DALLAS — TNB Card Services, the credit card portfolio processing and servicing arm of credit union-owned Town North Bank, continues on a CU card portfolio buying roll.

The card processor has announced the purchase of a card portfolio worth $12 million from the $220 million AFTRA-SAG Federal Credit Union.

Headquartered in Los Angeles, the AFTRA-SAG sale brought an additional 6,000 credit union card accounts to TNB and lifted the firm's overall number of CUs which have sold TNB their portfolios to over 130.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.