TMG Financial Services, the card issuing and investment CUSO affiliated with The Members Group in Des Moines, Iowa, is celebrating five years of purchasing credit union credit card portfolios and providing credit unions with an investment opportunity in cards.
Over these years, the CUSO reported becoming a top 75 card issuer with more than 60,000 accounts with $125 million in balances.
The CUSO issues almost all its cards in agent relationships with the credit unions that sold the portfolios.
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