$700K Cinfed Federal Credit Union data breach class action settlement

Cinfed Federal Credit Union agreed to a $700,000 class action lawsuit settlement to resolve claims it failed to prevent a 2023 data breach that compromised sensitive consumer information.

The Cinfed Federal Credit Union settlement benefits individuals whose private information the Cinfed Federal Credit Union data breach compromised between Sept. 22-25, 2023.

The Cinfed Federal Credit Union class action lawsuit claims the credit union failed to implement reasonable cybersecurity measures, which allowed a data breach to occur in Sept. 2023. During the Cinfed Federal Credit Union data breach, an unauthorized third party allegedly gained access to sensitive consumer information, including Social Security numbers and financial information.

Cinfed Federal Credit Union is a member-owned financial institution based in Cincinnati, Ohio.

Cinfed Federal Credit Union hasn’t admitted any wrongdoing but agreed to pay $700,000 to resolve these allegations.

Under the terms of the Cinfed Federal Credit Union settlement, class members can receive up to $5,000 for documented out-of-pocket expenses related to the data breach. This includes unreimbursed fraud or identity theft losses, professional fees, credit expenses, transportation costs, verified fraud, miscellaneous expenses and other unreimbursed expenses linked to the Cinfed Federal Credit Union data breach.

Class members can also receive a pro rata cash payment from the settlement. These payments are estimated at $65 but may increase or decrease based on the number of claims filed with the settlement.

The deadline for exclusion and objection was Dec. 10, 2024.

The final approval hearing for the Cinfed Federal Credit Union data breach settlement is scheduled for Feb. 11, 2025.

To receive settlement benefits, class members must submit a valid claim form by Jan. 8, 2025.

Who’s Eligible

Individuals whose private information the Cinfed Federal Credit Union data breach compromised between Sept. 22-25, 2023

Potential Award

$5,065

Proof of Purchase

Documentation of expenses, such as bank statements, credit reports, receipts, invoices, bills, etc.

Claim Form

NOTE: If you do not qualify for this settlement do NOT file a claim.

Remember: you are submitting your claim under penalty of perjury. You are also harming other eligible Class Members by submitting a fraudulent claim. If you’re unsure if you qualify, please read the FAQ section of the Settlement Administrator’s website to ensure you meet all standards (Top Class Actions is not a Settlement Administrator). If you don’t qualify for this settlement, check out our database of other open class action settlements you may be eligible for.

Claim Form Deadline

01/08/2025

Case Name

In re: Cinfed Federal Credit Union Data Breach Litigation, Case No. 1:23-cv-00776-DRC-SKB, in the U.S. District Court for the Southern District of Ohio

Final Hearing

02/11/2025

Settlement Website

CinfedDataSettlement.com

Claims Administrator

Cinfed Settlement Administrator
P.O. Box 25226
Santa Ana, CA 92799
888-232-1566

Class Counsel

Terence R Coates
MARKOVITS STOCK & DEMARCO LLC

Philip J Krzeski
CHESTNUT CAMBRONNE

Defense Counsel

James A Slater
Sam A Camardo
BAKER & HOSTETLER LLP