In Brief: InfiCorp to Market Cards for Park CU

ATLANTA — InfiCorp Holdings Inc., a credit card portfolio management firm, has purchased the $9 million portfolio of Park Federal Credit Union of Louisville, Ky., and entered into an agent banking agreement, under which InfiCorp will market cards to members of the credit union.

InfiCorp will be responsible for new credit card account development and services to members and potential members of Park Federal, the companies said.

Keith Floen, managing director at InfiCorp, called Park Federal, which has $200 million of assets and 50,000 members, “a strong credit union brand in the Kentucky market.”

InfiCorp, a subsidiary of First National of Nebraska Inc., issues client-branded cards for 600 financial institutions, including more than 50 credit unions.

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