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AAFES Waives Interest, Suspends Payments for Katrina Victims

American Forces Press Service

WASHINGTON, Sept. 4, 2005 – Army and Air Force Exchange Service officials announced Sept. 2 that they are waiving interest and suspending monthly payment requirements to Exchange Credit Program cardholders displaced by Hurricane Katrina.

"According to our records, there are approximately 15,000 accounts impacted in undeliverable zip codes," said AAFES' treasurer, Grant Morris. "No interest will be charged, and no payments will be due for an undetermined period of time. The interest rate and payment exclusion, will also apply to new purchases for an extended time period."

AAFES determined eligibility by matching accounts to the U.S. Postal Service's listing of impacted zip codes. Affected areas in Alabama, Louisiana and Mississippi, with zip code ranges and cities and states, include:

* 365XX-366XX Mobile, AL

* 369XX-393XX Meridan, MS

* 394XX Hattiesburg, MS

* 395XX Gulfport, MS

* 396XX McComb, MS

* 700XX-701XX New Orleans, LA

* 703XX Houma, LA

* 704XX Mandeville, LA

Exchange Credit Program cardholders displaced by Hurricane Katrina can contact Customer Service at the nearest exchange, call (877) 991-7827 or visit the AAFES Web site at www.aafes.com to update their contact information, officials said.

(From and Army and Air Force Exchange Service news release)

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