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If you owned property repossessed by Notre Dame Federal Credit Union, you could get valuable benefits from a class-action settlement.
A court approved this notice. This is not an advertisement from a lawyer.
- You may be eligible to participate in a settlement with benefits, including money, the write-off of certain debts, and the deletion of certain negative credit information from credit reports for certain persons who had a consumer loan or financing agreement with Notre Dame Federal Credit Union (“Credit Union”) and had their vehicle repossessed and sold by Credit Union.
- The settlement resolves a lawsuit over whether Credit Union sent a Uniform Commercial Code compliant notice to you that purported to explain how you could get the vehicle back and stop Credit Union from selling it. The notice at issue must have been dated on or between February 11, 2012, to September 5, 2023, to be a part of the Class and eligible to receive the benefits explained below. This settlement avoids costs and risks to you from the lawsuit; provides benefits to borrowers like you; and releases Credit Union from liability.
- The two sides disagree on whether the borrowers could’ve won and on how much money they would’ve been entitled to had they won.
- Your legal rights are affected whether you act or don’t act. Read this notice carefully.
- Consult your tax adviser about the tax issues associated with this settlement. Relief provided under this settlement, including money and debt reduction, may be subject to tax.
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Your Legal Rights and Options in this Settlement |
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Do Nothing |
If you do nothing, you will get money or other benefits from the settlement. But you won’t be able to sue Credit Union for claims like the ones in this lawsuit. |
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Exclude Yourself |
If you want to sue Credit Union on your own, you can choose to leave the settlement. You won’t get any money or benefits if you do this. |
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Object |
You can tell the court if you don’t like the settlement. |
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Go to a Hearing |
You can go to court and talk about whether the settlement is fair. |