TMG Financial Services, the credit union credit card portfolio purchasing and investment arm of The Members Group ended 2009 having purchased CU card portfolios worth $116 million in receivables and representing 40,000 accounts.

That represents a year of very strong growth for the last credit union owned card portfolio buyer that is still in the market for portfolios.

"The past year has been a year of extraordinary growth," said Jeff Russell, president/CEO of TMG Financial Services.

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