Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
Credit card portfolio sellers disappointed in partners
PORTLAND, Ore. (6/11/09)--Results of a 2009 survey of credit union executives who sold their credit card portfolios are similar to past years’ results, AssetExchange said. The survey results indicated that sellers generally do not regret selling their portfolios, but are not particularly happy with their buyers.
Click to view larger image Click for larger view
“We were interested to see if the state of the economy would alter executives’ views regarding their card portfolio sale,” said Frank Selker, AssetExchange president. “We found little change.” This is the third year AssetExchange--a credit union credit card portfolio advisory and brokerage firm--has conducted the survey. Respondents expressed dissatisfaction regarding products, pricing and service. Only 46% said they would recommend their buyers. Other highlights:
* About half of the respondents said they consider changing their arrangement when their contacts expire; * Nineteen percent are considering restarting their own portfolios, while 48% are considering evaluating new partners; * Growth among buyers has slowed--20% experienced a decrease and 24% remained the same; and * A majority said they continue to feel their partner products are superior to their own-- but that majority dropped 65% from 76% in previous surveys.


RSS





print
News Now LiveWire
tax status preservation, reg relief among @CUNA successes in 113th Congress #NewsNow http://t.co/fWhzXoT5kK
58 seconds ago
16.9% of U.S. homeowners underwater, down from peak 31.4% in 2012, reports @zillow http://t.co/EbILqY1HMz
16 hours ago
Breaking at #NewsNow: President Obama signs IOLTA bill into law. http://t.co/5N741Bygmn
18 hours ago
.@edmunds says the week between Christmas and New Year's is the busiest car shopping time of the year.
19 hours ago
.@CFPB sues Sprint for cramming 3rd-party service fees onto consumers' bills http://t.co/mhlMWqLKku
19 hours ago