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Due to the increased costs associated with providing our members with our Visa and Redi card products and the ever increasing cost of providing members with 24/7 protection against card fraud, effective 31 October 2013 we will be introducing a $25 annual card fee. All members who hold a Residential Mortgage with WECU or who use any of our Youth Accounts will not be charged this fee.
This fee will allow WECU to continue to maintain the current level of personal service provided to our members and improve our ability to better protect our members against incidents of fraud.
Under the current Loyalty Program, WECU returns 66% of all fees generated by members as Accountable Transactions to our members and we will be further assisting members in this area by reducing the Accountable Transaction cost down from $1.70 to $1.50 per transaction also effective on the 31st October 2013.