$3M TTCU Federal Credit Union Settlement Ends Class Action Lawsuit Alleging Excessive Bank Fees

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TTCU Federal Credit Union has agreed to a $3,000,000 settlement to resolve a class action lawsuit that claimed the Oklahoma-based financial institution unlawfully issued certain overdraft fees, overdraft transfer fees and insufficient funds fees on consumer accounts.

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The $3 million TTCU Federal Credit class action settlement received preliminary approval from the court on June 10, 2025 and covers all consumers who received written notice indicating that the credit union’s records show they are an accountholder who is entitled to receive a cash payment, account credit or forgiveness in connection to fees issued between August 31, 2015 and May 1, 2024 (referred to in court documents as the “Class Period”).

Per the agreement, there are four groups of consumers covered by the settlement:

• All consumers who are current or former customers of TTCU who, during the class period, were charged an APSN fee (an overdraft fee charged when a transaction at a point-of-sale debit card purchase is initiated with a positive account balance but later settles against a negative balance) that was not refunded (the “APSN Class”);
• All consumers who are current or former customers of TTCU who during the class period were charged Multiple NSF (non-sufficient fund) fees that were not refunded (the “Multiple NSF Class”);
• All consumers who are current or former customers of TTCU who, during the class period, had sufficient funds in their savings, money market, or other account to cover a checking account transaction, which they did not have sufficient funds in to make the purchase and were charged an overdraft Fee or NSF fee instead of a transfer fee, that was not refunded (the “Transfer Fee Class”); and
• All consumers who were customers of TTCU during the class period and were assessed a fee labeled as “ACH RET FEE” (the “Unauthorized Fee Class”).

The court-approved website for the TTCU Federal Credit Union class action settlement can be found at LeeBankFeesSettlement.com.

According to the website, TTCU settlement class members do not need to do anything to automatically receive a one-time cash payment, account credit, or forgiveness of uncollected overdraft fees, overdraft transfer fees or insufficient fund fees.

 Court documents explain that current customers of TTCU will either receive an account credit in the amount they are owed or credit towards any outstanding fee balance.

Additionally, former TTCU customers will receive a check for the amount they are owed at the last address on file with the credit union.  

The settlement agreement adds that class members who are entitled to payment from multiple TTCU subclasses may receive pro-rated cash payments depending on what remains in the net settlement fund after all attorneys’ fees, administrative costs, and lead plaintiff service awards have been paid.

TTCU settlement class members who wish to exclude themselves from the settlement and retain any legal rights to litigate the same claims must send a written letter to the settlement administrator stating their desire to be excluded, along with their name, address, contact information, and last four digits of their current or former account number.

Per the settlement site, a class member must submit a letter to update their address for payment purposes (if necessary), object to the settlement, or ask to be excluded from the deal by March 8, 2026 to the address listed here.

The court will determine whether to grant final approval to the TTCU settlement at a hearing on April 28, 2026. Compensation will begin to be distributed to consumers only after final approval has been granted and any appeals have been resolved.

The TTCU Federal Credit Union class action lawsuit alleged that the local Oklahoma financial institution, formerly known as TTCU The Credit Union and Tulsa Teachers Credit Union, wrongfully charged certain overdraft and insufficient funds fees on consumer accounts between August 31, 2015 and May 1, 2024.

Did you know that some class action settlements require no proof to submit a claim? Check out the latest class action settlements.