X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Credit cards continued to be solid assets for credit unions in the second quarter of 2009 and about three credit unions sold their credit card portfolios to agent bank issuers, according to an analysis of NCUA data.

Asset Exchange, a leading broker of CU credit card portfolios and card consultancy owned by Fidelity National Information Services, reported that its analysis of credit union data showed that the three card portfolios represented $4.5 million in outstanding balances that were purchased for the quarter ending June 30. This was down from the roughly $20 million in balances that were purchased in the second quarter of 2008 and the $190 million last quarter.

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?

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

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.