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An analysis of call report data indicates that only two more credit unions recently sold their credit card portfolios and entered into an agent issuing program with the purchasing banks, according to Tim Kolk, president of TRK Advisors, a CU card portfolio brokerage and consultancy.

Kolk reported that according to NCUA data, seven credit unions had sold their credit card portfolios so far this year as of the end of the third quarter. The two sold in the third quarter represented balances of roughly $23 million, taking the year to date total balances sold to $85 million. 

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