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Credit Card losses lower for relationship lenders
Credit loss rates on credit cards have remained low in the past couple of years. Going forward, we expect them to increase modestly as credit utilization increases and savings rate declines. It is proven that relationship-based credit card accounts consistently perform much better in risk. On average, the credit loss rate on CorServ Bank Relationship Portfolio has been nearly half of the loss rate experienced by the US Credit Card Industry as reported by the Federal Reserve. As demand for credit picks up, it is an ideal time for community banks to deepen relationships with their customers through credit cards.
About CorServ – CorServ provides a turnkey credit card issuing program that enables financial institutions to deliver competitive, branded credit cards to consumer, business and commercial customers. CorServ’s secure hosted programs combine our credit, compliance and marketing expertise with our modern online solution – everything our clients need to quickly build a successful card-issuing business. Our financial institution clients can increase their earnings per share by owning their customer loans and benefitting from loan interest, interchange, fee income and economies of scale from CorServ’s client base. Most importantly, our clients control their credit card customer relationships. For more information, please visit
CorServCorServ Business Inquiries:
David Luther
CorServ CBO
William Mills Agency
CorServ Media Inquiries:
Kendall Carwile
The William Mills Agency