Elan Acquires Another CUPortfolio

April 12, 2005, 1:00 a.m. EDT 1 Min Read

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MINNEAPOLIS - (04/12/05) -- Elan Financial Services, a unit ofU.S. Bancorp, said it has purchased the credit card portfolio ofDallas-based Resource One CU. Under the terms of the agreement,Elan will continue to issue credit cards for the $225 millioncredit union. Terms of the deal were not disclosed.

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