One thing you’ll notice perusing the web and looking at bank reviews is that Navy Federal Credit Union is consistently one of the lowest rated financial institutions. People absolutely hate Navy Federal Credit Union, and for good reason. The list of complaints is extensive. In fact, it would be easier to list the good things I’ve heard about Navy Federal, because that list would have a grand total of zero items. Here is just one example of the kind of conduct Navy Federal Credit Union engages in. It’s a class action lawsuit entitled Dale Driscoll v. Navy Federal Credit Union, 1:13-cv-00137-BPG.
In this action, the plaintiffs are alleging that Navy Federal illegally withdrew funds from deposit accounts to pay delinquent balances in Navy Federal card accounts. It’s alleged this is a violation of the Truth in Lending Act, 15 USC section 1601, et seq. This is a practice whereby Navy Federal would simply take money from your checking account to pay your credit card, if it was past due.
Please note, this is for informational purposes only. This law firm does not represent any party to this litigation.