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Individuals who received notice that the July 2024 Parks Heritage Federal Credit Union data breach compromised their personal information may be eligible to claim up to $4,500 from a class action settlement.
Parks Heritage Federal Credit Union agreed to resolve a class action lawsuit claiming a targeted cyberattack that exposed sensitive customer data, including names, Social Security numbers and financial account information.
Who can file a claim?
Class members must meet the following criteria:
- They reside in the United States.
- The Parks Heritage Federal Credit Union data security incident that occurred between July 17, 2024, and July 27, 2024, compromised their personal information.
- They received notice of the data security incident from Parks Heritage Federal Credit Union.
How much can class members receive?
Class members may be eligible for one of two types of cash payments:
- Cash payment A: documented losses: Class members can receive up to $4,500 for actual, unreimbursed, documented out-of-pocket losses related to the data breach. Eligible expenses include losses from identity theft or fraud, fees for credit reports or monitoring, and costs to replace IDs, postage and professional fees (such as attorneys’ or accountants’ fees). Class members may also claim up to four hours of lost time at $25 per hour (maximum $100). This is included within the $4,500 cap. Class members cannot claim expenses a third party already reimbursed.
- Cash payment B: alternative cash payment: In lieu of documented losses, class members can receive a one-time payment of $75. No documentation is required for this option.
All eligible class members can also enroll in two years of CyEx Financial Shield Complete, which includes $1 million in financial fraud insurance and monitoring for identity theft, unauthorized transactions and high-risk activity.
How to claim a settlement payment
Class members may file a claim online or download and print a PDF claim form and mail it to the settlement administrator.
Settlement administrator's mailing address: Parks Heritage Data Security Incident Settlement, c/o Settlement Administrator, P.O. Box 25226, Santa Ana, CA 92799-9958
Class members may also request a paper claim form by calling 833-421-7241 or emailing info@ParksHeritageDataIncident.com.
The claim deadline is Sept. 8, 2026.
What proof or documentation is required to submit a claim?
- Class members claiming reimbursement for documented losses (cash payment A) must provide supporting documentation, such as bank statements, receipts or other records, showing the expenses and their relation to the data breach. Self-prepared notes alone are not sufficient, but class members may submit them to support other proof.
- Class members claiming lost time must briefly describe the tasks they performed, such as changing passwords, investigating suspicious activity or researching the incident.
- Class members claiming the alternative cash payment (cash payment B) or credit monitoring do not need to submit documentation.
Payout options
- Eligible class members can receive a paper check at the address they provide on the claim form. Those who submit an online claim can choose a digital payment via PayPal, Venmo or Zelle
- The settlement administrator will send credit monitoring codes to claimant email address.
Settlement fund breakdown
The settlement fund includes:
- Settlement administration costs: To be determined
- Attorneys' fees and costs: Up to $225,000
- Service awards to class representatives: $4,500 each ($9,000 total)
- Payments to eligible class members: Depending on number of valid claims
Important dates
- Deadline to opt out: Aug. 7, 2026
- Deadline to file a claim: Sept. 8, 2026
- Final approval hearing: Nov. 2, 2026
When is the Parks Heritage Federal Credit Union data breach settlement payout date?
The settlement administrator will distribute payments after the court resolves any appeals and grants final approval of the settlement.
Why is there a class action settlement?
The class action lawsuit alleged a targeted cyberattack in July 2024 exposed sensitive customer data Parks Heritage Federal Credit Union held. The plaintiffs claimed the company failed to adequately protect personal information, resulting in unauthorized access to files containing names, Social Security numbers and financial data.
Parks Heritage denied wrongdoing but agreed to settle to avoid the costs, risks and uncertainties of ongoing litigation.
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