Three More CUs Shed TheirCards

June 16, 2005, 1:00 a.m. EDT 1 Min Read

Facebook
Twitter
LinkedIn
Email
Show more sharing options
Share Show more sharing options

Register now

PORTLAND, Ore. - (06/16/05) -- AssetExchange, the credit cardbroker, said it helped three more credit unions sell their cardsportfolios to different buyers. Pan Am Horizons FCU, Miami, toldits $4.6 million portfolio to InfiCorp; SourceOne FCU, BrooklynCenter, Minn., sold its $950,000 portfolio to TNB Card Services;and Mokelumne CU, Lodi, Calif., sold its $930,000 portfolio to U.S.Bancorp's Elan Financial.

Facebook
Twitter
LinkedIn
Email
Show more sharing options
Share Show more sharing options

Reprint

For reprint and licensing requests for this article, click here.

TRENDING

Community banking

Byline in Chicago joins list of community banks closing branches

The company will shutter a fifth of its locations, while reinvesting some of the savings in its digital banking platform.

By Paul Davis

September 18
Wells Fargo’s unknowns, to cost-cut or not, Kraken’s bank charter: Top stories of the week

Wells Fargo provides few updates on growth; why some banks are aggressively cutting costs and others aren’t; crypto exchange Kraken receives Wyoming bank charter; and more from this week’s most-read stories.

September 18
Election 2020

Absentee-voting service at Okla. banks, credit unions extended

A collaboration between the two industries to help voters cast absentee ballots has been approved to continue through the general election.

By Aaron Passman

September 18

MORE FROM AMERICAN BANKER

Loan modifications

Bankers urge extension of CARES Act reg relief

Measures designed to give banks and credit unions more flexibility to help customers weather the coronavirus pandemic are set to expire Dec. 31 unless Congress renews them.

By Neil Haggerty

September 18
Main Street Lending Program

Fed, Treasury clarify underwriting rules for Main Street loans

The Federal Reserve and the Treasury Department released a set of FAQ's aimed to clearing up misconceptions about the Main Street Lending program and encouraging more bank participation.

By Hannah Lang

September 18
Community banks

Did Seacoast wait too long to strike a deal?

The San Diego bank first considered finding a buyer two years ago and had offers in early 2019. The price of the deal it finally reached in the throes of the pandemic was much lower than some earlier offers.

By Paul Davis

September 18
PPP Forgiveness - Is it worth it?

Data shows PPP forgiveness is 3X the burden of origination. Ready to triple your PPP loan staff?

Partner Insights
Sponsor Content From ACAP & The Loan Source
Cross border payments

Swift to focus on transaction management to fuel faster payments

After two years of helping banks connect globally to domestic faster payments rails, Swift is planning to expand on that concept.

By David Heun

September 18
Election 2020

Trump vs. Biden: What’s at stake for banks

The future of Fannie Mae and Freddie Mac, the Fed’s supervisory regime for the biggest financial institutions, reform of the Community Reinvestment Act and a host of other industry-related issues are on the ballot this November.

By Hannah Lang

September 17