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Medical Community Credit Union sells portfolio to InfiCorp

ODESSA, Texas - Medical Community Credit Union, a $65 million institution based here, has sold its $3.6 million credit card portfolio to InfiCorp. "The trend by credit unions to sell their card portfolios is rapidly accelerating," said Keith Floen, InfiCorp Managing Director. The credit union sold its portfolio through Asset...

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<p>ODESSA, Texas – Medical Community Credit Union, a $65 million institution based here, has sold its $3.6 million credit card portfolio to InfiCorp. “The trend by credit unions to sell their card portfolios is rapidly accelerating,” said Keith Floen, InfiCorp Managing Director. The credit union sold its portfolio through Asset Exchange. Medical Community Credit Union serves 17,500 members. AssetExchange is an independent network for credit unions, banks and other financial institutions that seek buyers and sellers for loan portfolios and participations.</p>

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