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University Credit Union in Los Angeles has eliminated its overdraft fees for all members. According to a statement from the credit union on Wednesday, University CU is the first credit union in California to do so.

University CU ($954.5 million in assets, 46,081 members) stated the reason for the elimination of the overdraft fee for all members was “aimed to promote greater economic inclusion and equity.”

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Michael Ogden

Editor-in-Chief for CU Times.

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