TMG Financial Services, the card portfolio purchasing and agent issuing subsidiary of The Members Group, will start an agent-issued card portfolio for the Desjardins Bank of Florida.
The Desjardins Bank of Florida is a U.S. subsidiary of the Desjardins Group of Canada, which bills itself as "the largest financial cooperative group in Canada." The bank serves primarily Desjardin Group members who spend all or part of each year in Florida.
"This is an historic agreement for TMG Financial Services as we are partnering with one of the world's largest and most well-known cooperative financial institutions," said Jeff Russell, president/CEO of TMG Financial Services. "With more than $173 billion in assets and 5.8 million members in Canada, Desjardins Group is a model for cooperatives across the globe."
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