PORTLAND , Ore., January 2, 2004 – AssetExchange, the leading independent credit card portfolio brokerage firm, facilitated a partnership between Lone Star Credit Union ( Dallas, TX) and InfiCorp Holdings ( Atlanta, GA). The partnership includes an undisclosed premium on the sale of Lone Star CU’s credit card assets to InfiCorp, ongoing revenue-sharing, and co-branded credit cards that will be marketed under the Lone Star CU brand to current and potential credit union members.

AssetExchange conducted the portfolio analysis, market valuation, and competitive bidding process on behalf of Lone Star Credit Union. Based in Dallas, TX, Lone Star CU serves 16,200 members and has nearly $72 million in assets.

“Several of my trusted colleagues had great experiences with AssetExchange, so I knew it would pay off to bring them on board when we were evaluating our credit card program,” said Lone Star Credit Union CEO Jerry Clancy. “I am glad I did. I am confident that their competitive bidding process for our portfolio translated into the best terms and partnership arrangement available for our credit union. Anyone with a card portfolio could benefit from AssetExchange’s card industry expertise, their competitive process, and market knowledge.”

“We are pleased to have assisted Lone Star Credit Union with their credit card portfolio sale,” said AssetExchange CEO, William Koo. “With so many companies interested in buying credit union credit card portfolios, we maximize the competition for the credit union’s benefit – which results in higher premiums, expanded revenue-sharing packages, and the opportunity to find the best partnership fit. Credit union members benefit from enhanced credit card options and customer service that the partner can provide.”

About Lone Star Credit Union
Originally chartered in 1967 as Lone Star Gas Federal Credit Union, LSCU today provides financial services to more 16,200 members. Membership to the $72 million credit union is open to individuals and their family members and businesses who live in or work within the Downtown Dallas Loop or the counties of Hunt, Rockwall, Kaufman, Delta, Rains, and Hopkins. Additional information is available at http://www.lonestarcu.org.