Portfolio Sales Slow

May 31, 2006, 1:00 a.m. EDT 1 Min Read

PETERBOROUGH, N.H. - (05/31/06) Credit union credit cardportfolios slowed in the first quarter with 13 credit unions withportfolios having receivables of at least $1 million selling theircard programs during the period. That compares to 22 sold in lastyear's first quarter, according to cards consultant BrookwoodCapital. In the first quarter of 2006, the credit unions that soldtheir portfolios had a total of $97 million in card receivables.The average size was $7.4 million. For all of 2005, the 65 creditunions that sold their portfolios had $481 million in totalreceivables, or an average of $7.4 million.

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