AssetExchange Facilitates Two Credit Card Portfolio Sales

PORTLAND , Ore. , April 7, 2004 – AssetExchange, the leading independent credit card portfolio brokerage firm, facilitated the sale of two credit union credit card portfolios to two buyers.

Credit unions that sold their portfolios include:

Fiscal Credit Union, a $150 million credit union based in Glendale, CA, sold their portfolio to an undisclosed buyer.

Members First Credit Union of New Hampshire, a $116 million credit union based in Manchester, NH, sold their portfolio to InfiCorp Holdings.

AssetExchange conducted portfolio performance assessments and competitive partnership searches on behalf of each credit union.

“We benefited tremendously from AssetExchange’s expertise,” said Fiscal Credit Union CEO Michael Gomez. “They knew the ins and outs of the market and maximized the competition for our portfolio. They presented each offer side-by-side, assisted us with the negotiation process, and truly represented our best interests. I highly recommend their services.”

“Credit unions have many excellent partnership opportunities in the market,” said AssetExchange CEO, William Koo. “We counsel credit unions to keep an open mind and find the partner that is the best fit for them, their members, and their culture. We are very pleased to have assisted each of these credit unions in establishing partnerships.”

About AssetExchange
AssetExchange is a leading credit card consulting and brokerage firm for financial institutions. Services include credit card portfolio brokerage, performance assessments, market valuations, and best practices consulting. The AssetExchange brokerage process includes bids from all interested portfolio buyers, which increases competition for portfolios and ensures optimal pricing and partnership opportunities for portfolio sellers. For additional information, please visit www.AssetExchange.com or call (503) 220-0007.