Search
 

Strong CU Card Portfolio Performance Seen Cutting Into Card Portfolio Sales

ARLINGTON, Va. -- Improved CU credit card performance appears to be the trend, undercutting the market for CU card portfolios, according to analyses of NCUA first quarter 2008 data.

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ARLINGTON, Va. — Improved CU credit card performance appears to be the trend, undercutting the market for CU card portfolios, according to analyses of NCUA first quarter 2008 data.

According to analyses performed by leading CU card portfolio brokers and consultants, only 10 credit union card portfolios worth roughly $60 million in aggregate moved to buyers in the first quarter of 2008. This is down 40% from the same quarter of 2007, which saw 17 CU card portfolios sell with balances worth roughly $107 million change hands, according to records kept by Asset Exchange, a noted card portfolio consultant and broker owned by Fidelity National Information Services.

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?

Trending Stories

 

Recommended Stories

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 TreasuryandRisk.com and Law.com.

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

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.