DALLAS — TNB Card Services, the card processing and portfolio management arm of credit union-owned Town North Bank, has purchased 140 credit union card portfolios since 2002, the CUSO said.
TNB began purchasing CU card portfolios in 2002, after having opposed portfolio sales for many years, and the CUSO reported purchasing 35 CU card portfolios so far this year alone.
The latest purchases are Gulf Coast Educators Federal Credit Union of Texas, Lakes Area Credit Union of Minnesota, Remington Credit Union of New York, Oregon Territory Federal Credit Union of Oregon, and NODA Federal Credit Union of Louisiana.
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