lawsuit settlement with cash Credit/Shutterstock

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.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Peter Strozniak


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.