$1.05M C-Plant Federal Credit Union Settlement Ends Class Action Lawsuit Over Allegedly Improper Overdraft Fees

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C-Plant Federal Credit Union has agreed to a $1,050,000 settlement to resolve a class action lawsuit that alleged accountholders were wrongfully charged overdraft fees on certain debit card transactions.

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The $1.05 million C-Plant class action settlement received preliminary approval from the court on June 2, 2026. The deal covers all individuals who were charged one or more overdraft fees by C-Plant on a signature-based debit card transaction authorized on sufficient funds and settled in the authorized amount between July 14, 2013 and August 25, 2025.

The court-approved website for the C-Plant overdraft fee settlement can be found at TeofiloOverdraftFeesSettlement.com.

C-Plant settlement class members who received notice of the class action settlement do not need to take any action to receive a cash payment from the deal. The amount of each class member’s payout will be determined based on the amount of applicable challenged fees they paid, among other factors.

The court will determine whether to grant final approval to the C-Plant overdraft fee settlement following a hearing on August 28, 2026. Compensation will begin to be distributed to class members only after final approval is granted and any appeals are resolved.

The C-Plant Federal Credit Union class action lawsuit alleged that the Kentucky-based financial cooperative improperly charged accountholders overdraft fees on debit card transactions authorized on sufficient funds but that settled in the authorized amount, allegedly in violation of the Kentucky Consumer Protection Act.

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