Heritage Federal Credit Union Overdraft Fee Settlement: Who Gets Paid

The notice does not say what any individual payment or credit will be. It also does not say when a person’s status as a current or former member is determined.

The $635,000 fund is reduced by approved deductions. The March 6, 2026 final order awards $211,666.67 in attorney fees, $49,077.02 in litigation expenses, and a $10,000 service award. Administrator and other applicable settlement expenses also affect the net fund. The notice’s 40–60-day payment estimate is historical and does not confirm that money was sent. Order checked September 9, 2026: https://www.lowebankfeessettlement.com/media/6774280/heo_order_granting_final_approval.pdf

• The notice does not give a fixed dollar amount for each person. The available fund is reduced by Court-approved attorneys’ fees and costs, a possible service award for the Named Plaintiff, fee-expert expenses, and settlement-administration costs. The remaining money is divided under formulas in the settlement agreement, which are not included in this notice.
• Current members are to receive an account credit. Former members are to receive a check from the Settlement Administrator.

• No claim form is required. Qualifying members are identified from credit-union records and payment follows the approved distribution plan.
• The notice says people sent a postcard or email were identified in the credit union’s records as Class Members. It does not state that you must send receipts, fee records, or other supporting documents for an automatic payment.

The December 24, 2025 exclusion deadline has passed. These are the notice’s historical instructions, not a currently open option.

• To leave the settlement, mail a letter saying that you elect to be excluded from the Kevin Lowe v. Heritage Federal Credit Union class action. Include your name, the last four digits of your current or former account number or numbers, mailing address, telephone number, and email address.
• Mail the request to the Settlement Administrator at P.O. Box 301130, Los Angeles, CA 90030-1130. It must be postmarked by December 24, 2025.
• If you opt out, you will not receive money or an account credit from this settlement. In return, you keep any right you may have to bring your own claim against Heritage Federal Credit Union over the claims alleged in this case.

The December 24, 2025 objection deadline has passed. The final order states that no class members objected or requested exclusion. Order checked September 9, 2026: https://www.lowebankfeessettlement.com/media/6774280/heo_order_granting_final_approval.pdf

• You may object only if you stay in the settlement. Mail a written objection to the Settlement Administrator, postmarked by December 24, 2025.
• State that you are a Class Member, what you object to, the factual and legal reasons, and whether you plan to attend the hearing. Include your name, address, telephone number, email address if applicable, and signature.
• An objection does not remove you from the settlement. If the Court rejects the objections and approves the settlement, you remain eligible for a payment but give up claims covered by the case.

The Court granted final approval on March 6, 2026 and approved the distribution plan. The notice previously estimated payments or credits about 40–60 days after approval, subject to delays; that estimate does not verify actual distribution. For current payment status or address changes, contact the administrator at 1-888-777-6530 or P.O. Box 301130, Los Angeles, CA 90030-1130. Order checked September 9, 2026: https://www.lowebankfeessettlement.com/media/6774280/heo_order_granting_final_approval.pdf

Current or former Heritage members assessed qualifying fees in the December 20, 2012–April 8, 2025 class period. The March 6, 2026 order defines an APSN class for debit transactions authorized on sufficient funds and settled on negative funds in the same authorized amount, and a Regulation E class for covered debit-card/ATM fees on transactions that did not overdraw the account. This does not include every overdraft fee. Order checked September 9, 2026: https://www.lowebankfeessettlement.com/media/6774280/heo_order_granting_final_approval.pdf

The notice’s front page uses a broad overdraft-fee description, while the later final order specifies the two certified fee classes. Contact the administrator if you are unsure whether your fee is covered.