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LA Financial Federal Credit Union Data Breach

Posted on behalf of Arnold Law Firm in

NOTICE: If you received a NOTICE OF DATA BREACH letter from LA Financial Federal Credit Union, contact the Arnold Law Firm at (916) 777-7777 to discuss your legal options, or submit a confidential Case Evaluation form here.

​​​​On or around July 18, 2024, LA Financial Federal Credit Union (“LA Financial”) experienced a significant cybersecurity incident when an employee’s email account was compromised by an unauthorized third party (“Data Breach”). ​During the Data Breach, the hacker accessed and acquired certain private and confidential personal information of many individuals connected with LA Financial. Initially, on November 27, 2024, LA Financial began sending data breach notifications to those affected by the Data Breach and alerted the Attorney General of California. ​Further notifications were sent out on March 24, 2025, and included individuals that LA Financial determined had their information compromised. Although LA Financial discovered the breach nearly 9 months ago, it took them until March 2025 to finally tally the number of people impacted. If you received a data breach notification letter from LA Financial, it indicates that you were affected by the data breach. ​ As part of its notification letter, LA Financial is offering complimentary access to IDX, which provides credit monitoring services. Founded in 1937, LA Financial is a federal credit union headquartered in Arcadia, California. The company offers a wide range of financial services to its members, including auto and home loans, insurance, financial education, and credit cards. LA Financial boasts more than $531 million in total assets and had revenues of more than $20 million in 2023.   

WHAT INFORMATION IS INVOLVED IN THE LA FINANCIAL FEDERAL CREDIT UNION DATA BREACH?

While LA Financial has not released the exact information compromised, it likely includes:
  • Name​s
  • Addresses
  • Dates of Birth
  • Social Security numbers
  • Financial Account information
This information is called your Personally Identifiable Information (“PII”). It tells others about you and is considered part of your identity. Businesses are required to secure this information or risk facing statutory penalties, among other legal penalties. Stolen PII can be used by identity thieves to engage in fraudulent activity using your identity.  The best way to protect yourself after a data breach is to sign up for credit and identity protection services as soon as possible.  NOTICE: If you received a NOTICE OF DATA BREACH letter from LA Financial Federal Credit Union, contact the Arnold Law Firm at (916) 777-7777 to discuss your legal options, or submit a confidential Case Evaluation form here.

Settlement - $3,767,000

Truck Accident

A 20-year-old man who had been married for just 12 days left home on his way to work. He was driving on Pleasant Grove Road in Sutter County in the early morning when he came upon a slow-moving truck. As he pulled out to pass the truck, the truck driver turned left in front of him. The young man attempted to steer back into his lane but his vehicle struck an un-flagged piece of metal extending from the back of the truck. He died in the resulting crash.

Expert witnesses brought in by the Arnold Law Firm proved that the truck, owned and operated by a hauling firm, should never have been on the highway that morning. Specifically, the rear and side turn signals did not work and the rear-view mirror was in a poor state of adjustment at the time of the collision. As a result, the driver, who had failed to properly inspect the vehicle before setting out that morning, couldn’t see the young man’s vehicle as it attempted to pass.

The poor condition of the truck, its lack of maintenance and the manner in which it was operated were found to be substantial factors in causing the collision that killed the young man. The testimony also established that the man had been making a lawful pass at the lawful speed limit and acted reasonably when he attempted to avoid the collision.

The man’s 20-year-old widow was awarded $3,767,000.77, his parents were awarded $185,131 and the family was reimbursed $11,899 in funeral expenses. Though money is a poor substitute for a young man’s life, this verdict demonstrates that drivers who endanger the lives of others will be held accountable for their actions.