DALLAS — TNB card services, the card processing CUSO attached to credit union owned Town North Bank, has purchased another CU card portfolio worth roughly $1 million.
The purchase brings the number of CU card portfolios TNB has purchased to 160. According to an announcement from the firm, the purchase from the $53 million Wiston-Salem City Employees Credit Union brings it 1000 accounts with an average balance of $1,300 per account.
Data from NCUA indicate that roughly half of all credit union credit card portfolios are worth $1 million or less.
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