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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.

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