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.
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