ARLINGTON, Va. — Credit unions around the nation are generally seeing significantly improved credit card portfolio performance, according to an analysis of second quarter card portfolio activity.
An analysis performed by Asset Exchange, a leading credit union card portfolio consultant and brokerage that is subsidiary of Fidelity National Information Services, found that the roughly 2,100 credit union card portfolios that were worth more than $1 million saw their average account balance increase by 10% from June of last year, to roughly $2,300.
Total credit union card assets also increased, moving up by 12.8% to $26.4 million versus $23.4 million at the end of June last year. Credit cards also moved up as a percentage of overall CU assets.
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