Morrow v. Navy Federal Credit Union

If Navy Federal Credit Union assessed an International Service Assessment Fee (“ISA Fee”) on a purchase you made while physically located in the United States from August 9, 2016, to March 24, 2023, then you may be entitled to a Settlement Class Member Payment from a class action settlement.

The people (called the “Plaintiffs”) who brought the lawsuits against Navy Federal Credit Union (“Navy Federal”) allege that Navy Federal breached its agreements regarding debit card fees by assessing International Service Assessment Fees (“ISA Fees”) on foreign purchases Accountholders made while located in the United States from August 9, 2016, to March 24, 2023. Navy Federal denies the allegations, or that it has done anything wrong. The Court has not decided who is right.

The Settlement affects your legal rights if you are a member of the Settlement Class. The Court has certified the Settlement Class as follows:

All current and past Navy Federal Accountholders who were assessed at least one ISA Fee during the Class Period (from August 9, 2016, to March 24, 2023) for purchases made while they were physically located in the United States.

Summary of Your Options and the Legal Effect of Each Option

File a Claim	You can submit a Claim Form by August 8, 2024. If you are a Settlement Class Member and you submit a Valid Claim you will be eligible to receive a cash Settlement Class Member Payment from the Settlement Fund. For more detailed information, see FAQ 12.
Do Nothing	If you do nothing, meaning you do not opt out and you do not submit a Valid Claim, you will not receive a Settlement Class Member Payment from the Settlement Fund, you will release your legal claims against Navy Federal, and you will be bound by the terms of the Settlement.

These rights and options—and the deadlines to exercise them—along with the material terms of the Settlement are explained in the Notice and in the Frequently Asked Questions page of this website.