PORTLAND, Ore. – AssetExchange has brokered the sale of yet another credit union credit card portfolio. This time it's a $2 million portfolio from the $52 million Horizons North CU based in Northglenn, Colorado. AssetExchange said it was able to get the CU multiple offers on its portfolio, indicating that CU portfolios are still a hot item in the market. "They (AssetExchange) maximized what we obtained for our portfolio and were especially helpful with the partner selection process," said Brad Harvey, Horizons North Credit Union CEO.
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