.png)
If you are a person in the United States whose private information was potentially accessible due to a FloridaCentral Credit Union data incident, you may be eligible to submit a claim for up to $5,000 from a class action settlement.
FloridaCentral Credit Union has agreed to pay $1,000,000 to settle a class action lawsuit for alleged negligence, breach of implied contract, breach of fiduciary duty, and unjust enrichment.
Who can file a claim for a data breach settlement payout?
To be eligible to submit a claim, the following criteria must be met:
- You are a person in the United States whose private information was potentially accessible due to the data incident.
- You received a notification from FloridaCentral Credit Union indicating that your private information was potentially accessible as a result of the breach.
How much is the FloridaCentral claim payment?
Class members have the following options:
- Cash Payment A – Documented Losses: Eligible for up to $5,000 in documented monetary losses due to the data breach incident.
- Cash Payment B – Flat Cash Payment: An estimated $100, available as an alternative to a Documented Losses claim.
- Credit Monitoring: Three years of one-bureau monitoring and identity theft insurance coverage and recover services for up to $1,000,000.
Cash payment amounts are subject to a pro rate increase or reduction, based upon the number of valid claims submitted.
How to claim a data breach class action payout
To claim a settlement payment, class members must complete and submit a claim form. You can file a claim online or print the PDF claim form and mail it to the settlement administrator. The deadline for claim submission is June 2, 2025.
Settlement Administrator's mailing address: FloridaCentral Credit Union Settlement Administration, c/o Kroll Settlement Administration LLC, PO Box 225391, New York, NY 10150-5391
Required proof
- Class Member ID required to submit online claim.
- Documentation is required for Documented Losses claims.
- Receipts
- Bank or credit card statements
- Invoices for services
Payment options
Class members can choose from the following payment options:
- Electronic payment (online submitters only)
- Check mailed to the address provided
$1.00 Million FloridaCentral CU data breach settlement fund
The settlement fund of $1,000,000 includes
- Attorneys' fees and expenses: Up to $338,333 of the settlement fund
- Settlement administration: To be determined
- Service award to class representative: Up to $2,500
- Credit Monitoring: Costs determined by number of claims filed
- Payments to approved claimants: Remaining settlement funds after other expenses
Important dates
- Deadline to File a Claim: June 2, 2025
- Final Approval Hearing: June 16, 2025
When is the FloridaCentral Credit Union payout date?
The final approval hearing is scheduled for June 16, 2025. Once the court grants approval, claims will be process and payments will be issued to class members with approved claims.
Why was there a class action settlement?
The lawsuit was filed due to a cybersecurity incident that allegedly resulted in negligence, breach of implied contract, breach of fiduciary duty, and unjust enrichment. The parties agreed to settle to avoid the costs and risks of further litigation.
.webp)
.webp)
.webp)
.webp)
.webp)
.webp)
.webp)
.svg)
Comments