$750,000 iQ Credit Union Overdraft Fees Settlement

Class members include individuals who were charged APSN overdraft fees or retry NSF fees by iQ Credit Union between December 12, 2018, and July 31, 2023.

None required — no claim form is necessary; eligible class members will automatically receive a check or account credit.

About This Settlement

iQ Credit Union is alleged to have improperly charged overdraft fees on transactions that had sufficient funds at the time of authorization (known as APSN fees), as well as NSF fees on the second or third presentment of items that had previously been returned for insufficient funds. The credit union has not admitted any wrongdoing but has agreed to a $750,000 class action settlement to resolve these allegations, which also includes $58,947 in forgiven fees that were assessed but not collected when accounts were closed. This page is for informational purposes only and does not constitute legal advice.

Who Qualifies

• You may be eligible for settlement benefits if you meet the following criteria:
• You held an account with iQ Credit Union
• You were charged an overdraft fee on a transaction that had sufficient funds at the time of authorization (an alleged APSN fee), OR
• You were charged an NSF fee on the second or third presentment of an item that had previously been returned for insufficient funds
• The fees were charged between December 12, 2018, and July 31, 2023
• No proof of purchase or claim form is required — eligible class members who do not exclude themselves will automatically receive settlement benefits

What You May Receive

Your estimated payout varies based on the amount you paid in challenged fees. Class members may receive a cash payment proportional to the total fees they were charged, with those who paid higher fees receiving a larger share of the net settlement fund. No specific per-person payout amount has been guaranteed. For questions about your estimated payment, contact the settlement administrator at ThompsonFeesSettlement.com.

How to File a Claim

1. No claim form is required to receive settlement benefits. However, you should take the following steps to protect your rights:
2. Visit the official settlement website at ThompsonFeesSettlement.com to confirm your eligibility and review settlement details.
3. Verify that you are included in the class — eligible members who do not exclude themselves will automatically receive a settlement payment.
4. If you wish to opt out of or object to the settlement, you must do so by the exclusion and objection deadline of August 19, 2026.
5. If you take no action and qualify as a class member, your payment will be distributed automatically after the settlement is finalized — no further steps are required.

Case Details

Settlement: Thompson v. iQ Credit Union, Case No. 24-2-04242-06
Claim Deadline: August 19, 2026
Settlement Website: ThompsonFeesSettlement.com