AOD Federal Credit Union $750K Data Breach Settlement

Current and former customers and other individuals whose personal information the AOD Federal Credit Union data breach that occurred from Aug. 8-9, 2024, potentially compromised may qualify to submit a claim for up to $5,000 and/or credit monitoring from a class action settlement. Information involved in breach included Social Security numbers, dates of birth and account numbers.

AOD Federal Credit Union agreed to pay $750,000 to settle a class action lawsuit alleging it failed to adequately protect customer data, resulting in the potential exposure of sensitive personal information during a cyberattack. The cybersecurity incident impacted approximately 70,000 individuals.

Who can file a claim for a data breach payout?

Class members are individuals whose private information the AOD Federal Credit Union data breach may have been compromised.

How much are settlement payments?

Class members have the following benefit options:

• Cash payment A – documented losses: Class members can claim up to $5,000 for monetary losses resulting from fraud or identity theft related to the data breach.
• Cash payment B – alternate cash: Class members who do not submit a documented losses claim can submit a claim to receive a pro rata cash payment estimated at $75. The settlement administrator will determine the final amount by the total number of claims filed.
• Credit monitoring: All class members can elect to receive two years of free one-bureau credit monitoring services.

How to claim a class action rebate

To receive a settlement payment, class members can file a claim online or print the PDF claim form to complete and mail to the settlement administrator.

Settlement administrator's mailing address: AOD FCU Data Incident Settlement Administrator, P.O. Box 4680, Portland, OR 97208-4680

The claim deadline is Sept. 1, 2026.

Required proof and claim information

• All class members must provide the unique ID from the settlement notice they received. Online claimants must also provide the PIN from the same notice.
• Documented losses claims require supporting documentation of losses, which may include receipts, bills, invoices, bank or credit card statements showing unreimbursed fees or fraudulent charges and other proof of identity or theft.

Payout options

• PayPal
• Venmo
• Zelle
• Paper check mailed to the address provided

Settlement fund

The $750,000 settlement fund of will include:

• Settlement administration costs: To be determined
• Attorneys' fees: Up to $250,000
• Attorneys' costs: To be presented to the court for approval at a later date
• Service awards to class representatives: Up to $2,500 each
• Credit monitoring services: Cost determined by number of claims filed
• Payments to approved claimants: Remaining settlement funds

Important dates

• Deadline to opt out: Aug. 17, 2026
• Deadline to file a claim: Sept. 1, 2026
• Final approval hearing: Sept. 16, 2026

When is the AOD Federal Credit Union data breach settlement payout date?

The settlement administrator will issue payments and credit monitoring information to approved claimants after it completes claim processing or 60 days after the court grants final approval, whichever is later.

Why did this class action settlement happen?

The class action lawsuit claimed a data breach at AOD Federal Credit Union resulted in the potential exposure of sensitive customer information. The plaintiffs alleged the company failed to adequately protect private information, including Social Security numbers and financial account details.

AOD Federal Credit Union denies the allegations but agreed to settle the lawsuit to avoid the expense and risk of continued litigation.

Sources

1. Settlement notice
2. Settlement website
3. Claim form