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Asset Exchange Facilitates Two More Portfolio Sales

PORTLAND Ore. - Asset Exchange, the leading independent broker of credit union credit card portfolios announced the facilitation of CU card portfolios to InfiCorp, a significant purchaser of CU card portfolios based in Atlanta. Northern FCU, a $70 million CU headquartered in Watertown, New York, sold its portfolio valued at...

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PORTLAND Ore. – Asset Exchange, the leading independent broker of credit union credit card portfolios announced the facilitation of CU card portfolios to InfiCorp, a significant purchaser of CU card portfolios based in Atlanta. Northern FCU, a $70 million CU headquartered in Watertown, New York, sold its portfolio valued at $2.5 million as of September 30, 2003 and Lone Star Credit Union, a $72 million institution headquartered in Dallas sold its portfolio, also valued at roughly $2.5 million, in the same period. Both sales involved agent relationships for future card management with InfiCorp and none of the parties included premium information with the announcement

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