A recent class action settlement has brought some much-needed relief to thousands of Apple Federal Credit Union (AFCU) members. Due to complaints about excessive charges on ATM withdrawals, debit card payments, and ATM card transfers, the institution has agreed to a $2.5 million settlement. If you were an AFCU member between January 7, 2021, and March 31, 2024, you might be eligible for a portion of this payout.
$2.5M Apple Federal Credit Union Settlement 2025
This class action lawsuit is a response to unfair transaction fees levied on over 200,000 customers. AFCU has decided to resolve the matter by offering settlement to all the aggrieved class memebers. With the final hearing scheduled for June 17, 2025, the time to understand your eligibility and file a claim is now. Here’s a detailed look at the Apple Federal Credit Union Settlement 2025, how it came to be, who qualifies, and how to claim your share.
Apple Federal Credit Union Settlement – Overview
| Article Name | $2.5M Apple Federal Credit Union Settlement 2025 |
| Total Fund | $2.5 Million |
| Country | USA |
| Website | moversfeesettlement.com |
Background of AFCU Class Action Settlement
Before we go into the bank’s extensive details of the whole class action lawsuit it is important that we first understand the background of the whole case. The particular lawsuit was filed by the customers of Apple Federal Credit Union. The plaintiffs claimed that the company had imposed unauthorized or excessive charges on customers between January 7, 2021, and March 31, 2024. Now these charges were imposed on overdrafts, ATM withdrawals, debit card usage and various other similar electronic transactions.
The custom filed a class action lawsuit against AFCU for breach of agreement and improper fee practices. In response to that the company announced a settlement of $2.5 million in order to avoid any further litigation and reimburse the aggrieved members. In the lawsuit the claimants said that these fees violated the institution’s own policies and harmed customer trust.
Are You Eligible For $2.5 Million Apple Federal Credit Union Settlement?
Now in order to receive the payout from the $2.5 Million Class Action Settlement, you should meet one or more of the criteria set in the settlement.
- Firstly you must have held an AFCU account. Furthermore, you must have charged some extra fees for ATM, debit card, or overdraft transactions between the eligible period.
- You must have incurred overdraft fees.
- Another eligibility criteria is that the individuals must have charged either less or more than $100 in fees.
- Many eligible users won’t need to fill any claim form as they’ll automatically receive their share of the settlement unless they opt out of the lawsuit.
So if you had an account with AFCU and at any moment during the eligible time frame you were charged excess fees then most problems you’ll be eligible for this particular lawsuit.
AFCU $2.5 Million Settlement Individual Payout
Currently, there is no particular amount assigned to each class member. However in order to distribute $2.5 Million AFCU Class Action Settlement Payment there are few criteria. Based on those set guidelines the proportionate share of the settlement fund will be disturbed amongst the class members.
- For the customers who were charged less than $100 in fees a certain percentage of the settlement fund will be allocated from which they’ll be paid on a pro rata basis.
- For someone who was charged more than $100 in fees, a higher settlement fund will be created.
- There is also cash payment that is specifically reserved for those individuals who have been charged overdraft fees.
Currently the settlement administrator hasn’t finalized the exact amount to be distributed. As it would only be calculated once they have received all the applications and all the eligible beneficiaries have been identified.
AFCU Settlement Application Process
While many might automatically receive the $2.5 Million Class Action Settlement Payout, some class members still need to complete the application process in order or get their intended money:
- First go to the official website of the settlement which is https://moversfeesettlement.com/
- There you’ll be able to find the AFCU Settlement Form that you need to click on.
- Fill out all the details that are being asked in the form and make sure that it is correct.
- Upload relevant documents, if any, that support your claim (bank statements, fee notifications, etc.).
Currently, there has been no strict deadlines as to when you need to submit the claim form. However, it is important that you complete it as soon as possible before the claim acceptance stops.
$2.5 Million AFCU Settlement Payment Status
You must be very eager to know the status of this whole $2.5 Million Class Action Settlement. Currently the whole settlement is in the final approval stage which means that the eligible claimants will soon be able to receive their payments. Below we have mentioned some of the important updates that you need to know:
- The hearing in which this particular settlement was approved was held in the federal court on June 17, 2025.
- Payouts will begin after the final judgment is approved by the court.
- Eligible members should expect automatic transfers or mailed checks within a few weeks to months after this hearing, depending on processing times.
Currently the settlement administrator has also not mentioned anything about the payment mode. However, as we can see that there are only two ways through which the AFCU will transfer the money to the eligible beneficiaries is either by direct deposit into your account or by physical check if that’s your preference.
All to Know!
So, we hope that you have learned everything about the ongoing $2.5M Apple Federal Credit Union Settlement 2025. This particular settlement comes as an justice to all those customers who have been charged unfair fees over the years. As the class action lawsuit reaches its final stages we can expect the payments to come towards the eligible claimants soon.
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