Sarvis named CEO of TMG Financial Services

DES MOINES, IA (October 18, 2013) — Patrick S. Jury, chairman of the board of directors, announced today that Jon Sarvis will become CEO of TMG Financial Services (TMGFS).

Sarvis has been with TMGFS since its inception and most recently served as chief financial officer. “It’s an exciting time for the future of our company,” said Jury. “We are fortunate to have a leader within our ranks to become CEO and continue our success.”

As a top 100 credit card agent issuer, TMGFS partners with credit unions, community banks and member-based associations and has more than 70,000 cardmembers and $140 million in assets under management. In addition to its credit card program, TMGFS manages Credit Union Structured Finance, which assists credit union service organizations in obtaining access to funding at competitive rates.

“I am very proud of the accomplishments we’ve achieved as a company and our recognition in the marketplace,” said Sarvis. “With a solid team of professionals committed to serving our partners and our cardmembers, TMGFS will continue to lead the industry with innovative thinking and results.”

According to Sarvis, who has served as CFO at TMGFS for the past six years, the long-term vision for TMGFS will continue to be focused on providing innovative, cost effective payment solutions for our partners and cardmembers.

During his time as CFO, Sarvis successfully helped land the company on the 2012 Inc. 500 list of fastest growing private companies with growth over three years of more than 1,100 percent.  Previously, he served as finance manager at Wells Fargo Home Mortgage, and prior to that was senior vice president at Iowa Corporate Central Credit Union.

“Jon has played a significant role in leading TMG Financial Services to its current success,” said Jury.  “His 360-degree perspective of the organization allows him to help shape the strategic vision of all areas of the company,” he said.  “I look forward to working with Jon as he leads TMGFS into its next phase of growth.”

About TMG Financial Services
TMG Financial Services (TMGFS) is known for providing collaborative, innovative, consumer-oriented solutions in the payments industry. From industry-leading funding vehicles to comprehensive credit card programs, TMGFS ensures financial institutions have the tools to thrive in the competitive financial marketplace. TMGFS was ranked No. 340 on the 2012 Inc. 500|5000 list of the nation’s fastest-growing private companies and currently has more than 70,000 cardmembers and $140 million in assets under management. For more information, visit

More News