Stanford Federal Credit Union NSF fee settlement (Saldivar)
Saldivar, et al. v. Stanford Federal Credit Union
Also known as Stanford FCU; SFCU; Saldivar v. Stanford Federal Credit Union; SFCU fee settlement; 20CV367408
The lawsuit claimed Stanford FCU charged repeat NSF fees, or an overdraft fee, on the same re-presented item.
Copied from the official notice. Last compared Nov 7, 2026.
- You could get
- A share of the fund $450,000 fund, split among everyone who files.
Source
“Share of $450,000, by number of fees charged”
From the administrator site: Official FAQ. Last compared Nov 7, 2026.
- Claims
- No claim form needed
Source
“Stanford Federal Credit Union members whose accounts are currently open will receive Settlement funds via a direct credit to the account. If your account is closed, you will receive Settlement funds via check mailed to your residence of record. ... to change your address for purposes of receiving a payment, you should contact the Settlement Administrator as follows:”
From the administrator site: Official FAQ. Last compared Nov 7, 2026.
- Who can file
- Stanford FCU member charged repeat NSF fees, 6/2016 to 9/2025
Source
“all Stanford Federal Credit Union members who have or have had accounts with Stanford Federal Credit Union who from June 19, 2016 through September 22, 2025, were charged two or more NSF Fees or an NSF Fee followed by an Overdraft Fee on the same ACH transaction or check.”
From the administrator site: Official FAQ. Last compared Nov 7, 2026.
- Where
- Anywhere in the U.S.
Source
“all Stanford Federal Credit Union members who have or have had accounts with Stanford Federal Credit Union who from June 19, 2016 through September 22, 2025, were charged two or more NSF Fees or an NSF Fee followed by an Overdraft Fee on the same ACH transaction or check.”
From the administrator site: Official FAQ. Last compared Nov 7, 2026.
Quick answers
How much is the Stanford Federal Credit Union NSF fee settlement (Saldivar) payout?
A share of the fund. $450,000 fund, split among everyone who files.
Do I need to file a claim for the Stanford Federal Credit Union NSF fee settlement (Saldivar)?
No claim form. Payment is automatic. Payment is automatic: open accounts get a direct credit, and closed accounts get a check mailed to your residence of record. To change your address, contact the settlement administrator.
When will the Stanford Federal Credit Union NSF fee settlement (Saldivar) pay?
Payment can only happen after the court gives final approval and any appeals are over.
The final approval hearing is set for Dec 10, 2026.
Is the Stanford Federal Credit Union NSF fee settlement (Saldivar) legit?
The settlement administrator (the company that handles claims) is Simpluris, and the official site is www.sfcufeesettlement.com. Real notices point there; if a link in a message goes anywhere else, do not use it.
The official site never asks you to pay to file.
Also ending this week
Related settlements
Confirm with the administrator before you act.
Case details
- Case
- Saldivar, et al. v. Stanford Federal Credit Union
- Court
- Superior Court of California, County of Santa Clara
- Case number
- 20CV367408
- Administrator
- Simpluris
- Official site
- www.sfcufeesettlement.com
- Settlement fund
- $450,000
- Full payout terms
- Share of $450,000, by number of fees chargedA share of what is left of the $450,000 fund after attorneys' fees (up to one-third requested) and costs, service awards and administration costs (capped at $22,000), divided in proportion to the number of allegedly improper NSF and Overdraft Fees you incurred. Open accounts get a direct credit; closed accounts get a check mailed to your residence of record.
Other dates
- Opt-out (exclusion) deadline
- (passed) source document
- Objection deadline
- (passed) source document
- Final approval hearing
- (ahead) source document
The court’s exact words
all Stanford Federal Credit Union members who have or have had accounts with Stanford Federal Credit Union who from June 19, 2016 through September 22, 2025, were charged two or more NSF Fees or an NSF Fee followed by an Overdraft Fee on the same ACH transaction or check.
Quoted from the official notice. Read the notice for the full definition.
Our notes: Current and former Stanford Federal Credit Union members who, from June 19, 2016 through September 22, 2025, were charged two or more NSF Fees, or an NSF Fee followed by an Overdraft Fee, on the same ACH transaction or check (the home page and notice headline say 'checking account'). The FAQ says anyone who got a notice by mail or email is a class member per the credit union's records. Excluded (Settlement Agreement): Stanford Federal Credit Union, its parents, subsidiaries, affiliates, officers and directors; members who opted out; and all judges assigned to the case and their immediate family members.
You may be included if Stanford FCU charged you two or more NSF Fees, or an NSF Fee then an Overdraft Fee, on the same ACH item or check.
It covers current and former members charged these fees from June 19, 2016 through September 22, 2025.
You are not included if you are SFCU or its parent, subsidiary, affiliate, officer or director, a case judge or their family, or opted out.
Sources and checks (5)
Every fact people act on was copied from the official source and compared with it. How we check
- Official settlement website home page administrator site
- Official FAQ administrator site
- Official important dates page administrator site
- Notice of Pending Class Action and Proposed Settlement (PDF linked from the official site) administrator site
- Settlement Agreement (PDF linked from the official site) administrator site
What changedLast change Oct 31, 2026
- Page created. No claim form: payment is automatic. source document
Questions
I already filed. What now?
There is no claim form, so there was nothing to file. The administrator pays class members automatically, usually after final approval and any appeals. Never pay anyone to check on a payment.