Five credit unions with credit card portfolios worth more than$1 million sold their card portfolios in in the first half of 2011,according to an analysis of NCUA data conducted by TRK Advisors, acard portfolio consultancy headquartered in New Hampshire.
The consultancy reported that four of the five sales took placein the second quarter of the year and that the total balances soldfor all five equaled $62 million.
As anemic as the sales are, the consultancy pointed out thatthey are the highest since 2009 and have already surpassed the even more anemicsales in 2010.
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