Settlement Structure: Claims Made
Active: Open
Case Summary:Alaska USA Federal Credit Union is settling a class action alleging it charged members a Retry Fee when Automated Clearing House (ACH) and check transactions were resubmitted by a merchant after they had previously been rejected for insufficient funds. The complaint alleges that the second fee, for retrying the transaction, was not permitted by Alaska’s account documents.
Docket Number:3:19-cv-00229
Company: Alaska USA Federal Credit Union
Filing Deadline: January 1, 2100
Class Period: November 1, 2016 to September 30, 2019
Objection Deadline: October 18, 2021
Exclusion Deadline: October 18, 2021
Final Approval Hearing: November 16, 2021
Proof of Purchase:You do not need to submit a claim form or provide proof. Presumably Alaska records are being used to identify class members.
Eligibility:You may be eligible if you are a former or current member of Alaska USA Federal Credit Union who was charged a Non-Sufficient Funds Fee for Automated Clearing House (ACH) or check transactions that were resubmitted by a merchant for payment after they were previously rejected due to insufficient funds, between November 1, 2016 and September 30, 2019. Members who opened their accounts after October 1, 2018 are not included
Typical Settlement Amount:Share of the net settlement fund, according to a formula in the Settlement Agreement. Current members will receive their payment as a credit to their account; former members will receive a check. Some class members with unpaid Retry Fees will receive forgiveness.
Total Settlement Amount: $836,000 for settlement fund; $372,447 for forgiveness of unpaid Retry Fees
Class Representative Proposed Incentive Fee:$5,000
Law Firms:
Kaliel Gold PLLC
Kopelowitz Ostrow Ferguson Weiselberg
Pace Law Offices
Case Name: Christine Coleman v. Alaska USA Federal Credit Union
Settlement Website: Alaska USA Federal Credit Union Retry Fee Settlement Website
Claims Administrator:
Epiq Class Action & Claims Solutions, Inc.
Coleman v. Alaska USA FCU
c/o Settlement Administrator
P.O. Box 6427
Portland, OR 97228-6427
855-535-1848
