DES MOINES, Iowa — The market for credit union credit card portfolios is getting a bit more competitive.
TMG Financial Services, an affiliate of The Members Group, which is in turn affiliated with the Iowa Credit Union League, has set up a program which will buy CU card portfolios and issue cards in an agent relationship with the CU.
What will make TMG's program unique, according to the firm, will be the degree of control that it will offer credit unions to continue to participate in the management and revenue of the portfolio after they have sold it, as well as giving them access to other card products that they can issue through the relationship with TMG.
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