BOSTON – Elan Financial Services has purchased the credit card portfolio of the $55 million Bellco FCU, headquartered in Wyomissing, Pennsylvania, announced Kessler Financial, the firm which brokered the sale. The purchase brings Elan a $1.5 million portfolio with just over 1,000 accounts, according to NCUA records as of September 2004. Bellco FCU will have Elan, which is a subsidiary of U.S. Bank, continue to issue its cards in an agent relationship, Kessler said.
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