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Elan Purchases a CU Card Portfolio

Dayton Firefighters enters agent issuing program as part of the sale.

By David Morrison | Updated on August 25, 2011

The market for credit union credit card portfolios has gone fairly quiet over the last few years, but Elan Financial Services has announced the purchase of another one. This one from the 4000 member, $46 million Dayton Firefighters Credit Union, headquartered in Dayton, Ohio. The CU had a roughly 800 card account portfolio worth almost $2 million in balances as of the end of March of this year, according to NCUA records.

Elan is a subsidiary of U.S. Bancorp.

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