Barclays Is New Player In CUCards

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EUGENE, Ore. - (02/07/05) -- Oregon Community CU said Friday ithas agreed to sell its credit cards portfolio to Juniper FinancialCorp., a unit of Barclays Group, and a new entry in the expandingmarket for credit union portfolios. Under the deal, OregonCommunity CU will sell its $43 million in receivable to Juniper,which will manage a new no-fee MasterCard to be introduced by the$700 million credit union, the Oregon Community CU WorldMasterCard. The new card will offer a 0% introductory rate onbalance transfers for six months and low variable annual rate.Juniper is a Wilmington, Del.-based unit of Barclays, the Britishbanking giant.

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