Pinnacle Federal Credit Union Partners with Elan Financial Services to Issue a ...
MINNEAPOLIS & EDISON, N.J.--( EON: Enhanced Online News )--Pinnacle Federal Credit Union (FCU) is partnering with Elan Financial Services to provide credit card products and services to its nearly 24,000 members. This includes the purchase of the existing portfolio of approximately $13 million in balances and more than 5,000 accounts. Elan will also offer new accounts to members that currently don’t carry the Pinnacle FCU VISA® credit card. Elan has more than 40 years of experience as an agent credit card issuer with more than 1,700 partners, 400 of which are credit unions.
“Credit card programs can be expensive and time consuming to manage. This new relationship allows Pinnacle to focus on its core competencies while positioning Elan to provide enhanced service and card product options to the membership: a relationship that will be beneficial to Pinnacle’s members for years to come.”
“Pinnacle is excited to partner with Elan to enable us to offer the members multiple credit card options and extraordinary service. Several providers were considered; however, Pinnacle felt Elan had the credit union experience, track record and attention to service that we needed,” said Harry R. Jacobson, CPA, president/chief executive officer of Pinnacle. “Credit card programs can be expensive and time consuming to manage. This new relationship allows Pinnacle to focus on its core competencies while positioning Elan to provide enhanced service and card product options to the membership: a relationship that will be beneficial to Pinnacle’s members for years to come.”
“We’re pleased that Pinnacle has chosen Elan to help manage its credit card program,” said Jeff Chernivec, senior vice president and market development director at Elan Financial Services. “With more than 40 years of experience partnering with credit unions, Elan has the experience to work with Pinnacle to provide its members a robust card program, best-in-class servicing and effective marketing programs to drive deeper member relationships.”
Pinnacle FCU engaged TRK Advisors as its advisor for the sale process. “I have seen few organizations develop and articulate its reasons for this decision as clearly and as carefully as Pinnacle,” said Tim Kolk, president of TRK Advisors.
Pinnacle Federal Credit Union - News
MINNEAPOLIS & EDISON, NJ--(BUSINESS WIRE)--Pinnacle Federal Credit Union (FCU) is partnering with Elan Financial Services to provide credit card products and services to its nearly 24000 members. This includes the purchase of the existing portfolio of
MINNEAPOLIS & EDISON, NJ--(EON: Enhanced Online News)--Pinnacle Federal Credit Union (FCU) is partnering with Elan Financial Services to provide credit card products and services to its nearly 24000 members. This includes the purchase of the existing
Pinnacle Federal Credit Union, Edison, NJ, has partnered with Elan Financial Services, a unit of US Bancorp, Minneapolis, to provide credit card products and services to its nearly 24000 members. Ameriprise Financial Inc., Minneapolis,
Wells Fargo Bank NA to Federal Home Loan Mortgage Corporation, 205 N. 15th Ave. Prudential Relocation Inc. to Stacey Crandall, 212 N. 2nd St. Pinnacle Bank to Gregorio Torres Jr. and Maritza Torres, 2144Q Marsh Ave. Bank of New York Mellon Trust
Y-12 Federal Credit Union announces the selection of Michelle Byrd as human resources manager. Byrd previously was HR supervisor at Exedy America Corporation and an HR administrator at Vulcan Materials Company in Knoxville.
Pinnacle Federal Credit Union Partners with Elan Financial ...
2011-07-27 16:05:13 –
Pinnacle Federal Credit Union (FCU) is partnering with Elan Financial Services to provide credit card products and services to its nearly 24,000 members. This includes the purchase of the existing portfolio of approximately $13 million in balances and more than 5,000 accounts. Elan will also offer new accounts to members that currently don’t carry the Pinnacle FCU VISA® credit card. Elan has more than 40 years of experience as an agent credit card issuer with more than 1,700 partners, 400 of which are credit unions.
“Pinnacle is excited to partner with Elan to enable us to offer the members multiple credit card options and extraordinary service. Several providers were considered; however, Pinnacle felt Elan had the credit union experience, track record
and attention to service that we needed,” said Harry R. Jacobson, CPA, president/chief executive officer of Pinnacle. “Credit card programs can be expensive and time consuming to manage. This new relationship allows Pinnacle to focus on its core competencies while positioning Elan to provide enhanced service and card product options to the membership: a relationship that will be beneficial to Pinnacle’s members for years to come.”
“We’re pleased that Pinnacle has chosen Elan to help manage its credit card program,” said Jeff Chernivec, senior vice president and market development director at Elan Financial Services. “With more than 40 years of experience partnering with credit unions, Elan has the experience to work with Pinnacle to provide its members a robust card program, best-in-class servicing and effective marketing programs to drive deeper member relationships.”
Pinnacle FCU engaged TRK Advisors as its advisor for the sale process.
“I have seen few organizations develop and articulate its reasons for this decision as clearly and as carefully as Pinnacle,” said Tim Kolk, president of TRK Advisors.
The portfolio sale closed in June 2011 with a conversion to Elan’s processing systems anticipated within the next several months. The terms of this sale will not be disclosed.
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