Class-action settlement · Open
Guadalupe Credit Union collection lawsuit settlement
Guadalupe Credit Union has settled a New Mexico class action over collection lawsuits it filed in magistrate court without being represented by a licensed New Mexico attorney. If the credit union sued you in a New Mexico magistrate court on or after October 7, 2015 in one of those cases, you may be eligible for a payment of everything you paid it after that lawsuit was filed, plus $1,000. There is nothing to file: the settlement pays identified class members automatically unless they exclude themselves, and the last date to opt out or object is November 30, 2026, with the fairness hearing on February 3, 2027. No claim form and no fee — official claims are always free.
There is no claim form for this one. The administrator pays consumers it has already identified, so the useful step is to make sure they can reach you — not to file anything. Anyone offering to file it for you, for a fee, is selling you nothing.
When the money moves
What the official materials say about the payment schedule for this settlement, and what the administrator has published since. Every figure below is linked to the page it was read from.
- Status
- Payments have not started
Expected
The settlement site says class members need do nothing but refrain from excluding themselves, and that payment follows the court's decision. The final fairness hearing is set for February 3, 2027 at 10 a.m.
Read off the official notice, in its own words. These dates slip — an appeal can move a distribution by a year or more — so treat it as the administrator's plan rather than a schedule.
Source: the official notice ↗
Facts from the official materials
- Status
- Open
- Type
- Class-action settlement
- Category
- Credit
- Defendant / company
- Guadalupe Credit Union
- Administrator
- American Legal Claim Services, LLC (salasvgcusettlement.com)
- Claim deadline
- No claim to file — opt out by November 30, 2026
- Eligibility period
- From October 7, 2015
- States
- NM
- Proof
- No claim to file — payments are sent automatically
- Possible amount
- From about $1,000 (not guaranteed)
- Source confidence
- high
- Last verified
- October 20, 2026
Covered products and services
- Guadalupe Credit Union loans
Kyle Salas, et al. v. Guadalupe Credit Union · D-101-CV-2019-02660 · First Judicial District Court, Santa Fe County, New Mexico
There is no claim form. Each class member is paid what they paid the credit union after its collection lawsuit was filed, plus $1,000 — so $1,000 is the floor and the rest depends on your own payment history. Where a collection case named more than one defendant the payment is made jointly unless another arrangement is agreed. The named plaintiffs will ask the court for $5,000 each for their work, $20,000 is set aside for administration, and attorney fees are sought separately. The court has not yet approved the settlement, so no amount is final.
Important dates
- Opt-out deadline
- November 30, 2026
- Fairness hearing
- February 3, 2027
Why this case happened
The case concerns collection lawsuits Guadalupe Credit Union filed in New Mexico magistrate courts on or after October 7, 2015 while not represented by a licensed New Mexico attorney. The credit union has not admitted the claims and the court has not decided them.
Eligibility questions
These questions help you decide whether to read the official notice. They are not a legal determination.
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