ARLINGTON, Va. — Credit unions around the nation are generallyseeing significantly improved credit card portfolio performance,according to an analysis of second quarter card portfolioactivity.


An analysis performed by Asset Exchange, a leading credit unioncard portfolio consultant and brokerage that is subsidiary ofFidelity National Information Services, found that the roughly2,100 credit union card portfolios that were worth more than $1million saw their average account balance increase by 10% from Juneof last year, to roughly $2,300.


Total credit union card assets also increased, moving up by12.8% to $26.4 million versus $23.4 million at the end of June lastyear. Credit cards also moved up as a percentage of overall CUassets.


But sales also continued. According to NCUA data, as analyzed byAsset Exchange and Brookwood Capital, another leading CU cardbrokerage, sales continued at roughly last year's pace with between18 (according to Brookwood) and 21 (according to AE) moving offcredit union books in the second quarter.

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