PORTLAND , Ore. , June 1, 2004 – AssetExchange, the leading independent credit card portfolio brokerage firm, facilitated the sale of an approximately $2 million credit card portfolio on behalf of Horizons North Credit Union. After reviewing several partnership offers provided by AssetExchange, the Northglenn, Colorado based credit union selected InfiCorp.

Prior to the sale, AssetExchange conducted a portfolio performance assessment for Horizons North and presented competitive offers from several potential partners.

“AssetExchange made it as easy as possible to find the best partner and offer for our credit union and portfolio,” said Brad Harvey, Horizons North Credit Union CEO. “They maximized what we obtained for our portfolio and were especially helpful with the partner selection process.”

“We are pleased to have assisted Mr. Harvey and his team,” said AssetExchange CEO, William Koo. “When credit unions choose to outsource their card programs, they can benefit tremendously by following the example set by Horizons North: take the time to review multiple offers to ensure the best value and fit.”

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.

About Horizons North Credit Union