Cleveland Police CU Signs Cards Deal WithElan Financial

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CLEVELAND, Ohio - (02/15/06) -- Cleveland Police CU said Tuesday ithas signed a credit card agent contract with Elan FinancialServices. Under the deal, Elan will buy the credit union's creditcard portfolio, which consists of 1,400 accounts and $1.9 millionin receivables, and will manage the credit union's card programunder the credit union's own brand. Elan Financial is a whollyowned subsidiary of U.S. Bancorp.

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