If you were notified that your information was exposed in the June 2024 LA Financial breach, you may claim up to $5,000 for losses or an alternative cash payment.
What Is This Settlement About?
A $725,000 settlement has been reached to resolve claims arising from a June 2024 cyberattack on LA Financial Federal Credit Union, now known as Credit Union of Southern California. According to the lawsuit, an unauthorized party gained access to the institution's systems on or around June 10, 2024, and the data of 34,866 current and former members and customers was exposed.The lawsuit alleged that the exposed information included names along with dates of birth, Social Security numbers, and financial account information, and that the credit union failed to adequately protect that data. LA Financial Federal Credit Union denies the allegations and has agreed to the settlement to resolve the claims without admitting any wrongdoing. The court has preliminarily approved the agreement, and class members can now file claims.
Who Qualifies?
The settlement class includes all individuals whose personal information was compromised in the June 2024 LA Financial Federal Credit Union data breach and who were sent notice of the incident.There is also a California subclass for settlement class members who were California residents physically located in the state at any time between June 10, 2024 and August 5, 2026. California subclass members are eligible for an additional $100 cash payment on top of the other available benefits. If you received a notice letter about this breach, that letter is the clearest sign you are part of the class.
How Much Can You Get?
Class members can choose between two benefit options. The first is reimbursement of up to $5,000 for documented out-of-pocket losses and expenses fairly traceable to the breach. This can include credit reports purchased between June 10, 2024 and August 5, 2026, the cost of credit monitoring or fraud resolution services, and unreimbursed identity-theft or fraud losses. Documentation is required for this tier.As an alternative, class members who do not submit a documented-loss claim can elect a pro rata cash payment, estimated at $50 or more. The exact amount depends on how many valid claims are filed against the settlement fund. California subclass members can receive an additional $100 cash payment regardless of which option they choose.
How to File a Claim
Claims are submitted through the official settlement website. To file, you will need the Notice ID or Claim ID printed on the notice that was mailed to class members. If you are claiming documented losses under the up-to-$5,000 tier, you will also need to upload supporting documentation. If you lost your notice or never received one, use the contact form on the official settlement website to request your filing information.This is also a fitting moment to review your accounts and credit. For broader background on protecting yourself after an incident like this, see our data breach settlements hub, and our coverage of the related Cross Valley Federal Credit Union data breach settlement.
Important Deadlines
The deadline to submit a claim is August 5, 2026. The court has scheduled a final approval hearing for July 20, 2026, when it will decide whether to grant final approval of the settlement. Class members who wish to exclude themselves from or object to the settlement must do so by the deadlines stated in the official notice; those dates and instructions are available on the official settlement website.Beware of Scams
Legitimate settlement administrators do not ask you to pay a fee to receive your payment, and they do not request full Social Security numbers or bank passwords by phone or email. File only through the official settlement website, and treat unsolicited messages demanding payment or sensitive details as a warning sign.Frequently Asked Questions
Who is eligible for the LA Financial data breach settlement?
Eligibility is limited to individuals whose personal information was compromised in the June 2024 LA Financial Federal Credit Union data breach and who were sent notice of the incident. A California subclass covers settlement class members who were California residents in the state at any time between June 10, 2024 and August 5, 2026.
How much can class members receive?
Class members can claim up to $5,000 in reimbursement for documented out-of-pocket losses tied to the breach, or instead elect an alternative pro rata cash payment estimated at $50 or more with no documentation of loss. California subclass members are eligible for an additional $100 cash payment. Final amounts depend on the number of valid claims.
What is the deadline to file a claim?
The deadline to submit a claim is August 5, 2026. The court has scheduled a final approval hearing for July 20, 2026.
Do I need proof to file a claim?
Yes. Filing requires the Notice ID or Claim ID printed on the notice mailed to class members, and the up-to-$5,000 documented-loss tier requires supporting documentation of the losses or expenses claimed. If you lost your notice, use the contact form on the official settlement website to request your filing information.
