DALLAS — Four more credit unions have sold their credit card portfolios to TNB Card Services, the card portfolio purchasing and servicing arm of credit union-owned Town North Bank. TNB Card Services now owns and manages the card portfolios of more than 125 credit unions, the firm said.
The four new portfolios come from the $34 million Apex Community Federal Credit Union (portfolio valued at $880,000), headquartered in Stowe, Pennsylvania; the $34 million NorthRidge Community Credit Union ($536,000), headquartered in Hoyt Lakes, Minnesota; the $57 million West Virginia Central Credit Union ($1.1 million), headquartered in Parkersburg, West Virginia and the $17 million Westminster Federal Credit Union ($1.1 million), headquartered in Westminster, Colorado.
The reasons for selling were as varied as the CUs themselves.
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