PORTLAND, Ore. – According to an analysis of NCUA's year-end data, five more credit unions sold their credit card portfolios and entered into agent relationships with banks in 2005 then in 2004 even as the aggregate value of the portfolios sold dropped slightly. Asset Exchange, the leading independent broker of credit union card portfolios, performed the analysis of the data drawn from NCUA's year-end 2005 call report information. The analysis found that 70 credit unions sold their card portfolios in 2005 versus 65 in 2004 and that the value of the portfolios sold fell from $475 million in 2004 to $470 million in 2005. Asset Exchange includes credit card portfolios of over $1 million in its analysis of card portfolio sales and economics. In terms of performance, the broker found that 2,150 credit unions which carry federal insurance have card portfolios of over $1 million. It found that a smaller percentage of credit union members had their credit union's credit card in 2005 (18.1%) than in 2004 (18.6%). But the broker's analysis also found that credit union card portfolios' value increased by 2.9% in inflation-adjusted dollars, from $22.0 billion in 2004 to $23.4 billion in 2005. The percentage of overall credit union assets which those portfolios represent also rose last year, from 4.22% at end of 2004 to 4.31% at the end of 2005.

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