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TERRELL BAILEY V. ALLIANCE CREDIT UNION SETTLEMENT


CASE NO. 2322-CC09369 IN THE CIRCUIT COURT OF THE CITY OF ST. LOUIS - STATE OF
MISSOURI

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If you owned property repossessed by Alliance Credit Union, you could get
valuable benefits from a class action settlement.

A court authorized this notice.

 * You may be eligible to participate in a settlement with benefits, including
   money, the write-off of certain deficiencies, and the deletion of certain
   negative credit information from credit reports for all persons with a
   secured collateralized loan or financing agreement with Alliance Credit Union
   (“ACU”) whose collateral was repossessed and who were mailed a presale or
   post-sale notice. The settlement resolves a lawsuit over whether ACU sent
   proper notices to you after repossessing and/or selling your property. This
   settlement avoids costs and risks to you from the lawsuit; provides benefits
   to borrowers like you; and releases ACU from liability.
 * The parties disagree on whether the borrowers could have won at trial and the
   amount of money they would have been entitled to had they won.
 * Your legal rights are affected whether you act or don’t act. Read this notice
   carefully.
 * Consult your tax adviser about the tax issues associated with this
   settlement. Relief provided under this settlement, including money and debt
   reduction, may be subject to tax.

 

Your Legal Rights and Options in this Settlement

 

 

Do Nothing

By doing nothing, you will receive the benefits that come from the settlement,
including money. But you give up rights to separately sue ACU about the same
legal claims asserted in this lawsuit.

 

Exclude Yourself

Get no money or benefits. This is the only option that allows you to ever be
part of any other lawsuit against ACU about the legal

Claims asserted in this lawsuit.

Object

Write to the Court about why you don’t like the settlement.

Go to a Hearing

Ask to speak in Court about the fairness of the settlement.

 

 

 * These rights and options—and the deadlines to exercise them—are explained in
   the full notice which can be found here.
 * The Court must still decide whether to approve the settlement. Money and
   benefits will be provided if the Court approves the settlement and after any
   appeals are resolved. Please be patient.

 



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