As an active broker of credit union credit card portfolios, wewere dismayed to read your October 8th page 1 story, "CardPortfolios Strengthening Somewhat.," in which Steven Fuld ofKessler Financial Services claimed to have brokered 70% of CUcredit card portfolio sales. I believe this claim is misleading tothe credit union community. TNB and InfiCorp combined havepurchased approximately 60% of credit union credit card portfoliosso far this year. To the best of my knowledge, not one of thesetransactions was brokered by Kessler Financial, which is "ironic"since Mr. Fuld complained about other brokerage firms reporting hisfirm's transactions. William C. Koo CEO AssetExchange Portland,Ore.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
