DALLAS — TNB Card Services, the card portfolio acquisition and marketing arm of credit union-owned Town North Bank, has picked up another large portfolio.
The purchase indicates the firm's continuing interest in larger card portfolios with the purchase of a 5,500-card portfolio from the $165 million CME Federal Credit Union, headquartered in Columbus, Ohio.
According to NCUA's records, the portfolio had outstanding balances of $14.4 million as of the end of September 2006.
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