Largest U.S. Visa and MasterCard Issuers (Corrected)

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Largest U.S. Visa and MasterCard Issuers (Corrected)

Largest U.S. Visa and MasterCard Issuers (Corrected)
At yearend
Published May 13, 2005
Rank Issuer, state of issuance Outstandings (dollars in thousands) Number of active accounts
2004 2004 rank 2003 rank Change 2004 2004 rank 2003 rank Change
1 JPMorgan Chase Del. $134,700,000 1 4 159% 42,966,000 2 5 159%
2 Citigroup S. Dak., Nev., Md. 115,950,000 2 1 2 47,880,000 1 1 —
3 MBNA America Del. 82,118,000 3 2 -4 21,199,900 4 2 —
4 Bank of America Ariz. 61,093,331 4 6 60 18,773,613 3 6 46
5 Capital One Va. 53,024,074 5 5 6 24,429,600 5 3 2
6 HSBC Bank N.Y. 19,670,000 6 7 1 13,870,000 6 7 1
7 Providian Calif., N.H. 18,536,000 7 9 9 8,726,000 7 9 4
8 Wells Fargo Nev. 13,455,518 8 10 5 2,789,009 9 11 10
9 U.S. Bancorp N. Dak. 10,578,520 9 11 7 4,056,027 10 12 7
10 USAA Federal Savings Nev. 7,104,688 10 13 26 1,956,000 12 15 4
11 Direct Merchants (Metris) Ariz. 6,500,000 11 12 -20 2,200,000 14 14 -15
12 Target S. Dak. 4,849,300 12 15 12 3,427,210 8 10 7
13 FNB Omaha 4,022,554 13 14 -11 1,558,067 11 13 -11
14 Advanta Utah 3,294,630 14 16 10 574,000 18 22 -2
15 National CityOhio 2,652,030 15 17 -1 758,000 16 19 -2
16 Citizens Bank Conn., R.I. 2,255,000 16 20 -2 847,000 17 20 2
17 CompuCredit Ga. 2,194,837 17 19 -6 2,780,000 13 16 23
18 Navy Federal Credit Union Va. 1,773,728 18 21 11 538,811 20 24 5
19 Juniper Bank Del. 1,474,600 19 22 16 497,000 22 27 35
20 FDS National Bank Ohio 1,115,000 20 28 28 364,000 26 29 8
21 ICBA Bancard Va. 1,067,836 21 24 7 775,114 19 21 8
22 BB&T Ga. 1,065,677 22 25 9 358,184 25 31 6
23 Associated Bank Wis. 1,059,602 23 26 14 59,680 64 68 2
24 World’s Foremost (Cabela’s) Neb. 953,530 24 27 9 505,600 28 34 16
25 Washington Mutual 940,882 25 41 118 521,360 29 36 65
26 Cross Country Bank Del. 871,604 26 23 -31 952,220 24 25 -14
27 Town North Bank Texas 816,453 27 29 1 392,769 30 32 -2
28 Fifth Third Bank Ohio 805,000 28 30 13 303,000 27 30 18
29 GE Capital Financial Utah 760,726 29 32 24 494,758 23 26 14
30 State Farm Bank Ill. 733,591 30 34 29 287,871 33 38 9
31 First Premier Bank S. Dak. 710,839 31 31 — 2,671,174 15 18 8
32 Nordstrom Ariz. 668,883 32 38 33 361,042 21 23 —
33 Commerce Bank Mo. 609,314 33 36 10 283,973 31 33 3
34 Merrick Bank Utah 596,378 34 39 22 596,555 34 39 33
35 Pentagon Federal Credit Union Va. 590,789 35 35 6 151,191 39 42 -4
36 1st Financial Bank S. Dak. 584,160 36 37 7 343,327 38 41 13
37 Compass Bank Ala. 530,050 37 40 10 141,800 37 40 1
38 BankFirst S. Dak. 370,000 38 33 -35 350,910 35 28 -46
39 M&I Bank Nev., Wis. 333,800 39 43 6 285,456 36 37 2
40 Suncoast Schools Federal Credit Union Fla. 297,455 40 50 28 86,135 61 65 5
41 First Hawaiian Bank 278,000 41 49 14 158,000 40 46 5
42 First National Bank of Marin Nev. 275,615 42 46 1 590,960 32 35 15
43 First Tennessee 271,252 43 45 -1 114,700 41 44 -1
44 Boeing Employees Credit Union Wash. 268,317 44 47 8 98,755 47 52 3
45 First Citizens Bank Va. 258,456 45 48 5 98,587 44 47 -2
46 America First Credit Union Utah 240,382 46 54 23 78,067 57 63 5
47 Columbus Bank and Trust Co. Ga. 239,763 47 51 9 94,427 43 49 -9
48 Pennsylvania State Employees Credit Union 231,799 48 52 6 80,073 50 54 -1
49 Golden 1 Credit Union Calif. 231,449 49 70 91 59,079 52 57 -4
50 Digital Federal Credit Union Mass. 215,546 50 53 9 80,055 55 60 2

Source: The Nilson Report

© 2005 American Banker