DALLAS — TNB Card Services, the card issuing and processing arm of credit union owned Town North Bank, may have signaled a more aggressive stance toward CU card portfolio purchases with the purchase of a $16 million card portfolio from the $490 million A+ Federal Credit Union, headquartered in Austin, Texas.
The card brokerage firm Brookwood Capital, headquartered in Peterborough, N.H., facilitated the sale.
As a result of the partnership, A+ will also offer a Platinum card and a Rewards Program for the first time and initiate a family account card program, which will benefit the many students attending the participating schools in the A+ service area. Finally, TNB will also work with A+ to expand its business card program, enabling it to offer improved products to this growing market segment.
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