Money Owed To Me

Class-action settlement · Open

43 days left to file — November 29, 2026

Navy Federal unauthorized personal loan settlement

Navy Federal Credit Union has settled claims that personal loans were opened in members' names from unfamiliar devices and that it then denied the members' fraud disputes. Members who had such a loan opened between January 1, 2023 and January 31, 2025, reported it as fraud, had the dispute denied in whole or in part, and never got the money back may be eligible. The settlement cancels the loan, requests deletion of the related credit reporting and refunds payments already made without any claim form; a further $250 requires a claim by November 29, 2026. Filing on the official settlement site is free.

Official claim pageOfficial notice

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 court is due to consider final approval on December 9, 2026, a date the notice says may change, and the settlement's benefits follow that decision.

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
Banking and finance
Defendant / company
Navy Federal Credit Union
Administrator
American Legal Claims Services, LLC
Claim deadline
November 29, 2026
Eligibility period
January 1, 2023 – January 31, 2025
States
See official notice (often nationwide)
Proof
Notice ID / PIN from the official letter or email may be required
Possible amount
About $250 (not guaranteed)
Source confidence
high
Last verified
September 30, 2026

Covered products and services

  • Navy Federal personal loan

Stacy Edey, et al. v. Navy Federal Credit Union · 2:25-cv-554 · U.S. District Court, Eastern District of Virginia, Norfolk Division

The $250 is the only part that needs a claim form. Cancelling the loan, asking the credit bureaus to delete the reporting tied to it, and refunding the payments already made — including amounts taken by offset — happen without a claim, and their value depends on how much was drawn and repaid. The $250 figure is what the notice describes, not a guaranteed payment.

Important dates

Claim deadline
November 29, 2026
Opt-out deadline
November 9, 2026
Fairness hearing
December 9, 2026

Eligibility questions

These questions help you decide whether to read the official notice. They are not a legal determination.

Was a Navy Federal personal loan opened in your name between January 2023 and January 2025 that you did not apply for?

The class covers loans applied for from a device Navy Federal did not recognise, where the funds were deposited.

Did you report that loan to Navy Federal as fraud and have your claim denied in whole or in part?

A denied or partly denied fraud dispute is part of the class definition.

Were the loan funds recovered and returned to you in full?

The class covers members whose funds were never recovered.

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