Heritage Federal Credit Union class action settlement

Heritage Federal Credit Union agreed to a $635,000 class action lawsuit settlement to resolve claims it charged unfair overdraft fees.

The Heritage Federal Credit Union settlement benefits individuals who have or had a checking account with Heritage Federal Credit Union and who were charged an overdraft fee between Dec. 20, 2012, and April 8, 2025.

According to the class action lawsuit, Heritage Federal Credit Union assessed overdraft fees on transactions that did not actually overdraw the account as well as on debit card transactions that were authorized with sufficient funds but settled into a negative balance.

Heritage Federal Credit Union is a financial institution with locations in Indiana and Kentucky.

Heritage Federal Credit Union has not admitted any wrongdoing but agreed to a $635,000 class action settlement to resolve the overdraft fees allegations.

Under the terms of the Heritage Federal Credit Union settlement, payments will be distributed from the $635,000 fund based on the number of overdraft fees each class member was charged during the class period.

Current Heritage Federal Credit Union members will receive their settlement payment as an account credit. Former members will receive their settlement payment as a check.

The deadline for exclusion and objection is Dec. 24, 2025.

The final approval hearing for the Heritage Federal Credit Union settlement is scheduled for March 6, 2026.

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

Who’s Eligible

Current and former Heritage Federal Credit Union members who had a checking account with the credit union and were charged an overdraft fee between Dec. 20, 2012, and April 8, 2025.

Potential Award

Varies.

Proof of Purchase

N/A

Claim Form Deadline

12/24/2025

Case Name

Kevin Lowe v. Heritage Federal Credit Union, Case No. 87C01-2212-PL-002165, in the Circuit Court of Warrick County, Indiana

Final Hearing

03/06/2026

Settlement Website

LoweBankFeesSettlement.com

Claims Administrator

Kevin Lowe v. Heritage Federal Credit Union
Attn: Settlement Administrator
P.O. Box 301130
Los Angeles, CA 90030-1130
888-777-6530

Class Counsel

Lynn A. Toops
COHEN & MALAD LLP

Defense Counsel

Brett J. Ashton
Libby Y. Goodnight
Kay Dee Baird
KRIEG DEVAULT LLP

Rhett D. Gonterman
GONTERMAN & MEYER LAW LLC