BOSTON – Elan Financial Services, a subsidiary of U.S. Bank, continues to attract CUs which are looking to sell their credit card portfolios. According to Kessler Financial Services, which brokered the deal, the $143 million Solidarity Community FCU, headquartered in Kokomo, Indiana, has chosen to sell its card business to the bank issuer.
The sale brings 5,400 card accounts and $8.6 million in outstanding balances to Elan.
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