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Article: AurGroup CU Sells Cards Portfolio.(credit card portfolio )(Brief article)
- Article from:
- Credit Union Journal
- Article date:
- July 10, 2006
CopyrightCOPYRIGHT 2006 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MINNEAPOLIS -- U.S. Bancorp announced that its Elan Financial Services unit has acquired the credit card portfolio from AurGroup Financial CU, the 22nd credit union portfolio acquired by the bank giant so far this year.
Under the deal, Elan Financial will continue to manage the 6,500 accounts and $9.5 million in receivables under the credit union's brand.
Elan ...