From the March-20, 2002 issue of Credit Union Times Magazine • Subscribe!
Credit union credit card portfolios still selling
<p>ATLANTA - As part of the growing CU trend, two more credit unions have sold their credit card portfolios to InfiCorp Holdings, Inc., a subsidiary of First National of Nebraska, Inc. The Westbrook, Maine-based Evergreen Credit Union and Moose Lake, Minnesota-based Lake State Federal Credit Union combined portfolios total $7.4 million. As part of the agreement, InfiCorp will manage and market the credit card portfolio to both the current and potential membership of each credit union.</p>