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The $8.3 billion Desert Financial Credit Union in Phoenix, Ariz., and the $3.2 billion Empower Federal Credit Union in Syracuse, N.Y., have settled overdraft/non-sufficient funds (OD/NSF) class action lawsuits for $11 million. What's more, members recently filed four OD/NSF lawsuits that are pending in federal courts against the $166 billion Navy Federal Credit Union in Vienna, Va., the $494 million Advantage Federal Credit Union in Rochester, N.Y., the $430 million Credit Union of New Jersey in Ewing, and the $609 million R.I.A. Federal Credit Union in Bettendorf, Iowa.
According to court filings from Arizona's Superior Court for Maricopa County, Desert Financial member Bernadette Dominque alleged the credit union incorrectly charged overdraft fees between June 1, 2014 and Nov. 1, 2017, on non-PIN debit card transactions that authorized against a sufficient available balance and settled against an insufficient available balance.
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