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Effective Monday, Jan. 27, the Lansing, Mich.-based LAFCU sharply lowered its overdraft and non-sufficient funds fees from $32 to $0.99. The $1.1 billion credit union said the decision was driven by its ongoing focus on supporting individuals of modest means, who are often hit hardest by traditional fees.
While it will especially impact members from underserved communities, the fee reduction is in line with its commitment to making financial services more accessible and affordable for all of its members, LAFCU noted.
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