ARLINGTON, Va. — The increased attention credit unions have begun to pay to their credit card portfolios has continued to yield results as NCUA records show that 69% of CU card portfolios grew in the 12 months between March 2006 and March 2007, while 31% declined in value.
Further, according to an analysis of NCUA data conducted by Asset Exchange, a card portfolio consultancy and brokerage owned by Fidelity National Information Services, only 10 CU card portfolios declined in value by over 15% while over 300 increased by more than 15%.
A key factor in whether a portfolio declined or grew in value appeared to be scale. While only 31% of all CU portfolios have fewer than $2 million in receivable balances, over 50% of the CU portfolios that shrank more than 5% were smaller than $2 million.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com 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 Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
