Stanford Federal Credit Union NSF Fee Class Action Settlement
Stanford Federal Credit Union agreed to a $450,000 class action settlement over claims it charged checking account holders improper non-sufficient funds fees between June 19, 2016 and September 22, 2025. Eligible members receive automatic settlement payments with no claim form required.
Estimated payout
Varies (automatic payment, based on qualifying fees charged)
Claim deadline
August 13, 2026
Proof of purchase
Not required
Settlement fund
$450,000
What is the Stanford Federal Credit Union nsf fees settlement about?
The Stanford Federal Credit Union class action settlement (Saldivar v. Stanford Federal Credit Union, Case No. 20cv367408) resolves claims that SFCU charged checking account holders two or more NSF fees on a single ACH transaction or check, or charged an overdraft fee immediately after an NSF fee on the same transaction. The credit union denies wrongdoing but agreed to a $450,000 settlement fund.
This is an automatic-benefit settlement. Eligible class members receive a payment without filing any claim form. Your share of the fund depends on the number of qualifying fees you were charged. The opt-out and objection deadline is August 13, 2026. The final approval hearing is December 10, 2026, and payments are distributed after that.
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Who qualifies to file a claim?
- You held a checking account at Stanford Federal Credit Union between June 19, 2016 and September 22, 2025.
- You were charged two or more NSF fees on the same ACH transaction or check, or an NSF fee followed by an overdraft fee on the same transaction.
How to file a claim
- 1Confirm you are a class member: you held an SFCU checking account between June 19, 2016 and September 22, 2025 and were charged qualifying NSF or overdraft fees.
- 2Review your settlement notice mailed on or around July 14, 2026. It explains your options and estimated payment.
- 3To stay in the settlement: do nothing. You will automatically receive your portion of the $450,000 fund.
- 4To opt out and preserve your right to pursue independent legal claims: contact the settlement administrator at (833) 421-7330 or visit SFCUFeeSettlement.com before August 13, 2026.
- 5Payments are distributed after the court grants final approval at the December 10, 2026 hearing.
Is the Stanford Federal Credit Union settlement legit?
Yes. The Stanford Federal Credit Union nsf fees settlement is a court-supervised class action overseen by the California Superior Court for Santa Clara County (20cv367408) and administered by an official settlement administrator. You file your claim directly with the administrator and keep 100% of any payment — Payout never takes a cut. The fastest way to avoid missing this and other settlements you qualify for is to let Payout match and file for you in minutes.
Frequently asked questions
Find every settlement you’re owed
The Stanford Federal Credit Union settlement is one of nearly 100 active class actions. Download Payout free to see them all and file in minutes — you keep 100% of what you claim.
Before you file
If this is your first claim, how to claim a class action settlement walks through the process end to end, and what class action settlements actually pay per person explains how the amount is decided before you spend time on the form. Many cases need no receipts at all — see settlements with no proof of purchase.