If you financed a motor vehicle through Sound Credit Union and were charged for collateral protection insurance on or after February 11, 2016, a proposed class action settlement may affect your rights.
- Plaintiff sued Sound Credit Union for alleged violations of the Washington Consumer Protection Act and Washington common law related to Sound Credit Union’s imposition of collateral protection insurance. Sound Credit Union denies those allegations and any liability.
- The parties have entered into a proposed settlement on behalf of Washington residents who financed a motor vehicle through Sound Credit Union and who, from February 11, 2016, and up through the date of final judgment, were charged more for, or as a result of, collateral protection insurance than they would otherwise have been charged if Sound Credit Union had: (i) notified them earlier or differently of alleged deficiencies in insurance coverage, (ii) used a pro rata refund method, (iii) not charged an administrative fee, or (iv) not received an administrative reimbursement from the collateral protection insurance carrier or third-party collateral protection insurance administrator.
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Your Legal Rights and Options in This Lawsuit |
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Do Nothing |
Stay in this lawsuit. Receive a payment. Give up certain rights. By doing nothing, you will receive a cash payment from the settlement if it is approved by the Court. You give up any rights to sue Sound Credit Union on the claims alleged in this lawsuit or similar claims. |
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Ask to be Excluded |
Get out of this lawsuit. Get no benefits from it. Keep rights. If you ask to be excluded from the lawsuit, you will not receive any benefits of the settlement, including payment. You keep any rights to sue Sound Credit Union separately about the same or similar legal claims. To be excluded, you must mail an Exclusion Request to the Settlement Administrator by August 29, 2022. |
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Object to the Settlement |
Stay in the Settlement Class. File a written objection to the settlement with the Court. If you disagree with any portion of the settlement, you may file a written objection with the Court, which will be considered at the Final Approval Hearing. You may also ask to speak at the hearing. If you exclude yourself from the settlement, the Court will not consider an objection from you. If the settlement is approved, you will be bound by the Settlement Agreement and you give up any rights to sue Sound Credit Union separately about the same or similar legal claims in this lawsuit, but you will still receive a payment. Your objection must be postmarked no later than August 29, 2022. |