39 Card Portfolios Sold During First Half Of 2005

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During the first half of 2005, 39 credit unions with credit card portfolios of over $1 million in outstanding balances sold their portfolios, according to Brookwood Capital.

Total balances sold through June 2005 have been approximately $255 million. Both the number of million-dollar portfolios sold and the total balances sold are on pace to exceed any previous year, Brookwood reported, adding that for the past three years, annual portfolio sales have increased each year (see tables below).

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