TMG Financial Services, the agent issuing card arm of The Members Group, a CUSO affiliated with the Iowa Credit Union League, says that 19 credit unions have opted to begin offering business credit cards through an agent issuing relationship with the organization.
"The partnership with TMGFS allows us to provide our business members with an option that will enhance their financial management capabilities without diverting our resources and commitment to all of our other products and services," said Jim Carr, VP Commercial Group of FORUM Credit Union, one of the 19 that has launched a business card with TMGFS. The $945 million asset credit union serves more than 100,000 members, including approximately 3,000 business members.
"During the past couple of years, we have seen an increasing need to develop and provide a business credit card option that is beneficial to both the credit union and its member businesses," said Jeff Russell, president and CEO of TMG Financial Services. "Credit unions are focusing on their core competencies.
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