MILWAUKEE – Elan, the card processing firm which is a subsidiary of U.S. Bancorp, has purchased two more credit union portfolios. The $600 million Harborstone Credit Union, headquartered in Lakewood, Washington, sent 17,200 accounts worth $24 million in outstanding balances to Elan when it sold the portfolio, according to Elan. The $31 million Cleveland Police Credit Union sent 1,400 accounts worth $1.9 million to Elan, according to Kessler Financial Services, the Boston-based firm which facilitated the sale.
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