LACEY, Wash.–TwinStar Credit Union has agreed to a $1.75 million class action lawsuit settlement to resolve claims it charged unfair overdraft and nonsufficient funds (NSF) fees.
The settlement benefits TwinStar members who were charged multiple NSF or overdraft fees on the same transaction between Feb. 25, 2015, and Feb. 28, 2021, or who were charged an overdraft fee for one-time, non-PIN debit card transactions that later settled into a negative balance, according to ClassActionLawsuits.com.
Similar to Other Litigation
The litigation is similar to that which has targeted numerous credit unions and which continues to. Plaintiffs in the TwinStar Credit Union overdraft fees class action lawsuit accused TwinStar of charging unfair NSF and overdraft fees.
“These fees were allegedly
charged to consumers who had sufficient funds at the time of the transaction but later had their balances drop below zero,” ClassActionLawsuits.com stated.
TwinStar has not admitted any wrongdoing but agreed to a $1.75 million class action settlement to resolve the allegations, the report stated.
What Members Can Get
Under the terms of the TwinStar Credit Union class action settlement, class members can receive an equal share of the net settlement fund. Exact payments will vary depending on the number of participating class members, ClassActionLawsuits.com stated.
The deadline for exclusion and objection is Aug. 1, 2025.
