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AHFCU Lifts $1 ATM Surcharge; Says Other Benefits Will Compensate.(American Heritage Federal...

By Ortiz, Laura Ortizalee
Publication: Credit Union Journal
Date: Monday, February 23 2004

American Heritage Federal Credit Union has lifted its $1 surcharge fee for both members and non-members who use any of its 22 machines in Philadelphia, Bucks and Montgomery counties.

AHFCU President/CEO Bruce K. Foulke said the board decided that the money collected by the $41-million CU was minor in comparison to the benefits of doing something nice for the community. "We have been surcharging for a little over a year,'' said Foulke. "But the money we made was peanuts.''

He said other financial institutions were collecting from $5,000 to $10,000 when AHFCU

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