X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

<p>ATLANTA – InfiCorp Holdings here has purchased a $3.8 million credit card portfolio from the $100 million E-Central CU (formerly Southern California CU), Pasadena, Calif. E-Central CU President/CEO Tom Graves said the CU did not have as broad an FOM as needed to increase its portfolio substantially, nor the in-house expertise to make it happen. Graves said a $4 million portfolio didn’t warrant hiring the marketing talent necessary to grow the portfolio. E-Central is in a very competitive market with Bank of America, Wells Fargo, Washington Mutual and not to mention four billion-dollar CUs targeting the Southern California region. InfiCorp Managing Director Keith Floen said CU activity in card portfolio sales is still growing. He said InfiCorp is seeing twice as many portfolios being shopped per month than normal.</p>

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

 

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.