The Court held the Final Approval Hearing on August 28, 2020 and granted final approval of the Settlement on the same day. You may view the Court's Order here.
Salal contends that its overdraft and NSF fees were authorized by its Member Account Agreement and denies the claims alleged by Plaintiffs. The Court did not decide in favor of the Plaintiffs or Salal. Instead, both sides agreed to a settlement to avoid the risks and costs associated with a trial, and the people affected will receive compensation.
You are in the Settlement Class if you resided in Washington, were a Salal Credit Union member, and at any point from April 15, 2015 through November 18, 2019 incurred an overdraft fee or an NSF fee for a transaction when the amount of the ledger balance shown in Salal’s record of your account was equal to or greater than the amount of the transaction.