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CU Card Portfolios Growing In Double Digits

PORTLAND, Ore. -- Credit union credit card portfolios worth more than $1 million in assets grew by 14% in the year between June 2007 and June 2008, according to analysis performed by Asset Exchange.

By David Morrison | Updated on August 21, 2008

PORTLAND, Ore. — Credit union credit card portfolios worth more than $1 million in assets grew by 14% in the year between June 2007 and June 2008, according to analysis performed by Asset Exchange.

The CU card brokerage and consultancy owned by Fidelity National Information Services reported that NCUA data showed that CU card assets grew at about twice the rate of other CU assets over the same period and that the number of cards issued by CUs grew by 3%.

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