ATLANTA - Inficorp Holdings Inc., through its subsidiary Infibank, has bought the $7.5 million unsecured credit card portfolio of North Coast Credit Union of Bellingham, Wash. This comes after an announcement last month that Inficorp had bought a major Indiana credit union card portfolio.
In the latest transaction, Inficorp and North Coast also signed a long-term agreement for marketing credit card products to credit union members. Under the agreement, Inficorp is to be responsible for account development and account servicing. Credit union employees will continue to offer in-branch service to cardholders.