Asset Exchange Reports Brokering Three More Sales
PORTLAND, Ore. - Asset Exchange, the leading independent card broker for credit union card portfolios, has announced the sale of three more portfolios. The firm brokered the sale of $127 million Pan Am Horizon's FCU $4.6 million portfolio sale to InfiCorp, the $45 million SourceOne FCU's $950,000 portfolio to TNB Card Services, and the $40 million Mokelumne Credit Union's $930,000 portfolio to Elan. "Credit unions continue to look at outsourcing their card programs as a strategic move in a very competitive industry" said AssetExchange CEO, William Koo. "We are pleased to have assisted these credit unions in negotiating and establishing these partnerships."