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For Immediate Release
Contact:
Jan Dailey, SVP, Marketing Manager
972-391-6191, jan.dailey@tnbcard.com
Kristine Tanzillo, Dux Public Relations
972-889-9577, kristine@duxpr.com
 Printer Friendly
TNB Card Services TNB
Card Services Acquires $16 Million Card Portfolio of
A+ Federal Credit Union
Austin, Texas – February 20, 2007 – A+
Federal Credit Union of Austin has partnered with
TNB Card Services to issue credit cards for the $500
million credit union. Through the issuing
partnership, TNB acquires the $16 million card
portfolio of A+, which includes more than 9,000
cardholders.
TNB will offer extremely competitive rates along
with higher credit lines to A+ Federal Credit Union
cardholders. Since many of the A+ credit union
members have excellent credit ratings, they will be
eligible for the most attractive credit card rates
in the marketplace. Cardholders will also be able to
participate in TNB’s rewards program.
“We are very pleased to partner with a high
caliber credit union such as A+ FCU,” said Jay
Kurian, first senior vice president of TNB. “Kerry
Parker is recognized in the credit union movement as
a well-respected CEO, and we are honored that she
chose TNB’s issuing program.”
As a result of the partnership, A+ will also
offer a Platinum card and a Rewards Program for the
first time and initiate a family account card
program, which will benefit the many students
attending the participating schools in the A+
service area. Finally, TNB will also work with A+ to
expand its business card program, enabling it to
offer improved products to this growing market
segment.
“It took us four years and a lot of soul
searching before we found the right solution to
expand our card portfolio and provide our members a
better product,” said Kerry Parker, CEO of A+
Federal Credit Union. “We received proposals from
national issuers, but didn’t feel secure or
comfortable doing business with any of them. We knew
that we had to maintain some control of the program
in order to ensure our members were protected.
Credit union-owned TNB enables us to do just that
and more.”
Parker added, “The partnership with TNB is for
the long haul. By partnering with TNB, we will share
in the success of the program financially and with
enhanced products for our members. As long as the A+
logo is on our member’s card, we have a vested
interest in how the program is executed and
managed.”
The 76,000-member, education-based credit union
has eight branches covering 10 counties in central
Texas. In 2007, the credit union plans to open five
new branches, with another three planned for 2008.
A+ serves teachers, students, PTA members, and
businesses in an 8,768-square-mile region, a service
area almost as large as the state of New Hampshire.
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About TNB Card Services
TNB Card Services, owned and directed by credit
unions since 1976, provides electronic payments
processing, as well as an agent issuing solution for
credit unions nationwide. Serving more than 450
financial institutions and managing more than 1.6
million cards, Dallas-based TNB enables credit
unions to enhance member loyalty through credit
union-branded card products. For more information
about TNB, go to www.tnbcard.com or call Dusty
Bowers at 800-422-0733, ext. 6555.
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