Class-action settlement · Open
Stanford Federal Credit Union overdraft and NSF fee settlement
Stanford Federal Credit Union agreed to a $450,000 settlement over claims it charged two or more non-sufficient funds fees, or an NSF fee followed by an overdraft fee, on the same check or ACH transaction. If you held an SFCU checking account between June 19, 2016 and September 22, 2025 and were charged fees that way, you may be eligible. There is nothing to file and no fee at any stage: the fund is divided in proportion to the fees each member was charged, open accounts are credited directly and closed accounts are mailed a check, so the step that matters is making sure the credit union has your current address. Amounts vary by person and are not guaranteed.
There is no claim form for this one. The administrator pays consumers it has already identified, so the useful step is to make sure they can reach you — not to file anything. Anyone offering to file it for you, for a fee, is selling you nothing.
When the money moves
What the official materials say about the payment schedule for this settlement, and what the administrator has published since. Every figure below is linked to the page it was read from.
Expected
The FAQ says the administrator should begin paying within roughly forty days of the court's approval. The final approval hearing is set for December 10, 2026, and sustained objections or an appeal would push that out.
Read off the official notice, in its own words. These dates slip — an appeal can move a distribution by a year or more — so treat it as the administrator's plan rather than a schedule.
Source: the official notice ↗
Facts from the official materials
- Status
- Open
- Type
- Class-action settlement
- Category
- Banking and finance
- Defendant / company
- Stanford Federal Credit Union
- Administrator
- Simpluris (SFCU Fee Settlement)
- Claim deadline
- See official notice
- Eligibility period
- June 19, 2016 – September 22, 2025
- States
- See official notice (often nationwide)
- Proof
- No claim to file — payments are sent automatically
- Possible amount
- Varies — paid automatically, no claim form
- Source confidence
- high
- Last verified
- September 28, 2026
Covered products and services
- Stanford Federal Credit Union checking account
Saldivar, et al. v. Stanford Federal Credit Union · 20cv367408 · Superior Court of California, County of Santa Clara
There is no claim form for this one. The $450,000 fund, less fees, costs and administration, is split among class members in proportion to the number of contested NSF and overdraft fees each was charged, so amounts differ a great deal from person to person and none is guaranteed. Members with an open account are credited directly; members whose account is closed are mailed a check to the address on file, so the useful step is making sure the credit union can still reach you. Nothing is charged at any stage.
Important dates
- Opt-out deadline
- August 13, 2026
- Fairness hearing
- December 10, 2026
Where the settlement fund goes
A $450,000 settlement fund. The FAQ says attorneys' fees, costs, a service award and administration expenses come out of it first, and the balance is divided pro rata by the number of allegedly improper fees each class member was charged.
Why this case happened
The suit alleged that Stanford Federal Credit Union charged more than one non-sufficient funds fee, or an NSF fee followed by an overdraft fee, on the same check or ACH transaction when it was re-presented. The credit union denies wrongdoing and no court decided the claims.
Eligibility questions
These questions help you decide whether to read the official notice. They are not a legal determination.
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Records that share a company, category, or subject with this one. Each is still open, and filing on the official site is free.
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