BURLINGTON, Mass. – A "free-for-all" at Eastern Corporate Federal Credit Union this month will cost the corporate about $500,000 but it's all good.
The 300-credit union cooperative is celebrating is celebrating its 30th anniversary by eliminating nearly all of its service fees for the month of November, incuding those for product and service users of ACH and check processing, funds transfers, settlement services, security safekeeping and statement mailing.
The "November Free-for-All" program was made possible by particularly strong year in earnings and capital in 2008, the $1.5 billion corporate said, and was approved by its board of directors.
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