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A proposed class action settlement may affect your rights.
A federal court authorized the notice. This is not a solicitation from a lawyer. You are not being sued.
- There is a proposed settlement in a class action lawsuit entitled Stacy Edey et al. v. Navy Federal Credit Union, No. 2:25-cv-554. The lawsuit claims that Navy Federal Credit Union (“NFCU”) is liable for failing to prevent third parties from opening unauthorized personal loan accounts in members’ names and for failing to cancel the loans after individuals impersonating NFCU personnel induced members to transfer the loan funds to unknown third parties. NFCU denies the Plaintiffs’ allegations and denies that NFCU is liable to the Plaintiffs or any of the putative settlement class members.
- Under this settlement, NFCU will automatically cancel your loan, request the deletion of any credit reporting related to the loan, and refund the payments you made on the loan to your Navy Federal account. You also have the right to submit a Claim Form for an additional $250 payment. The Claim Form is included as the last page of the Notice you received. You may alternatively submit an online Claim Form on the Online Claim Submission page. Whether you act or not, your legal rights are affected by the proposed settlement. Your rights and options—and the deadlines to exercise them—are explained in the notice and on this website. Please read the Notice carefully in its entirety.
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YOUR LEGAL RIGHTS AND OPTIONS IN THIS PROPOSED SETTLEMENT |
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| Your Rights and Options | What to Do | Deadlines to Do It |
| Object to the Settlement | Write to the Court about why you do not like the proposed settlement. | Postmarked on or before November 9, 2026 |
| Opt Out of the Settlement | Write to the Settlement Administrator stating that you do not wish to participate in the proposed settlement. If you validly opt out, you will not receive any monetary payments from the settlement. | Postmarked on or before November 9, 2026 |
| Submit a Claim Form | Submit a form to the Settlement Administrator for an additional $250 payment from the settlement. The Claim Form is the last page of the Notice. You may alternatively submit an online Claim Form on the Online Claim Submission page. | Postmarked on or before November 29, 2026 |
| Do Nothing | You are not required to take any action to receive the automatic benefits of the proposed settlement. If the proposed settlement is finally approved and you do not opt out, then you will be bound by the Court’s final judgment and the release of claims in the Settlement Agreement. | None |