TTCU Federal Credit Union $3M Overdraft Fees Class Action Settlement – No Claim Form Required, Automatic Payments By July 2026
TTCU Federal Credit Union agreed to pay $3 million to settle class action claims over unfair overdraft and insufficient funds fees charged between August 31, 2015 and May 1, 2024. Current and former members who paid these fees will receive automatic payments or account credits without filing a claim—payments should arrive approximately 90 days after final court approval on April 28, 2026.
What Is the TTCU Overdraft Fees Settlement About?
The class action lawsuit alleged TTCU Federal Credit Union improperly assessed overdraft fees, insufficient funds fees, overdraft transfer fees, and related charges in violation of account agreements and the implied covenant of good faith and fair dealing. The case, Lee, et al. v. TTCU Federal Credit Union, was filed in the District Court of Muskogee County, Oklahoma (Case No. CJ-2020-283).
Class representatives Sarah Lee, Edwyna Synar, and Claudia King claimed TTCU charged fees in situations where customers shouldn’t have been charged based on their account agreements. Specifically, they challenged certain overdraft practices including fees on transactions authorized when sufficient funds existed but settled when balances were low.
TTCU denies all wrongdoing but agreed to the $3 million settlement to avoid the cost and uncertainty of continued litigation. The court granted preliminary approval, with a final approval hearing scheduled for April 28, 2026.
Which Fees Are Covered by This Settlement?
The settlement addresses five specific types of fees TTCU charged during the class period:
APSN Fees: Overdraft fees charged on debit card transactions where sufficient money existed at the time of authorization but not when the transaction settled days later.
ACH RET Fees: Charges labeled “ACH RET FEE” on account statements for automated clearing house transactions.
Multiple NSF Fees: Non-sufficient funds fees charged when merchants re-submitted ACH or check transactions after initial rejection for insufficient funds.
NSF/OD Instead of Transfer Fees: Fees assessed when TTCU charged an NSF or overdraft fee instead of transferring funds from a linked savings or money market account that had sufficient balance.
Overdraft Transfer Fees: Charges for transferring money from savings to cover checking account shortfalls.
If you were charged any of these fee types between August 31, 2015 and May 1, 2024 while maintaining a TTCU checking account, you’re automatically part of the settlement class.
How Much Money Will You Get?
The total settlement fund is $3 million cash plus approximately $1 million in forgiven uncollected fees. After deductions for attorneys’ fees (up to $1,333,333), administration costs (approximately $190,815), and service awards to class representatives ($10,000 each to Sarah Lee and Edwyna Synar, plus debt forgiveness for Claudia King), the remaining balance gets distributed to class members.
Individual payment amounts will vary based on how many qualifying fees you paid during the settlement period and how many class members participate. Similar nycb overdraft fee class action settlements have resulted in payments ranging from $10 to $150 per class member depending on fee frequency.
Current TTCU members will receive account credits applied directly to their checking accounts. Former members will receive cash payments by check mailed to their last known address. Class members with outstanding account balances will have uncollected overdraft and NSF fees written off—worth approximately $1 million total across all affected accounts.
Do You Need to File a Claim?
No. This is what makes the TTCU settlement unique and consumer-friendly. You do not need to submit any claim forms, provide documentation, or take any action to receive payment.
TTCU will automatically identify all eligible class members based on internal account records showing who was charged the covered fee types during the settlement period. If you qualify, you’ll receive payment or account credit without doing anything.
However, you must not opt out or object to the settlement if you want to receive payment. The deadline for exclusion and objection is March 8, 2026. If you take no action by this deadline, you’re automatically included and will receive your settlement share.
Visit the official settlement website at LeeBankFeesSettlement.com for complete settlement details, legal documents, and updates on the approval process.
Settlement Timeline and Key Dates
March 8, 2026: Deadline to opt out or object to the settlement. After this date, you’re locked into the class and bound by the settlement terms.
April 28, 2026: Final approval hearing where the judge will decide whether to approve the settlement permanently. The hearing will be held in Muskogee County District Court in Oklahoma.
Approximately 90 Days After Final Approval: TTCU will issue account credits to current members and mail checks to former members. Assuming approval on April 28, payments should arrive around late July or early August 2026.
The settlement remains subject to court approval. If the judge rejects it or significant issues arise, the timeline could change.
Common Mistakes to Avoid
The biggest mistake is opting out when you don’t mean to. Some consumers misunderstand the settlement notice and accidentally exclude themselves, forfeiting their automatic payment. Unless you plan to sue TTCU individually—which requires hiring your own attorney at your own expense—do nothing and let the automatic payment process work.
Don’t ignore notices from the settlement administrator. While you don’t need to file a claim, you should read official communications to understand your rights and payment timeline. Former members especially should ensure TTCU has your current mailing address so checks don’t get lost.
Some consumers assume small amounts aren’t worth receiving. Even if your payment is only $20 or $30, that’s money you’re entitled to for fees TTCU allegedly shouldn’t have charged. There’s zero effort required on your part, so there’s no reason to opt out unless you have substantial individual damages worth pursuing separately.
Missing the March 8 objection deadline means you can’t later challenge the settlement terms, even if you disagree with how payments are calculated. Review the settlement details now at LeeBankFeesSettlement.com if you have concerns.
2026 Settlement Updates
As of February 2026, the settlement awaits final court approval at the April 28 hearing. TTCU has begun notifying all potentially affected class members through mail and email. Check your postal mail and inbox for official settlement notices from the case administrator.
This settlement reflects a broader trend of credit unions and banks facing legal challenges over overdraft fee practices. Similar to recent banking fee settlements, financial institutions are increasingly settling overdraft litigation to avoid prolonged legal battles.
The Consumer Financial Protection Bureau continues scrutinizing overdraft practices industry-wide. In January 2025, the CFPB finalized a rule capping overdraft fees at $5 for financial institutions with over $10 billion in assets—though this rule faces legal challenges from banking industry groups.
Are You Eligible for This Settlement?
You qualify if you meet these two criteria:
1. TTCU Membership: You currently have or previously had a checking account with TTCU Federal Credit Union, TTCU The Credit Union, or Tulsa Teachers Credit Union (the credit union’s former names).
2. Fee Charges: You were charged at least one overdraft fee, insufficient funds fee, overdraft transfer fee, ACH RET fee, or APSN fee between August 31, 2015 and May 1, 2024.
Check your old bank statements if you’re unsure. Look for fees labeled as “OD Fee,” “NSF Fee,” “Overdraft,” “Insufficient Funds,” “ACH RET FEE,” or similar charges during the nearly nine-year settlement period.
Former TTCU members who closed accounts years ago still qualify if they paid covered fees during the class period. The settlement administrator will locate you using TTCU’s records and send checks to your last known address or updated address if you contact them.
When Legal Advice May Help
Most TTCU members should accept the automatic settlement payment. It requires zero effort and provides fair compensation for the fees you paid.
However, if you suffered extraordinary damages from TTCU’s overdraft practices—such as cascading financial problems, account closures, credit score damage, or fees totaling thousands of dollars—you might want to consult a consumer protection attorney before March 8, 2026.
Opting out by the March 8 deadline preserves your right to file an individual lawsuit against TTCU. This makes sense only if your damages significantly exceed what the class settlement would pay and you’re willing to hire an attorney at your own expense (or find one who’ll work on contingency).
For 99% of class members, the automatic payment process is the simplest and most cost-effective option. Consumer attorneys typically only recommend opting out when individual damages exceed $5,000-$10,000 and strong evidence exists to support your claims.
Where to Find Official Information
The official settlement website is LeeBankFeesSettlement.com. Visit this site for complete settlement details, legal documents, FAQs, and updates on the approval process.
For questions, contact the settlement administrator:
- Email: [email protected]
- Phone: 833-604-2024
- Mail: Lee v. TTCU Federal Credit Union, Attn: Settlement Administrator, P.O. Box 301134, Los Angeles, CA 90030-1134
For questions about your TTCU account history or which fees you were charged, contact TTCU Federal Credit Union customer service directly.
Court documents are publicly available through the Muskogee County District Court clerk’s office for Case No. CJ-2020-283.
Be alert for scam emails or calls claiming to be from the settlement. Always verify communications by visiting the official website at LeeBankFeesSettlement.com or calling the verified phone number 833-604-2024.
FAQs
What is the TTCU overdraft fees settlement about?
TTCU Federal Credit Union agreed to pay $3 million to settle claims it improperly charged overdraft fees, insufficient funds fees, and related charges between August 2015 and May 2024 in violation of account agreements.
How much is the TTCU settlement worth?
The total settlement is $3 million cash plus approximately $1 million in forgiven uncollected fees. Individual payments vary based on fees paid and total class participation.
Which TTCU members are affected?
Current and former members who had checking accounts and were charged overdraft fees, NSF fees, APSN fees, ACH RET fees, or overdraft transfer fees between August 31, 2015 and May 1, 2024.
Am I eligible for this settlement?
Yes, if you had a TTCU checking account and paid any of the covered fee types during the class period. No action is required—you’ll receive automatic payment unless you opt out.
What is the claim deadline?
There is no claim deadline because no claim form is required. However, March 8, 2026 is the deadline to opt out or object if you want to preserve individual legal rights.
How much compensation can I receive?
Payment amounts depend on how many qualifying fees you paid and how many class members participate. Expect payments ranging from $10 to $150 based on similar settlements, though exact amounts aren’t yet determined.
What documentation do I need?
None. TTCU will automatically identify eligible members based on internal account records. Current members get account credits, former members get mailed checks.
How do I submit my claim?
You don’t submit a claim. Payments are automatic for all eligible class members. Visit LeeBankFeesSettlement.com or call 833-604-2024 if you have questions about your eligibility or payment.
When will I receive my payment?
Approximately 90 days after the April 28, 2026 final approval hearing—likely late July or early August 2026 if the court approves the settlement.
Last Updated: February 11, 2026
Disclaimer: This article provides general information about the TTCU Federal Credit Union overdraft fees class action settlement and is not legal advice. For questions specific to your situation, visit LeeBankFeesSettlement.com or contact the settlement administrator.
What to Do Next: Visit LeeBankFeesSettlement.com for complete settlement information. Check your mail for official notices. Ensure TTCU has your current address if you’re a former member.
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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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