Call it a ham sandwich if you want, but member-owners know its still a fee since $3 leaves our accounts every month.
Sure, Arizona Federal Credit Union is trying to pull the wool over the eyes of members by attempting to spin the $3 monthly fees as “member participation dues.” The member-owners see this for what it is, a fee, a tax, a theft of their own money. Call it a ham sandwich if you want, but the members still know $3 moving out of their accounts every month, on the 5th of the month, is simply wrong.
An account with $36 or less with be fee’d to death within 12 months, at a burn rate of $3 per month. The new fee structure is not a way to serve people of modest means. It’s clearly a way to run them off. How is that serving the community or good for society?
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