Navy Federal Credit Union ISA fees $5.5M class action settlement (2024)

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Lawsuit Filed

Class Certified

Settlement Approved

Open for Claims

Status: In progress

Morrow, et al. v. Navy Federal Credit Union

  • Deadline to file a claim: 06/07/2024
  • Proof of Purchase Required: No
  • Potential Individual Reward: $4
  • Total Settlement Amount: $5.5 million
  • Nationwide

    Status: In progress

    Morrow, et al. v. Navy Federal Credit Union

    • Deadline to file a claim: 06/07/2024
    • Proof of Purchase Required: No
    • Potential Individual Reward: $4
    • Total Settlement Amount: $5.5 million
    • Nationwide

      Status: In progress

      Morrow, et al. v. Navy Federal Credit Union

      • Deadline to file a claim: 06/07/2024
      • Proof of Purchase Required: No
      • Potential Individual Reward: $4
      • Total Settlement Amount: $5.5 million
      • Nationwide

        Status: In progress

        Morrow, et al. v. Navy Federal Credit Union

        The settlement class is composed of all Navy Federal account holders who were charged at least one ISA fee for transactions conducted in the United States between Aug. 9, 2016, and March 24, 2023.

        • Deadline to file a claim: 06/07/2024
        • Proof of Purchase Required: No
        • Potential Individual Reward: $4
        • Total Settlement Amount: $5.5 million
        • Nationwide

          Top Class Actions|January 31, 2024

          Category: Closed Class Actions

          Follow Article

          This settlement is closed!

          Please see what other class action settlements you might qualifyto claim cash from in ourOpen Settlementsdirectory!

          Navy Federal Credit Union ISA fees $5.5M class action settlement (10)

          Updates:

          • The opt-out deadline is now June 24, 2024.
          • The claim deadline is now Aug. 8, 2024.
          • The final hearing date is now July 24, 2024.

          Navy Federal Credit Union (NFCU) agreed to a $5.5 million settlement in a class action lawsuit that claimed it breached its agreements with account holders by assessing fees on debit transactions.

          The settlement class is composed of all Navy Federal account holders charged at least one ISA fee for transactions conducted in the United States between Aug. 9, 2016, and March 24, 2023.

          The plaintiffs in the case alleged that within the class period, the defendant committed a breach of contract and breach of the implied covenant of good faith and fair dealing by charging an international service assessment (ISA) fee for transactions made in the U.S.

          Navy Federal Credit Union has refuted any wrongdoing, asserting that the lawsuit lacks merit and that the company assessed the fees properly and per the terms of the debit card disclosure provided to new members when they open a debit card.

          Navy Federal Credit Union is a not-for-profit credit union exclusively serving the military, veterans and their families. The company serves over 13 million customers in the U.S.

          NFCU will pay $5,500,000 into a settlement fund, and eligible class members can receive financial compensation if the class action lawsuit settlement is approved and becomes final.

          Class members must submit a claim form online or by mail to receive a payment. Class members can access the online form by entering a unique ID and PIN previously mailed out. The maximum possible base payment is $4.

          If there are remaining funds in the net settlement fund after the total base payments are determined, the surplus will be paid to class members who submitted valid claims and incurred ISA fees exceeding $4 during the class period. This additional payment will be the amount equal to each of the class member’s respective actual ISA fees, less $4. If insufficient funds remain to pay those eligible an additional payment in the total amount of their respective actual ISA fees, the payments will be reduced pro rata.

          The deadline for exclusion and objection is June 24, 2024.

          A final approval hearing in the Navy Federal Credit Union class action lawsuit settlement will take place July 24, 2024.

          The claim form submission deadline is August 8, 2024.

          Who’s Eligible

          All Navy Federal account holders who were charged at least one ISA fee for transactions conducted in the United States between Aug. 9, 2016, and March 24, 2023.

          Potential Award

          $4

          Proof of Purchase

          N/A

          Claim Form

          NOTE: If you do not qualify for this settlement do NOT file a claim.

          Remember: you are submitting your claim under penalty of perjury. You are also harming other eligible Class Members by submitting a fraudulent claim. If you’re unsure if you qualify, please read the FAQ section of the Settlement Administrator’s website to ensure you meet all standards (Top Class Actions is not a Settlement Administrator). If you don’t qualify for this settlement, check out our database of other open class action settlements you may be eligible for.

          Claim Form Deadline

          06/07/2024

          Case Name

          Morrow, et al. v. Navy Federal Credit Union, Case No. 1:21-cv-722, in the U.S. District Court for the Eastern District of Virginia, Alexandria Division

          Final Hearing

          05/23/24

          Settlement Website

          Claims Administrator

          Morrow v. Navy Federal Settlement Administrator
          PO Box 2329
          Portland, OR 97208-2329
          877-581-8129

          Class Counsel

          Sophia Gold
          KALIELGOLD PLLC

          Jeff Ostrow
          KOPELOWITZ OSTROW P.A.

          (Eddie) Jae K. Kim
          LYNCH CARPENTER LLP

          David Wilkerson
          THE VAN WINKLE LAW FIRM

          Defense Counsel

          Michael Gottlieb
          Meryl Governski
          Nicholas Reddick
          WILKIE FARR & GALLAGHER LLP

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          1. Glenda H says:

            May 21, 2024 at 9:02 am

            I m battling them concerning my Credit Card with them. I got hacked back in Jun 2023. Hacker managed to shut down my mobile phone (Cricket svc), got into my account, dont know how since I dont bank on phone. Trf what I had on my credit card to my checking, then used the Zelle App to forward all to a phone number. Mind you, Navy should of known, as Ive never used Zelle. They reluctantly gave me my money back, but stated they charging me a “cash Advance fee” til the whole amount I had originally is paid back. The problem is they KEEP charging me every month since then, even when the amount was fulfilled a few months later. Ive never used the cash advance, as I know it is a higher interest rate. I had to file complaint. And, as you have seen, they are not FOR the military, veterans.

            Reply

          2. Dominique Floyd says:

            May 18, 2024 at 8:00 am

            Iam a member was a couple years

            Reply

          3. TERRI Tanner says:

            April 9, 2024 at 3:12 pm

            Add me a member for along time

            Reply

          4. Riley Vercher III says:

            February 14, 2024 at 2:20 pm

            Please add me to this class action lawsuit.

            Reply

          5. Ginna Currie says:

            February 11, 2024 at 6:46 pm

            Please add my name.

            Reply

          « Previous123

          Leave a Reply

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          31 thoughts onNavy Federal Credit Union ISA fees $5.5M class action settlement

          1. Glenda H says:

            May 21, 2024 at 9:02 am

            I m battling them concerning my Credit Card with them. I got hacked back in Jun 2023. Hacker managed to shut down my mobile phone (Cricket svc), got into my account, dont know how since I dont bank on phone. Trf what I had on my credit card to my checking, then used the Zelle App to forward all to a phone number. Mind you, Navy should of known, as Ive never used Zelle. They reluctantly gave me my money back, but stated they charging me a “cash Advance fee” til the whole amount I had originally is paid back. The problem is they KEEP charging me every month since then, even when the amount was fulfilled a few months later. Ive never used the cash advance, as I know it is a higher interest rate. I had to file complaint. And, as you have seen, they are not FOR the military, veterans.

            Reply

          2. Dominique Floyd says:

            May 18, 2024 at 8:00 am

            Iam a member was a couple years

            Reply

          3. TERRI Tanner says:

            April 9, 2024 at 3:12 pm

            Add me a member for along time

            Reply

          4. Riley Vercher III says:

            February 14, 2024 at 2:20 pm

            Please add me to this class action lawsuit.

            Reply

          5. Ginna Currie says:

            February 11, 2024 at 6:46 pm

            Please add my name.

            Reply

          « Previous123

          Leave a Reply

          Please note: Top Class Actions is not a settlementadministrator or law firm. Top Class Actions is a legal news sourcethat reports on class action lawsuits, class action settlements,drug injury lawsuits and product liability lawsuits. Top ClassActions does not process claims and we cannot advise you on thestatus of any class action settlement claim. You must contact thesettlement administrator or your attorney for any updates regardingyour claim status, claim form or questions about when payments areexpected to be mailed out.

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          Navy Federal Credit Union ISA fees $5.5M class action settlement (2024)
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