Wescom CU Biz Unit Acquires Two Credit Card Portfolios

Credit Union Journal, The, January, 2007 by Michael Bartlett, Reporter

CU Card Association, a division of Wescom Central Credit Union, in December purchased the credit card portfolios of two credit unions. Brad Wylie, vice president of CU Card Association, told the Credit Union Journal Wescom's goal is to give credit unions an option to selling their credit card portfolios to a bank.

He said the acquisition of Jacksonville, Fla.-based Coastline FCU's portfolio was completed Dec. 1, and the agreement with Bethpage FCU in Bethpage, N.Y., was finalized in the end of December. "We're really excited about it, obviously," said Wylie, who was brought to Wescom in May 2006 to launch what became CU Card Association. "We have long-term agent agreements with these credit unions and will continue to offer credit cards to their members." Wescom will be...

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