Harvard University alumni will soon have the opportunity to carry a credit card issued by the $409 million Harvard University Employees Credit Union in Cambridge, Mass. 

The credit union is one of the latest to take over an affinity card program previously run by a bank and will issue the cards in conjunction with the Harvard Alumni Association.

The 32,000-member credit union said it beat out bids from several other firms to both purchase the existing affinity portfolio from Barclays Bank and set up a new affinity program.

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