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Sixty Percent of CU Card Portfolios Grew Faster Than Inflation; Total Card Assets Rise

Credit unions' improved management of their credit card portfolios has started showing up in the latest statistics, according to analysis performed by card brokerage firms.

By David Morrison | Updated on December 05, 2006

ALEXANDRIA, Va. — Credit unions’ improved management of their credit card portfolios has started showing up in the latest statistics, according to analysis performed by card brokerage firms.

Asset Exchange, a leading card broker headquartered in Portland, Ore., reported that its analysis of NCUA’s third quarter data shows that 60% of CU card portfolios grew faster than inflation, compared to 51% that did so last year. Credit unions’ total card assets moved as well, from $22 billion in September 2005 to $24.2 billion in September 2006, a 7.8% increase in inflation-adjusted dollars, the broker said.

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