Credit cards still remain the most profitable loan product in the portfolio.
The 8,000-member, $70 million TECU Credit Union has discovered that launching a new credit card has revitalized its card program and refreshed it community image.
Marine Federal Credit Union said balance has claimed 8.5% and net yield by 2% in past year.
Ondine Irving adds scoring card portfolios, risk management to card school curriculum.
Harvard University Employees Credit Union wins right to buy portfolio from Barclays Bank and create affinity program through PSCU.
TMG Financial Services reports growing interest in Collateralized Advance Program.
Says despite labor, compliance and risk, credit unions that sold portfolios should get back into the business of issuing, white paper says.
Iowa CUSO says more than 60,000 accounts and $125 million in balances now on the books.
Credit unions need to recognize that avoiding too much risk in a card portfolio is, in itself, a risky thing to do.
The long-cool market for credit union credit card portfolios may flicker to life in 2012, according to a noted card industry analyst.