PORTLAND , Ore. , August 2, 2004 – AssetExchange, the leading independent credit card portfolio brokerage firm, brokered the sale of Colorado United Credit Union’s $5.8 million credit card portfolio. The $98 million credit union based in Denver, CO, selected InfiCorp from a pool of prospective partners presented by AssetExchange.

“We made a strategic financial decision to sell our portfolio, one that will also provide our members with enhanced credit card products,” said Colorado United CEO, Rick Weber. “AssetExchange did a great job assisting us with this process. Their thorough portfolio analytics were very insightful; they clearly identified all of our options and ultimately brought us several competitive offers to consider. We had a very positive experience with the AssetExchange team.”

“We are pleased to have assisted Colorado United with their portfolio sale,” said AssetExchange COO, Gary Barth. “They had a clear focus on what they were hoping to accomplish and were actively engaged throughout the entire process. They recognized that outsourcing card issuance is an excellent way to eliminate card-related risk, provide improved card products to members, and raise capital for strategic investments.”

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.