The departure of TNB Card Services from the credit union-owned credit card portfolio market leaves CUs with a sharply different market for their card assets.

Executives stressed that TNB remained firmly in the card processing business, but acknowledged that its departure from the card portfolio market would leave a hole.

Since 2002, TNB has been the leading credit union-owned purchaser of CU card portfolios, a market niche that it had built upon and stressed its agent-issuing marketing.

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