Credit card data firm Nilson recognized TMG Financial Services, the agent issuing affiliate of The Members Group, as the 67th largest credit card issuer in the U.S. for 2014, TMGFS announced Monday.
The Des Moines, Iowa-based credit card issuer reported balances had increased by 15% year over year from 2013 to 2014, while sales had increased by 12% during that same time period.
In addition, TMGFS reported every credit union issuing partner with which it had a contract renewal in 2014 renewed its contract.
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The card issuer also announced that it added two new MasterCard products to its lineup, including a lower APR MasterCard without a rewards program and a secured MasterCard. In addition, the company reported it began issuing cards with EMV chips in February 2015.
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