DALLAS — TNB Card Services, the card processing arm of credit union-owned Town North Bank, has continued to lead the market for smaller credit union card portfolios, announcing it has picked up five more.
The five CUs and the size of portfolios they sold were the $47 million Heart O' Texas FCU, headquartered in Waco ($262,000); the $19 million Mountain Star FCU, headquartered in El Paso ($1.3 million); the $21 million Kensington Valley Community Credit Union, headquartered in Highland, Mich. ($22,000); the $21 million Southpointe Credit Union, headquartered in St. Louis ($19,000) and the $7.5 million Jeffco Credit Union, headquartered in Festus, Mo. ($148,000)
"Credit unions tell us they seek TNB out because we are credit union owned and directed, and our pricing is member friendly," said Dusty Bowers, senior vice president for the card services firm.
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