ARLINGTON, Va. — The increased attention credit unions have begun to pay to their credit card portfolios has continued to yield results as NCUA records show that 69% of CU card portfolios grew in the 12 months between March 2006 and March 2007, while 31% declined in value.
Further, according to an analysis of NCUA data conducted by Asset Exchange, a card portfolio consultancy and brokerage owned by Fidelity National Information Services, only 10 CU card portfolios declined in value by over 15% while over 300 increased by more than 15%.
A key factor in whether a portfolio declined or grew in value appeared to be scale. While only 31% of all CU portfolios have fewer than $2 million in receivable balances, over 50% of the CU portfolios that shrank more than 5% were smaller than $2 million.
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By contrast, while only 38% of all CU card portfolios have more than $5 million in receivable balances, 50% of the portfolios that grew more than 5% were bigger than 5%.
Further, the data suggest that scale makes a real difference in portfolio growth. Four of the top 10 portfolios worth more than $10 million that grew the most added more than 100% since March of 2006. By contrast, only one of the top 10 card portfolios worth less than $10 million did so.
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