The departure of TNB Card Services from the credit union-owned credit card portfolio market leaves CUs with a sharply different market for their card assets.

Executives stressed that TNB remained firmly in the card processing business, but acknowledged that its departure from the card portfolio market would leave a hole.

Since 2002, TNB has been the leading credit union-owned purchaser of CU card portfolios, a market niche that it had built upon and stressed its agent-issuing marketing.

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.

Payments/Credit/Debit