Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

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
FHFA today announced it's extending comment deadline for guarantee fees Fannie, Freddie charge lenders to Sept. 8.
12 hours ago
The 2014 @CUwomen Forum was held in Gold Coast, Australia yesterday during @WOCCU 's World CU Conference.
15 hours ago
.@CFPB obtains $92M in debt relief from Colfax Capital Corp. http://t.co/QPZAeCAcy2 See also: http://t.co/Kjf4HHkINW
17 hours ago
Julian Castro was sworn in as 16th secretary of @HUDgov Dept. of Housing and Urban Development Mon.
17 hours ago
.@CUNA's Chief Economist @SchenkMike talks consumer confidence--at highest levels since 2007 w/ @TheStreet @JoeDeaux http://t.co/JyoYQmhAxc
17 hours ago