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.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.