LANSING, Mich. – The $143 million Auto Body Credit Union has sold its $8 million card portfolio to Elan Financial Services, a subsidiary of U.S. Bancorp, according to an announcement from Brookwood Capital, the Peterborough, New Hampshire firm which brokered the deal. Brookwood said the card portfolio has approximately 3,700 accounts, which based on its membership, indicates the CU had about a 14% penetration rate with its card program.
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