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TNB Card Services to Manage $5 Million Card Portfolio for Palisades FCU

Dallas, March 30, 2009 - The $145 million Palisades Federal Credit Union is on a mission to grow its credit card portfolio and expand its product offerings. To help achieve that goal the credit union has selected TNB Card Services as the card processing partner for its $5 million portfolio.

Palisades chose TNB for its proven track record at improving the performance of other credit union card programs, and because of the firsthand experience it has managing and growing its own multi-million-dollar card portfolio.

To determine the best product and price for its cardholders, Palisades will leverage TNB's portfolio consulting team to thoroughly assess the potential of its portfolio. The credit union will then be able to determine how best to structure its card offering so that the card is more competitive and attractive to members. Palisades will also now be able to market its cards through an array of turnkey marketing programs offered by TNB, as well as implement rewards through TNB's Rewards2U®.

"TNB is more than just a processor," said Sean Jelen, chief operating officer for Palisades Federal Credit Union. "Its flexible and robust platform, coupled with its people, expertise, philosophy, and partnership approach far surpassed what other processors offered or were capable of doing."

Palisades Federal Credit Union, based in Pearl River, New York, has 9,450 members and three branches.

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 550 financial institutions of all sizes and managing more than 2 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 Mark Fenner at 1-800-422-0733 ext. 6655.