Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Products
TNB Card Services acquires 4.4 million in card balances
DALLAS (1/8/08)--TNB Card Services has purchased the credit card portfolios of York County FCU, Sanford, Maine; and Tower CU, Wausau, Wis., adding $4.4 million in card balances to TNB’s portfolio. York County sold its portfolio to TNB to offer more products and a rewards program to members. The credit union has $159 million in assets. “By selling the portfolio, we can now offer a more attractive card product, including a Platinum card and rewards, which we don’t have today,” said Jim Nelson, York County CEO. Tower CU sold its portfolio, which reduced risk and reallocated staff resources to support more critical aspects of its operation, said Hal Osborn, Tower CEO. Tower has $45 million in assets. TNB is a provider of electronic payments and processing.


RSS





print
News Now LiveWire
.@LACULeague in @DailyComet: #creditunions' "old" benefits attractive to new generation http://t.co/AzOv3nB7IB
7 hours ago
At @FTC request, court halts operations of an alleged debt-relief scammer calling itself “FTC Credit Solutions.” http://t.co/qMsDBmKExH
12 hours ago
.@daytondailynews : The secret is out about #creditunions http://t.co/Aqu3pFTROV @DayAirCU @CODECreditUnion
12 hours ago
.@CUNA's @Nussle on @SenatorReid :(2of2)On behalf of more than 102M #CU members,I thank him 4 his leadership over the yrs/wish him the best.
14 hours ago
.@CUNA CEO Nussle on Sen. Reid’s decision not 2 seek re-election (1of2): Sen. Reid has a long history of #CU support throughout his career.
14 hours ago