$2.5M Apple Federal Credit Union overdraft fees class action settlement

Apple Federal Credit Union has agreed to a $2.5 million class action lawsuit settlement to resolve claims it charged unfair overdraft fees on ATM withdrawals and transfers and debit card payments.

The settlement benefits individuals who have or had a checking account with Apple Federal Credit Union and were charged an overdraft fee between Jan. 7, 2021, and March 31, 2024.

According to the class action lawsuit, Apple Federal Credit Union charged overdraft fees on transactions that were “authorized positive but settled negative.” The credit union allegedly charged these fees despite promising not to do so in its account agreements.

Apple Federal Credit Union is a financial institution based in Virginia that serves more than 200,000 members.

Apple Federal Credit Union has not admitted any wrongdoing but agreed to the $2.5 million settlement to resolve the overdraft fees class action lawsuit.

Under the terms of the Apple Federal Credit Union settlement, class members can receive a cash payment based on the amount they were charged in overdraft fees.

Class members who were charged $100 or less in fees will receive a proportional share of the net settlement fund, while those who were charged more than $100 in fees will receive a proportional share, up to a maximum payment of $100.

The deadline for exclusion and objection is April 20, 2025.

The final approval hearing for the Apple Federal Credit Union overdraft fees settlement is scheduled for June 17, 2025.

No claim form is required to benefit from the settlement. Class members who do not exclude themselves will automatically receive settlement benefits.

Who’s Eligible

Individuals who have or had a checking account with Apple Federal Credit Union and were charged an overdraft fee between Jan. 7, 2021, and March 31, 2024.

Potential Award

Varies

Proof of Purchase

N/A

Claim Form Deadline

There is no claim filing deadline. Class members who do not exclude themselves will automatically receive settlement benefits.

Case Name

Virginia is for Movers LLC, et al. v. Apple Federal Credit Union, Case No. 1:23-cv-00576, in the United States District Court for the Eastern District of Virginia, Alexandria Division

Final Hearing

06/17/2025

Settlement Website

MoversFeeSettlement.com

Claims Administrator

Virginia is for Movers v. Apple Federal Credit Union Settlement Administrator
P.O. Box 301130
Los Angeles, CA 90030-1130
[email protected]
833-419-4790

Class Counsel

Lynn A. Troops
Vess A. Miller
Lisa M. LaFornara
COHEN & MALAD LLP

J. Gerard Stranch IV
STRANCH, JENNINGS & GARVEY PLLC

Devon J. Munro
MUNRO BYRD P.C.

Defense Counsel

Stuart M. Richter
KATTEN MUCHIN ROSENMAN LLP

Bryan J. Healy
Clair E. Wischusen
GORDON REES SCULLY MANSUKHANI LLP