If C-Plant Federal Credit Union charged you certain overdraft fees on signature-based debit card transactions, you may be eligible to receive a payment from a $1.05 million class action settlement.
The settlement resolves claims that the credit union improperly charged overdraft fees on certain debit card transactions that were authorized when an account had sufficient funds and later settled in the authorized amount.
C-Plant Federal Credit Union denies any wrongdoing but agreed to settle the lawsuit to avoid the expense and risk of continued litigation.
Why does this lawsuit exist?
The lawsuit alleged that C-Plant Federal Credit Union improperly charged overdraft fees on certain signature-based debit card transactions.
Specifically, the claims involve transactions that:
We were authorized when the account had sufficient funds available
Settled at the authorized amount
Resulted in an overdraft fee being charged
The lawsuit claimed these practices violated the Kentucky Consumer Protection Act. C-Plant denies the allegations and maintains its fees were assessed in accordance with its account agreements and applicable law.
Who qualifies for the settlement?
You may be included in the settlement if:
C-Plant Federal Credit Union charged you one or more qualifying overdraft fees
The fee was charged on a signature-based debit card transaction that was authorized on sufficient funds and settled in the authorized amount
The fee was charged between July 14, 2013, and August 25, 2025
Current and former account holders who meet these requirements may be eligible.
How much can you receive?
C-Plant Federal Credit Union agreed to create a $1,050,000 settlement fund.
After approved deductions for attorneys’ fees, litigation expenses, settlement administration costs, and the class representative service award, the remaining funds will be distributed to eligible class members.
Your payment will be:
A pro rata cash payment
Based on the number of qualifying overdraft fees you paid compared with the total qualifying fees paid by all eligible class members
The settlement administrator will calculate individual payment amounts.
What are your options?
Your rights depend on what you choose to do.
| Option | What happens? | Deadline |
|---|---|---|
| Do Nothing | If you qualify, you do not need to submit a claim form. You will automatically receive a settlement check if the settlement receives final approval. In exchange, you will release the claims covered by the settlement. | No action required |
| Exclude Yourself | You can opt out of the settlement. If you exclude yourself, you will not receive a payment but will keep your right to file your own lawsuit regarding the claims in this case. | August 5, 2026 |
| Object to the Settlement | You may submit a written objection explaining why you disagree with the proposed settlement. If the settlement is approved, you will still receive a payment if you qualify and will release the covered claims. | August 5, 2026 |
| Attend the Final Approval Hearing | The court will consider whether to grant final approval to the settlement. | August 28, 2026 |
Do you need to file a claim?
No.
Eligible class members do not need to submit a claim form to receive payment.
If the settlement receives final approval, the settlement administrator will automatically mail checks to eligible class members using the address on file.
Settlement fund breakdown
The $1,050,000 settlement fund includes:
| Category | Amount |
| Settlement administration costs | To be determined |
| Attorneys’ fees | Up to $350,000 plus approved expenses |
| Attorneys’ expenses | To be determined |
| Class representative service award | Up to $5,000 |
| Payments to eligible class members | Remaining settlement funds |
When will payments be sent?
If the court grants final approval, the settlement administrator expects to mail payments approximately 65 days after the settlement becomes final.
