MILWAUKEE — Elan Financial Services, a subsidiary of US Bank, has reported a strong first three quarters in 2006.

The card processing firm purchased credit union credit card portfolios worth $182.2 million in combined outstanding balances from Jan. 1 to Sept. 30, 2006.

Over $65 million in the outstanding balance total came from 16 card portfolios that the firm purchased in just the third quarter, the bank said.

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