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As an active broker of credit union credit card portfolios, we were dismayed to read your October 8th page 1 story, “Card Portfolios Strengthening Somewhat.,” in which Steven Fuld of Kessler Financial Services claimed to have brokered 70% of CU credit card portfolio sales. I believe this claim is misleading to the credit union community. TNB and InfiCorp combined have purchased approximately 60% of credit union credit card portfolios so far this year. To the best of my knowledge, not one of these transactions was brokered by Kessler Financial, which is “ironic” since Mr. Fuld complained about other brokerage firms reporting his firm’s transactions. William C. Koo CEO AssetExchange Portland, Ore.

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