Velocity Credit Union has gotten back into card issuing on its own. (Image courtesy Kent Sheckler)

Stories about credit unions selling card portfolios and then returning to card issuing have become relatively commonplace, but few have re-launched as well as the Velocity Credit Union.

The 73,000-member, $659 million Austin, Texas, credit union sold its credit card portfolio in 2007 to TNB Card Services, the former card processing arm of credit union-owned Town North Bank.  

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