Greater Iowa CU Sells CardsPortfolio

February 27, 2006, 1:00 a.m. EST 1 Min Read

AMES, Iowa - (02/27/06) -- Greater Iowa CU said last week ithas sold its credit cards portfolio to US Bancorp's Elan FinancialServices unit, which will manage and market the credit union'scards program under an agent contract. The portfolio had more than3,900 accounts and $6.5 million in receivables. Greater Iowa CU,formerly known as ISU Community CU, has $202 million in assets andis the state's sixth largest credit union.

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