Roman et al v. McCoy Federal Credit Union

In the Circuit Court of the Eighteenth Judicial Circuit In and For Seminole County, Florida
Case No. 2021 CA 000252

Welcome to the Settlement Website for the Roman et al v. McCoy Federal Credit Union

COURT ORDERED NOTICE OF CLASS ACTION SETTLEMENT

IF YOU WERE ASSESSED A RELEVANT FEE BY MCCOY FEDERAL CREDIT UNION, YOU COULD GET A PAYMENT FROM A CLASS ACTION SETTLEMENT.

  1. The settlement provides $1,000,000 (the “Settlement Fund”) in payments or account credits and $400,000.00 in Debt Forgiveness, to settle claims relating to certain fees (defined in footnote 1 below) that McCoy Federal Credit Union (“Defendant”) charged between January 28, 2016, and June 30, 2021.

  2. Class Members who do nothing will automatically receive a check, account credit, and/or debt forgiveness. These payments and credits will be from the Net Settlement Fund based on a percentage of the amount of applicable fees paid. The amount of these payments will be determined by an independent settlement administrator and not by Defendant. You are a Class Member if the noticewas addressed to you.

  3. Your legal rights are affected, so please read the notice carefully.

    4. YOUR LEGAL RIGHTS AND OPTIONS IN THIS SETTLEMENT:

    DO NOTHING

    Automatically receive a settlement check or account credit or debt forgiveness once the settlement is finally approved. Give up the right to bring a separate lawsuit about the same issue.

    EXCLUDE YOURSELF

    Get no benefits from the settlement. Keep the right to bring a separate lawsuit about the same issue at your own expense.

    OBJECT

    Write to the Court about why you don’t like the settlement. If the settlement is approved, you will still automatically receive a check or account credit or debt forgiveness and give up the right to bring a separate lawsuit about the same issue.

  4. [1] “Relevant Fees” means the fees complained of in the Complaint, namely overdraft fees charged by Defendant during the Class Period on debit card transactions that were initiated when the customer’s account contained a positive available balance sufficient to cover the transaction, but which later settled into a negative account balance and Non-sufficient Funds (“NSF”) Fees assessed on second or third presentments of a check or ACH transaction.

  5. These rights and options—and the deadlines to exercise them—are explained in the notice.

  6. Please be patient while the Court decides whether to approve the settlement.

Upcoming Important Dates

Objection Deadline

3/10/2024

Opt Out Deadline

3/10/2024

Final Approval Hearing

5/2/2024

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