AssetExchange Analyzes Credit Union Credit Card Portfolio Trends for 2nd Quarter 2007

PORTLAND, Ore., August 22, 2007 – AssetExchange, the credit union community’s leading credit card portfolio advisory and brokerage firm, has analyzed 2nd quarter 2007 credit union credit card portfolio trends.

For the roughly 2,050 credit unions with credit card portfolios of $1 million and larger:

•     Credit union credit cards are gaining strength in the market.  In addition to there being more cards in the market, card balances have increased.  The average balance per account has grown about 10% from June 2006 to roughly $2,300 in June 2007.

•     Total credit card assets for portfolios over $1 million increased from $23.4 billion in June 2006 to  $26.4 billion in June 2007, a 12.8% increase.

•     Total credit card assets grew approximately twice as fast as total credit union assets which grew 6.5% from June 2006 to June 2007.

•     Credit cards continue to become a larger component of credit unions assets. Total card assets grew from 4.24% of total assets in June 2006 to 4.49% in June 2007.

Data provided in this press release is for credit card portfolios larger than $1 million in each time period and is based on NCUA call report data.  Inflation values are from the U.S. Department of Labor Bureau of Labor Statistics (2.69% between June 2006 and June2007).

About AssetExchange
AssetExchange is the credit union community’s leading credit card advisory and brokerage firm.  In addition to providing performance assessments and representation in portfolio sales, we help our clients compare and negotiate card processing contracts and evaluate outsourced card management opportunities.  Our services enable our clients to make sound financial and strategic decisions about the future of their credit card programs.  For additional information, please visit www.AssetExchange.com or call (877) 220-0001.