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In a change of heart, Maryland’s $388 million Educational Systems Federal Credit Union is putting to rest the idea of a merger conversion fee to help defray expenses in its takeover of the once-ailing $401 million Montgomery County Teachers FCU of Derwood, Md.

Cancellation of the one-time $35 charge, which would have been assessed against the 57,000 members of MCT, came just over a week after Educational Systems FCU of Greenbelt, Md.,  unveiled the special fee on the MCT website.

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