interchange fees. TCF has experienced some shifting in sales volumes from off-line transactions toward on-line transactions. TCF’s effort to increase the number of cards outstanding and the number of cus- tomer transactions should lessen the impact on future debit card rev- enue of a continued change in mix of transactions. While TCF is not party to the pending debit card class action litigation against VISA$^{®}$, USA and Mastercard$^{®}$, a ruling against VISA ® and Mastercard$^{®}$could also have an adverse impact on future debit card revenue for TCF.  promoted by TCF’s phone card program rewarding customers with long-distance minutes based on usage. Debit card revenue consists primarily of TCF Express Card interchange fees received for handling off-line customer transactions (signature based) processed through the VISA ® association system. The ATM interchange fees received for handling on-line customer transactions (PIN based), which are pro- cessed through various regional ATM networks, are included in ATM revenue. TCF Express Card interchange fees are higher than ATM The following table sets forth information about TCF’s ATM network and related cards: Percentage At December 31, Increase (Decrease) (Dollars in thousands) 2002 2001 2000 2002/2001 2001/2000 TCF Express Cards . . . . . . . . . . . . . . . . . . . . . . . . . 1,381,000 1,196,000 1,057,000 15.5% 13.2% Other ATM Cards . . . . . . . . . . . . . . . . . . . . . . . . . . 144,000 158,000 163,000 (8.9) (3.1) Total EXPRESS TELLER ® ATM cards outstanding . . 1,525,000 1,354,000 1,220,000 12.6 11.0  Number of EXPRESS TELLER ® ATM’s (1)  . . . . . . . . . 1,143 1,341 1,384 (14.8) (3.1) Percentage of customers with Express Cards  who were active users . . . . . . . . . . . . . . . . . . . . . 53.2% 51.3% 49.3% Average number of transactions per month on active Express Cards for the year ended . . . . . . 11.8 10.9 10.0 8.3 9.0 TCF Express Card off-line sales volume  for the year ended . . . . . . . . . . . . . . . . . . . . . . . $2,958,633 $2,404,299 $1,875,836 23.1 28.2 $^{(1)}$In 2002, the contracts covering 256 EXPRESS TELLER$^{®}$ATM’s expired and were not renewed. ATM revenue was $45.3 million, $45.8 million and $47.3 mil- lion for 2002, 2001, and 2000, respectively. The decline in ATM revenue in 2002 was attributable to fewer ATM machines coupled with a decline in utilization of machines by non-customers, as the number of alternative ATM machines has increased and as increased check card usage has reduced the need for cash by customers. Additionally, as ATM site contracts are renewed, merchants have gen- erally required a larger percentage of the fee charged to non-cus- tomers for use of TCF’s ATM’s.  Investments and insurance commissions consisting principally of commissions on sales of annuities and mutual funds, increased $4.2 million to $15.8 million in 2002, following a decrease of $731,000 to $11.5 million in 2001. Annuity and mutual fund sales volumes totaled $242.7 million for the year ended December 31, 2002, compared with $165 million during 2001. The increased sales volumes during 2002 reflect the impact of a new array of compet- itively priced fixed annuity products offered by insurance compa- nies, partially offset by the volatility of the stock market which negatively impacted sales of mutual funds and variable annuities. Sales of insurance and investment products may fluctuate from  Leasing and equipment finance revenues increased $5.9 million, or 12.9%, in 2002 to $51.6 million, following an increase of $7.3 million or 19%, in 2001 to $45.7 million. The increase in leasing revenues for 2002 was driven by an increase of $5.3 million in sales- type lease revenues. The increase in total leasing and equipment finance revenues for 2001 was primarily due to increases of $3.6 mil- lion from sales-type lease transactions, $3.1 million from operating lease transactions and $644,000 in other revenues. The volume of sales-type lease transactions and resulting revenues fluctuate from period to period based on customer-driven factors not within the control of TCF. TCF’s ability to increase its lease portfolio is depen- dent upon its ability to place new equipment in service. In an adverse economic environment, there may be a decline in the demand for some types of equipment which TCF leases, resulting in a decline in the amount of new equipment being placed into service.  period to period, and future sales levels will depend upon general economic conditions and investor preferences. Sales of annuities will also depend upon their continued tax advantage and may be negatively impacted by the level of interest rates and alternative invest- ment products. page 27