Card Services. The $29 million Vision One Credit Union, originally chartered in 1951, is aimed primarily at optometrists. Its membership consists mostly of California practitioners, but it now offers membership to doctors in a total of 16 states and is planning to add more states.

With the sale of the program to TNB, Deanna Miyata, senior vice president and chief financial officer, said Vision One CU had been thinking for a couple of years about selling the card program, feeling it was "no longer part of our core business model."

For Albuquerque VA Credit Union, the merger with Rio Grande Credit Union, also based in Albuquerque, triggered the sale. Rio Grande sold its card program to TNB in early 2005, and the additional accounts from Albuquerque VA also became part of TNB's agent program.