DALLAS — In the five years since it reversed course from opposing credit union credit card portfolio purchases to actually buying them, TNB Card Services announced it has purchased more than 120 as of this week.
The most recent five come from the $52 million Potelco United Credit Union, headquartered in Pocatello, Idaho; the $38 million BRECO Federal Credit Union in Baton Rouge, La.; the $59 million Northern Tier Federal Credit Union in Minot, N.D.; the $36 million KEMBA Louisville Credit Union in Louisville, Ky.; and the $13 Salmon Falls Community Credit Union in Somersworth, N.H.
TNB's purchase of the five programs netted some 5,500 card accounts with nearly $7 million in outstanding balances, the firm said.
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