TULSA, Okla.— TTCU FCU has agreed to pay $3 million to resolve a class-action lawsuit alleging that it improperly assessed overdraft and insufficient-funds fees over nearly nine years, according to court filings, Claim Depot reported.
The suit claimed the $3-billion credit union charged certain overdraft, NSF, and overdraft-transfer fees in ways that violated members’ account agreements and the implied covenant of good faith and fair dealing. Plaintiffs argued TTCU assessed fees even when funds were available at authorization, when transactions were resubmitted by merchants, or when linked savings balances could have covered a shortfall.
TTCU denied any wrongdoing but agreed to settle “to avoid the cost and uncertainty of continued litigation.” Under the deal, the credit union will create a $3-million cash settlement fund and separately forgive about $1 million in uncollected fees that had been assessed but never paid, Claim Depot said.
The settlement also includes legal fees, administration costs, and service awards for the named plaintiffs; current members will receive account credits while former members will receive cash once a court grants final approval. A hearing on final approval is scheduled for April 28, 2026.