BOSTON – The $63 million SECNY credit union, headquartered in Syracuse, New York, has sold its credit card portfolio to Elan Financial Services, a subsidiary of U.S. Bank according to Kessler Financial, the firm which brokered the sale. The purchase brings Elan a $3.9 million portfolio with over 2,700 accounts, according to NCUA records as of September 2004. SECNY will have Elan continue to issue its cards in an agent relationship, Kessler said.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

  • Critical 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 and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.