News

SAN FRANCISCO -Visa has signed the nation's third largest public power utility, Arizona's Salt River Project, to become the exclusive card for the utility's customers to make recurring card payments. Recurring payments to utilities, insurance companies and other regular service providers have been the subject of Visa marketing efforts for...

DALLAS - Town North Bank, the bank which is owned by a group of credit unions, has hired a new executive to oversee its burgeoning Card Services arm. TNB Card Services both manages portfolios on behalf of credit unions and well as advised others and has purchased more than 60...

PORTLAND, Ore. - Asset Exchange, the leading independent card broker for credit union card portfolios, has announced the sale of three more portfolios. The firm brokered the sale of $127 million Pan Am Horizon's FCU $4.6 million portfolio sale to InfiCorp, the $45 million SourceOne FCU's $950,000 portfolio to TNB...

BOSTON - Elan Financial Services has purchased the credit card portfolios of the $42 million University Credit Union, headquartered in Boston, and the $291 million Freedom Credit Union headquartered in Springfield, announced Kessler Financial, the firm which brokered the sale. According to NCUA records, the purchase brings Elan a $4.7...

WASHINGTON - What a difference a year makes. At the end of the first quarter of 2004, borrowings for the credit union system totaled $11.7 billion. That figure has soared 32% to 15.5 billion at the end of the first quarter 2005. Mike Philbin, vice president of sales for Trust...

Top 50 Credit Unions By Borrowings Outstanding