Two credit unions that had previously sold their portfolios to agent issuers are replacing national bank issuer contracts as they expire, they said.
The $225 million Guardian Credit Union in Milwaukee and the $273 million General Mills Federal Credit Union in Minneapolis have launched start-up credit card programs with TMG Financial Services, the company and credit unions said.
"We discovered after selling our portfolio five years ago that not all agent issuers are the same. TMGFS and the ATIRA credit program allow us to provide our members with a quality program – competitive rates and a strong rewards program." said Steve Wesson, CEO at Guardian CU.
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