ELGA Credit Union ATM Class Action Settlement

ELGA Credit Union ATM Class Action Settlement

By Matt O’Donnell

ELGA Credit Union has reached a class action lawsuit settlement over charging ATM fees without properly posting a fee notice. The ATM fee settlement includes anyone who was charged a fee for using an ELGA Credit Union ATM at six locations in Michigan.

The ELGA Credit Union ATM settlement resolves a class action lawsuit, titled Kinder v. ELGA Credit Union, that alleges ELGA violated the Electronic Funds Transfer Act by not externally posting a fee notice on its ATMs. As a result, anyone who used the ATMs to access a personal (not business) account between April 16, 2009 and September 3, 2009 is considered a Class Member and eligible to receive cash benefits of up to $250 from the class action lawsuit settlement.

(See a list of the eligible ATMs here.)

ELGA Credit Union has stated that during the class period, there were approximately 2,943 transactions involving an estimated 2,269 cardholders who were charged ATM fees at the subject ATMs. ELGA has agreed to establish a Settlement Fund of $60,000 to settle the case. Class Members may make a claim under the ELGA ATM fee settlement to receive a pro rata share of the settlement, up to a maximum of $250.  

To receive your pro rata share of the ELGA ATM fee class action settlement, you must submit a completed claim form postmarked by August 8, 2011 to the Settlement Administrator. This is the same deadline to exclude yourself from the settlement.

You can find claim forms and more information on your rights in the ELGA Credit Union ATM Fee Class Action Lawsuit settlement at ATMClassSettlement.com.