PORTLAND, Ore. – Asset Exchange, the leading broker of credit union credit card portfolios, said that it has brokered the sale of three more portfolios. The $167 million North Jersey FCU, headquartered in Totowa, New Jersey, sold its $8.3 million portfolio to InfiCorp. The $10 million New Horizons FCU, headquartered in Denver, and the $45 million California Preferred Credit Union, headquartered in San Francisco both sold their portfolios to Elan Financial Services, a subsidiary of US Bancorp. New Horizons' portfolio was valued at $1.9 million and California Preferred's at $1.1 million.
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