ALEXANDRIA, Va. — Credit unions often believe that they must reach a certain asset size before they can start seeing strong performance from their credit card portfolios.
However, according to NCUA data, the 10 credit unions with the highest percentage of their assets in credit card receivables have $37.0 million or less in total assets.
The three credit unions with credit card receivables making up the highest percentage of their overall assets are the $37.0 million Acme Continental (30.5% from cards) in Riverdale, Ill.; the $4.9 million Snake River Federal Credit Union (23.2% from cards) in Twin Falls, Idaho; and the $19.0 million Bridgeport Fire Department Employees Federal Credit Union (21.3% from cards) in Bridgeport, Conn.
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