United States District Court for the Western District of Wisconsin
Civil Action No. 3:22-CV-00208-JDP
You may have received a Notice of Pendency of Class Action and Proposed Settlement (“Notice”) because the records of the Credit Union Retirement Plan Association 401(k) Plan as adopted by FirstLight Federal Credit Union or California Coast Credit Union Plan’s indicate that you fit one or more of the following settlement class and sub-class definitions certified by the Court:
All Persons, except Defendants and their immediate family members, who have been participants or beneficiaries of the Credit Union Retirement Plan Association 401(k) Plan as adopted by FirstLight Federal Credit Union or California Coast Credit Union from April 12, 2016 through March 30, 2026, and any Alternate Payee of a Person subject to a QDRO who participated in the Class Plan at any time from April 12, 2016 through March 30, 2026.
1. Individuals with accounts in the Plan as adopted by FirstLight Federal Credit Union from April 12, 2016 to December 31, 2021.
2. Individuals with accounts in the Plan as adopted by FirstLight Federal Credit Union from January 1, 2022 to March 30, 2026.
3. Individuals with accounts in the Plan as adopted by California Coast Credit Union from April 12, 2016 to December 31, 2021.
4. Individuals with accounts in the Plan as adopted by California Coast Credit Union Plan from January 1, 2022 to March 30, 2026.
As such, your rights will be affected by the Settlement of this lawsuit.
The Notice contains summary information with respect to the Settlement. The complete terms and conditions of the Settlement are set forth in a Settlement Agreement (“Settlement Agreement”).
| YOUR LEGAL RIGHTS AND OPTIONS IN THIS SETTLEMENT | |
| YOUR OPTIONS | INSTRUCTIONS |
| YOU ARE NOT REQUIRED TO FILE A CLAIM IF YOU ARE ENTITLED TO A PAYMENT UNDER THE SETTLEMENT AGREEMENT. | If the Settlement is approved by the Court and you are a member of the Settlement Class, you will not need to file a claim in order to receive a Settlement payment if you are entitled to receive a payment under the Settlement Agreement. |
| HOW SETTLEMENT PAYMENTS WILL BE DISTRIBUTED. | If you currently have a positive account balance in the Plan and are a Settlement Class Member, any share of the Net Settlement Amount to which you are entitled will be deposited into your Plan account. If you are a Former Participant (i.e., no longer a participant in the Plan) and are a Settlement Class Member, such funds, if any, shall be paid directly to you by the Settlement Administrator. |
| YOU MAY OBJECT TO THE SETTLEMENT BY FEBRUARY 24, 2026. | If you wish to object to any part of the Settlement, you may write to the Court and the attorneys for the Parties about why you object to the Settlement. See further information in the Notice. |
| YOU MAY ATTEND THE FAIRNESS HEARING TO BE HELD ON AUGUST 28, 2026. | If you submit a written objection to the Settlement to the Court and counsel before the Court-approved deadline, you may (but do not have to) attend the Fairness Hearing about the Settlement and present your objections to the Court. You may attend the Fairness Hearing even if you do not file a written objection, but you will only be allowed to speak at the Fairness Hearing if you file a written objection by the Court-approved deadline in advance of the Fairness Hearing AND you file a Notice of Intention to Appear, as described in the answer to Question 15 in the Notice. |
• These rights and options—and the deadlines to exercise them—are explained in the Notice.
• The Court still has to decide whether to approve the Settlement. Payments will be made only if the Court approves the Settlement and that approval is upheld in the event of any appeal.
Your options are explained in the Notice. This is only a summary of the proposed settlement. For the precise terms and conditions of the settlement, please see the Settlement Agreement . Alternatively, you can contact the Settlement Administrator or Class Counsel.
You should contact Class Counsel with any questions regarding this Settlement. YOU SHOULD NOT CONTACT THE COURT, THE DEFENDANTS, OR COUNSEL FOR THE DEFENDANTS. THEY WILL NOT BE ABLE TO ANSWER YOUR QUESTIONS.