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.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
- Educational webcasts, white papers, and ebooks from industry thought leaders.
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
Already have an account? Sign In Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
