Three More CUs Shed Cards

October 14, 2004, 1:00 a.m. EDT 1 Min Read

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PORTLAND, Ore. - (10/14/04) -- Three more credit unions have agreedto sell their credit card portfolios, according to AssetExchange,which brokered the deals. Elan Financial, a unit of U.S. Bancorp.,has agreed to buy the $1.9 million portfolio of New HorizonsCommunity CU, in Denver, as well as the $1.1 million portfolio ofCalifornia Preferred CU, in San Francisco. Also, InfiCorp, a unitof First National (Bank) of Omaha, has agreed to acquire the $8.3million card portfolio of North Jersey FCU, in Totowa,N.J.

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