Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
CUs 3Q credit card portfolios grow
PORTLAND, Ore.--(12/22/10)--Outstanding credit card balances at credit unions grew at an annual rate of 4.4% in the third quarter, compared to a 7.9 % rate for the same period last year, according to Assets Exchange, a credit union credit card portfolio advisory and brokerage firm. Other findings from the National Credit Union Administration (NCUA) call report data provided by Highline Financial:
* The 4.4% third-quarter growth rate brought outstanding credit card balances at credit unions to $35.2 billion; * Total assets grew at an annual rate of 4.6% between September 2009 and September 2010; * Card accounts grew at a 1.76% annual rate over the same period to 13.1 million; * Cards as a percentage of total assets held steady at 4.4% in the third quarter of 2010, reflecting no change from the third quarter of 2009; * Credit card penetration continues to trend near 17%; and * Among credit unions with card portfolios larger than $1 million, two card portfolios were sold with a combined balance of approximately $12 million.


RSS





print
News Now LiveWire
Final field-of-membership rule tops April 30 NCUA agenda http://t.co/gFIhRhUCts
1 day ago
.@CUNA's @Nussle speaks to @VonnieQuinn about #StoptheDataBreaches and reg. relief. http://t.co/TMTubG9Afk
1 day ago
RT @NCUFoundation: .The Foundation's @hylandhighway with @NatlJumpStart President/CEO Laura Levine at #FLHillDay2015 today: http://t.co/ep5…
1 day ago
Seriously underwater homes rise, new-home sales tumble News Now: http://t.co/2LzWTkqnES
1 day ago
#NewsNow Cornerstone Foundation awards $71K in grants http://t.co/Y6D8K9rwWv
1 day ago