TULSA, Okla.–TTCU Federal Credit Union has agreed to a $3 million class action lawsuit settlement to resolve claims it charged unfair overdraft and insufficient funds fees.
The TTCU Federal Credit Union settlement benefits individuals who have or had a checking account with TTCU Federal Credit Union and were charged an overdraft fee or insufficient funds fee between Aug. 31, 2015, and May 1, 2024, according to TopClassActions.com.
The report stated that according to claims made in the class action lawsuit resolved by this settlement, TTCU Federal Credit Union charged unfair overdraft fees, overdraft transfer fees and insufficient funds fees. Plaintiffs in the case say the fees violated the terms of their account agreements.
The $2.68-billion TTCU has not admitted any wrongdoing but agreed to a $3 million class action settlement to resolve the overdraft fees allegations, TopClassActions.com said.
What Members Can Receive
“Under the terms of this settlement, class members can receive a cash payment, account credit or forgiveness of uncollected overdraft fees or insufficient funds fees,” TopClassActions stated. “Exact payments will vary depending on the number of fees each class member was charged and the number of fees charged to all class members. Current TTCU members will receive account credits for the amount they are entitled to under the settlement. Former members will receive a cash payment in the form of a check.”
The deadline for exclusion and objection is March 8.
The final approval hearing for the TTCU Federal Credit Union settlement is scheduled for April 28, 2026.
TTCU has approximately 150,000 members.
