Parks Heritage Federal Credit Union Data Breach Settlement Up to $4,500 for Exposed Info
The Parks Heritage Federal Credit Union Data Breach Settlement Up to $4,500 for Exposed Info settlement, with individual payouts of $75 to $4.50K to eligible claimants who must reside in the united states. The deadline to file is September 8, 2026. Proof of purchase is required.
Deadline: September 8, 2026
Total amount allocated for all claims
Estimated amount per eligible claim
To claim reimbursement under Cash Payment A (documented losses), submit supporting documentation such as bank statements, receipts, or other records showing the expense amount and its connection to the breach; self-prepared notes alone are insufficient (but may help support other proof). For lost time compensation, provide a brief description of tasks performed (e.g., changing passwords, investigating suspicious activity, researching the incident). For Cash Payment B ($75 alternative payment) and for credit monitoring/insurance enrollment, no documentation is required.
Settlement Summary
Parks Heritage Federal Credit Union recently announced a class action data breach settlement for people who were notified that a cyberattack occurred between July 17, 2024, and July 27, 2024. According to the claim notice, the incident exposed sensitive customer information such as names, Social Security numbers, and financial account details. For affected customers living in the United States, the settlement offers cash compensation to help address potential harms like identity theft, fraud-related expenses, and the time spent responding to suspicious activity—along with two years of identity and transaction monitoring through CyEx Financial Shield Complete, including $1 million in financial fraud insurance and monitoring for high-risk activity. The lawsuit was filed because plaintiffs alleged that Parks Heritage did not adequately protect personal data, and that the lack of proper safeguards allowed unauthorized access. Rather than continue fighting the allegations, Parks Heritage agreed to settle, which is significant because it creates a structured way for many potentially impacted customers to seek reimbursement without each person pursuing a separate lawsuit. Depending on the type of claim, eligible class members can request up to $4,500 for documented out-of-pocket losses (with a small additional allowance for lost time) or choose a simpler $75 option without documentation; credit monitoring codes are also provided. This kind of resolution reflects a broader trend in the U.S. financial sector, where credit unions and banks face intense scrutiny under privacy and security expectations and laws like the Federal Trade Commission Act (for unfair or deceptive practices), the Gramm-Leach-Bliley Act and its Safeguards Rule (financial institutions’ duties to protect customer information), and state breach-notification requirements—issues that have also driven similar class actions after breaches involving Social Security numbers and account data.
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Eligibility Requirements
- Must reside in the United States
- Must be a class member whose personal information was compromised by the Parks Heritage Federal Credit Union incident
- The data security incident must have occurred between July 17, 2024 and July 27, 2024
- Must have received notice of the data security incident from Parks Heritage Federal Credit Union
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Important Notice About Filing Claims
Submitting false information in a settlement claim is considered perjury and will result in your claim being rejected. Fraudulent claims harm legitimate class members and may result in legal consequences.
If you are unsure about your eligibility for this settlement, please visit the official settlement administrator’s website using the link provided above. Review the eligibility criteria carefully before submitting a claim.
Class Action Champion is an independent information resource and is not affiliated with any settlement administrator, law firm, or court. We provide settlement information as a service to help connect eligible class members with legitimate settlements.