ARLINGTON, Va. — Since this year's final data will not be available until early 2007, it's impossible to tell precisely how many credit unions sold their card portfolios to agent issuing partners in 2006.

But brokers and analysts familiar with the market estimate that the number will come in at about what it was last year, between 60 and 70 CUs selling their portfolios with roughly $500 million in receivables moving out of credit unions.

This is significant because sales prior to last year had seemed like they were moving on a steadily upward path, but that path appears to have flattened out somewhat. The reasons for the flattening continue to be a mixture of changing card economics combined with a willingness among CUs to keep and manage their own card portfolios to draw more return from them.

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