PORTLAND , Ore. , August 17, 2005 – AssetExchange, the leading credit card portfolio brokerage firm, has compiled data about credit union credit card portfolio trends for the second quarter of 2005.

For the roughly 2,100 credit unions with credit card portfolios of $1 million and larger:

• Penetration, or the percentage of credit union members that have credit union credit cards, continued to decline, falling from 19.1% in June 2004 to 18.2% in June 2005.
• Total card assets for portfolios over $1 million increased from $20.3 billion in June 2004 to $21.5 billion in June 2005. This is more than 3% growth in inflation-adjusted dollars.
• Total card assets for portfolios over $1 million increased as a percentage of total assets, increasing from 4.01% in June 2004 to 4.04% in June 2005.
• The percentage of portfolios that grew more than the rate of inflation during the previous 12 months increased from 40% in June 2004 to 55% in June 2005. Thus 45% of portfolios shrunk in real dollar terms during the 12 months ending in June 2005.
• Approximately 17 credit unions larger than $1 million sold their credit card portfolios during the second quarter of 2005, with a combined volume of roughly $105 million. This represents a 35% increase in portfolio sales over the second quarter of 2004.

Data provided in this press release is for credit card portfolios larger than $1 million in each time period and are based on NCUA call report data. Inflation values are from the U.S. Department of Labor Bureau of Labor Statistics.