A proposed settlement has been reached in a class
action lawsuit known as Scott Boyd v.
Public Employees Credit Union, Case
No. 1:22-cv-00825-LY ("lawsuit"), filed in the United States District Court for the Western
District of Texas, Austin Division.
This lawsuit arises out of unauthorized access to
PECU’s systems and certain files containing sensitive information about PECU’s
current and former customers including, but not limited to names, addresses,
email addresses, telephone numbers, dates of birth, financial account
information (e.g. account numbers, credit, and or debit cards), social security
numbers, and other types of personally identifiable information (collectively
“PII”), which was discovered by PECU on or about April 26, 2022 (the “Data
Incident”). PECU disagrees with Plaintiff’s claims and denies any wrongdoing.
All Settlement Class Members can receive the following
benefits from the settlement: (1) up to $500 for documented out-of-pocket
expenses, (2) reimbursement for up to three (3) hours of lost time spent
dealing with the Data Incident ($20 per hour), and (3) reimbursement for
extraordinary losses up to $2,500 for documented expenses. PECU also agrees to
provide various security related improvements.
Settlement Class Members who previously enrolled in
the credit monitoring product offered by PECU will have that term automatically
extended for one (1) year. Settlement Class Members who did not previously
enroll for credit monitoring shall have the ability to claim one (1) year of credit
monitoring by the same service previously offered by PECU.
PECU will also provide various security enhancements.
You are included in this settlement as a Settlement Class
Member if you were mailed written notification that indicated your PII was
potentially compromised as a result of the Data Incident discovered on or about
April 26, 2022.
YOUR LEGAL
RIGHTS & OPTIONS IN THIS SETTLEMENT
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Submit a
Claim and/or Receive Credit Monitoring
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You must submit a valid Claim Form to get
money from this settlement.
Claim Forms must be submitted online by May
4, 2023 or, if mailed, postmarked by no later than May 4, 2023.
You do not have to submit a claim to get
Credit Monitoring if you previously enrolled. If you previously enrolled in credit monitoring, your
monitoring will be automatically extended for one (1) additional year. If you
did not previously enroll in credit monitoring, you may enroll in the
credit monitoring product previously offered by PECU, for a period of one (1)
year, by submitting a request through the Claim Form.
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Do Nothing
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If you do nothing, you remain in the settlement.
You give up your rights to sue and you will
not get any money.
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Exclude
Yourself
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Get out of the settlement. Get no
money. Keep your rights.
This is the only option that allows you to
keep your right to sue about the claims in this lawsuit. You will not get any
money from the settlement.
Your request to exclude yourself must be
postmarked no later than April 4, 2023.
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File an
Objection
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Stay
in the settlement but tell the Court why you think the settlement should not
be approved.
Objections
must be postmarked no later than April 4, 2023.
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Go to a
Hearing
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You
can ask to speak in Court about the fairness of the settlement, at your own
expense.
The
Final Fairness Hearing is scheduled for June 9, 2023 at 9:30 a.m.
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