Analysis: 48 Card Programs Sold During 2003

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During the third quarter of 2004, 48 credit unions sold their card programs, totaling $393 million in receivables, according to analysis by card portfolio brokering firm Brookwood Capital. The company projected that if sales continue at the current pace, they will exceed the 60 portfolios with $420 million in receivables sold last year, due in part to large CUsselling their portfolios. The average portfolio sold so far this year had $8.2 million in receivables, up from $7.1 million in 2003.

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