First Financial Credit Union data breach $1.6M class action settlement

First Financial Credit Union (FFCU) agreed to a $1.6 million settlement to resolve claims it failed to prevent a 2022 data breach that compromised member information.

The settlement benefits current and former First Financial Credit Union members who were notified their personal data may have been affected by a data breach occurring Jan. 17 to Feb. 6, 2022.

Plaintiffs in the class action lawsuit claim First Financial Credit Union’s negligence allowed hackers to gain access to their sensitive personal information. According to the class action lawsuit, First Financial could have prevented the data breach by implementing reasonable cybersecurity measures.

First Financial Credit Union is a credit union based in New Mexico.

First Financial Credit Union hasn’t admitted any wrongdoing but agreed to a $1.6 million settlement to resolve the data breach class action lawsuit.

Under the terms of the FFCU settlement, class members can receive two years of free credit monitoring and insurance services. This benefit includes three-bureau credit monitoring, access to fraud resolution agents and up to $1 million in identity theft insurance.

Monetary benefits are also available as part of the settlement. Class members can receive up to $150 for ordinary data breach expenses, such as bank fees, credit costs and other miscellaneous expenses. Claimants may also claim up to four and a half hours of lost time compensated at a rate of $25 per hour.

Class members who experienced extraordinary losses due to the data breach can receive larger payments of up to $5,000 for documented fraud or identity theft.

Class members who do not wish to receive reimbursement or credit monitoring benefits can instead opt to receive a one-time payment. Payments will vary depending on the number of claims filed and the amount remaining in the settlement fund after reimbursement claims are paid. 

The deadline for exclusion and objection is April 2, 2024.

The final approval hearing for the settlement is scheduled for April 25, 2024.

To receive settlement benefits, class members must submit a valid claim form by May 2, 2024.

Who’s Eligible

Current and former First Financial Credit Union members who were notified their personal data may have been impacted by a data breach occurring Jan. 17, 2022-Feb. 6, 2022.

Potential Award

$5,150

Proof of Purchase

Account statements, bank statements, receipts (not handwritten), invoices, bills, credit reports, IRS letters and fraudulent tax documents.

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

05/02/2024

Case Name

Briscoe, et al. v. First Financial Credit Union, Case No. D-202-CV-2022-02974, in the New Mexico Second Judicial Circuit Court for Bernalillo County.

Final Hearing

04/25/2024

Settlement Website

FFCUSettlement.com

Claims Administrator

FFCU Data Incident Claims Administrator
P.O. Box 2258
Portland, OR 97208-2258
info@FFCUSettlement.com
888-568-2137

Class Counsel

Ben Barnow
BARNOW AND ASSOCIATES PC

Andrew W Ferich
AHDOOT & WOLFSON PC

Defense Counsel

John C Cleary
POLSINELLI PC