BOSTON — Another credit union, this one in Ohio, has sold its credit card portfolio to Elan.
The $77 million Taleris Credit Union sold its 1,400-card portfolio to the US Bank subsidiary, according to the Kessler Group, which brokered the sale. The privately insured CU with headquarters in Cleveland had a portfolio of $2.6 million in outstandings, the firm reported.
"At Taleris, we are dedicated to providing our members with the highest quality products and services," said Robin Thomas, president/CEO, of Taleris Credit Union. "It was becoming clear that we would have to be more actively involved with our credit card program in order to fulfill our mission. Over all others, we realized that Elan's partnership model allowed us to provide the credit card program our members want while liberating our resources to better serve them across the board."
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