TTCU Federal Credit Union $3M Overdraft Fee Settlement, File Your Claim By April 11, 2026—APSN, ACH RET, And Multiple NSF Fees Refunded
If TTCU Federal Credit Union charged you overdraft or NSF fees between August 31, 2015 and May 1, 2024, you can claim cash from the $3 million class action settlement plus approximately $1 million in debt forgiveness—but you must file by April 11, 2026.
The lawsuit Lee v. TTCU Federal Credit Union alleges the Oklahoma-based credit union improperly assessed certain overdraft fees, overdraft transfer fees, and insufficient funds fees in violation of account agreements and the implied covenant of good faith and fair dealing. TTCU denies all allegations but agreed to settle to avoid litigation costs.
What The TTCU Overdraft Fee Lawsuit Alleges
The class action challenges four specific types of improper fees charged by TTCU Federal Credit Union (formerly known as TTCU The Credit Union and Tulsa Teachers Credit Union) over nearly nine years.
APSN Fees (Authorize Positive, Settle Negative): Overdraft fees charged on debit card transactions where sufficient funds existed at authorization but insufficient funds at settlement. When you swipe your debit card, TTCU checks your balance and approves the transaction. But days later when the transaction actually posts to your account, TTCU charges a $35 overdraft fee if your balance dropped in the meantime—even though the credit union already approved and authorized the purchase.
ACH RET Fees: Fees specifically labeled as “ACH RET FEE” on account statements. These appear when automated clearing house transactions (like automatic bill payments or payroll deposits) are returned for insufficient funds.
Multiple NSF Fees: Non-sufficient funds fees charged when merchants or payees re-submitted ACH or check transactions after initial rejection for insufficient funds. If a $100 check bounced and the merchant tried depositing it again, TTCU allegedly charged another $35 NSF fee—potentially $70 or more for the same single item.
NSF/OD Fees Instead of Transfer Fees: Fees assessed when members had sufficient funds in savings, money market, or similar accounts to cover transactions, but insufficient funds in checking. Rather than executing a free overdraft protection transfer from the linked backup account, TTCU allegedly charged $35 overdraft or NSF fees on the checking account.
Similar to the Navy Federal Credit Union Class Action Lawsuit, Multiple Settlements Worth $8.2M, Dropped $95M CFPB Case, And Ongoing Discrimination Claims, this case addresses “authorized-positive overdraft fees” that consumer advocates say exploit customers who thought they had sufficient funds.
Who Can File A Claim
You qualify if you had a checking account with TTCU Federal Credit Union, TTCU The Credit Union, or Tulsa Teachers Credit Union and were charged at least one of the four fee types between August 31, 2015 and May 1, 2024.
TTCU operates 20 locations across northeastern Oklahoma, from Tulsa to Oklahoma City. The credit union serves approximately 150,000 members and is the second-largest credit union in Oklahoma with $2.5 billion in assets.
All current and former TTCU members who held checking accounts during the 8.5-year class period qualify, regardless of account status or whether the account is still open.
How Much Money Can You Receive
The $3 million cash settlement fund will be distributed as pro rata payments to all eligible class members who file valid claims. The exact per-person amount depends on how many members submit claims.
Additionally, TTCU will forgive approximately $1 million in uncollected overdraft or insufficient funds fees that were assessed but never paid. If you have outstanding unpaid overdraft or NSF fees from the class period on your account, those debts may be forgiven as part of the settlement.
Current TTCU account holders will likely receive settlement payments as credits directly to their accounts. Former members will receive checks by mail.
After deducting attorney fees (estimated at 25-30% of the settlement fund), administration costs, and class representative awards, the remaining funds will be divided among all approved claimants. Based on similar banking settlements, per-person payments typically range from $25 to $200 depending on claim volume.
Timeline Of The TTCU Settlement
Plaintiffs Sarah Lee, Edwyna Synar, and Claudia King filed the consolidated lawsuit challenging TTCU’s overdraft fee practices. The case proceeded through discovery and motion practice before the parties reached a $3 million settlement agreement in late 2025.
Settlement notices began going out to affected TTCU members in late January 2026. The claim deadline is April 11, 2026—just over 70 days from notice distribution.
The final approval hearing has not yet been publicly scheduled but typically occurs 90-120 days after notice distribution, which would place it around April or May 2026.
Payments will be distributed to approved claimants approximately 60-90 days after the court grants final approval and all appeals are resolved.
How To File Your Claim Before April 11, 2026
Visit www.LeeBankFeesSettlement.com to access the claim form and settlement details. You can submit your claim online through the settlement website.
If you prefer to mail a paper claim form, download it from the settlement website and send it to:
Lee v. TTCU Federal Credit Union
Attn: Settlement Administrator
P.O. Box 301134
Los Angeles, CA 90030-1134
The claim deadline is April 11, 2026. Online claims must be submitted by this date, and mailed claims must be postmarked no later than April 11, 2026.
For questions about your eligibility or claim status, contact the settlement administrator at 833-604-2024 or email [email protected].
What Federal Banking Regulators Say About Overdraft Fees
The Consumer Financial Protection Bureau has aggressively targeted overdraft fees as “junk fees” that disproportionately burden low-income consumers. In October 2024, the CFPB finalized new rules capping overdraft fees at $5 for banks with over $10 billion in assets—down from the typical $35 charge.
However, credit unions like TTCU are exempt from this federal cap because they’re not classified as “very large institutions” under the rule. The CFPB estimates financial institutions collected over $8 billion in overdraft fees in 2024.
The National Credit Union Administration (NCUA), which regulates federal credit unions, has issued guidance encouraging credit unions to offer more consumer-friendly overdraft alternatives and to be transparent about fee structures.
Common Misconceptions About The TTCU Settlement
Many TTCU members assume they need to calculate exactly how many improper fees they were charged to file a claim. This is false—you simply need to have been charged at least one of the four fee types during the class period. The settlement uses a pro rata distribution, meaning everyone who files a valid claim receives an equal share regardless of how many fees they paid.
Some members worry that filing a claim will affect their membership status or credit union relationship. Settlement participation has no impact on your account, credit score, or ability to maintain banking services with TTCU.
Others believe the settlement only covers members who complained about fees or disputed charges. Actually, all TTCU members who were charged the specified fee types qualify, whether or not they ever contacted the credit union about the fees.
How Credit Unions Use Overdraft Fees As Revenue
While credit unions market themselves as member-owned, not-for-profit cooperatives focused on serving members rather than generating profits for shareholders, overdraft fees remain a significant revenue source for many institutions.
TTCU’s current overdraft program, called “Courtesy Pay,” provides a $500 overdraft limit ($200 for Fresh Start checking accounts) with a $24 fee per transaction if you exceed a $100 “safety net” amount for members with qualifying direct deposits.
The credit union’s fee disclosure shows members without qualifying direct deposits have only a $10 safety net before incurring the $24 Courtesy Pay fee. This structure incentivizes members to set up direct deposit while still generating substantial fee revenue from overdrafts.
Steps To Avoid Future Overdraft Fees At TTCU
Set up TTCU’s Overdraft Protection Plan linking a backup savings account, checking account, or approved line of credit to your primary checking. TTCU offers these transfers free of charge—no transfer fees apply, unlike many banks that charge $10-$12 per overdraft protection transfer.
Enable low-balance alerts through TTCU’s mobile app or online banking. Set notifications to trigger when your balance drops below $100 or $200, giving you time to transfer funds before overdrafts occur.
Opt out of Courtesy Pay for ATM and everyday debit card transactions. Federal law requires credit unions to get your permission before charging overdraft fees on these transaction types. Without coverage, TTCU simply declines the transaction at no charge.
Monitor your “available balance” rather than your “account balance” in online banking. The available balance accounts for pending transactions and holds, preventing surprises when authorized purchases post days later.
Frequently Asked Questions
What is the TTCU Federal Credit Union $3M Overdraft Fee Settlement about?
The settlement resolves allegations that TTCU improperly assessed four types of fees: APSN fees (overdraft charges on transactions authorized with sufficient funds but settled on negative balances), ACH RET fees, multiple NSF fees on re-submitted items, and NSF/OD fees when members had sufficient funds in linked backup accounts. TTCU denies wrongdoing but paid $3 million to settle.
How many TTCU members were affected by the overdraft fee practices?
The exact number hasn’t been publicly disclosed, but the settlement covers all current and former checking account holders who were charged the specified fee types between August 31, 2015 and May 1, 2024—potentially tens of thousands of members across TTCU’s 150,000-member base.
What types of overdraft fees were charged improperly by TTCU?
The settlement covers APSN fees (authorize positive/settle negative), ACH RET fees, multiple NSF fees on the same re-submitted transaction, and NSF or overdraft fees charged instead of free overdraft protection transfers when backup accounts had sufficient funds. TTCU’s standard overdraft and NSF fees were typically $35 per item.
How do I know if I was affected by TTCU’s overdraft fee practices?
Review your old TTCU account statements for overdraft or NSF fees between August 31, 2015 and May 1, 2024. Look for fees labeled “ACH RET FEE,” multiple charges on the same date for the same transaction, or overdraft fees on debit card purchases you made when you believed you had sufficient funds.
What is the deadline to file a claim?
The claim deadline is April 11, 2026. Online claims must be submitted by this date at www.LeeBankFeesSettlement.com, and mailed claims must be postmarked no later than April 11, 2026. Missing this deadline forfeits all settlement benefits including cash payments and debt forgiveness.
How much compensation could I receive?
Payment amounts depend on how many class members file valid claims. The $3 million settlement fund will be divided equally among all approved claimants after deducting attorney fees, administration costs, and class representative awards. Based on similar banking settlements, per-person payments typically range from $25 to $200.
Will TTCU forgive my unpaid overdraft fees?
Yes. In addition to the $3 million cash fund, TTCU will forgive approximately $1 million in uncollected overdraft or NSF fees assessed during the class period that members never paid. If you have outstanding unpaid fees from August 31, 2015 to May 1, 2024, those debts may be forgiven as part of the settlement.
When will I receive my settlement payment?
Payments will be distributed approximately 60-90 days after the court grants final approval and all appeals are resolved. The final approval hearing hasn’t been publicly scheduled yet but will likely occur in April or May 2026. Check www.LeeBankFeesSettlement.com for updates on the final approval date and payment timeline.
Disclaimer: This article provides general information about the TTCU Federal Credit Union overdraft fee settlement and should not be considered legal advice. Settlement details are based on publicly available information and verified news reports. For questions about your specific eligibility or claim, contact the settlement administrator or consult a qualified attorney.
Stay informed, stay protected. — AllAboutLawyer.com
Last Updated: February 7, 2026
About the Author
Sarah Klein, JD, is a licensed attorney and legal content strategist with over 12 years of experience across civil, criminal, family, and regulatory law. At All About Lawyer, she covers a wide range of legal topics — from high-profile lawsuits and courtroom stories to state traffic laws and everyday legal questions — all with a focus on accuracy, clarity, and public understanding.
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