AssetExchange Analyzes Credit Union Credit Card Portfolio
Trends for Second Quarter 2010

PORTLAND , Ore. , Sept. 24, 2010 – AssetExchange, a leading credit union credit card portfolio advisory and brokerage firm, has analyzed second quarter 2010 credit union credit card portfolio trends.
For the roughly 2,150 credit unions with credit card portfolios of $1 million and larger:

• Outstanding balances grew at an annual rate of 7.4 percent between June 2009 and June 2010 to $34 billion, continuing the trend of mid-single digit growth. Total assets at these credit unions grew at an annual rate of 6.8 percent over the same period.
  
  
• Card accounts grew at a 3.1 percent annual rate over the same period to 12.6 million.
  
  
• Cards as a percentage of total assets increased slightly to 4.6 percent in the second quarter of 2010, up from 4.5 percent in the second quarter of 2009.
  
  
• Credit card penetration continues to trend near 18 percent.

Data provided in this analysis is for credit card portfolios larger than $1 million in each time period and is based on National Credit Union Administration (NCUA) call report data. 

About AssetExchange
AssetExchange is the credit union community’s leading credit card advisory and brokerage firm. We provide credit card portfolio performance assessments, profitability analyses, and representation in portfolio sales.  Our services enable 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.