PRIVACY NOTICE DISCLOSURE TO MEMBERS
The directors, management, and staff of Advantage Credit Union are concerned about and respect the privacy of our members' personal financial information. We understand that our members furnish sensitive information to the Credit Union in the course of daily business, and the Credit Union is committed to treating such information responsibly. We know that our members expect privacy and security for their personal and financial affairs.
The Credit Union will take all the necessary steps to safeguard sensitive information that has been entrusted to us by our members. The following privacy policy and disclosure outlines the Credit Union's practices regarding personally identifiable financial information for members and others with whom we establish a "member relationship," pursuant to 12 CFR S716 of NCUA's Rules and regulations.
- Types of Information the Credit Union Collects
At Advantage Credit Union, we collect nonpublic personal information from many sources. The Credit Union collects nonpublic personal information directly from members, joint owners, co-borrowers, and guarantors on various applications and forms-- for example, loan applications, deposit account applications, and requests for information about accounts or products and services.
The Credit Union also collects information as a result of transactions between the Credit Union and such individuals as a result of providing our products and services. This includes transaction information from share drafts (checks), debit cards, credit cards, automated teller machine (ATM) cards and electronic transfers (for example: automated clearinghouse (ACH) transactions.)
Nonpublic personal information does not include information the Credit Union obtains from government records, widely distributed media, or government-mandated disclosures.
- Types of information the Credit Union Discloses
The Advantage Credit Union may disclose the following types of information about current or former members to companies that perform marketing services on our behalf or to other financial institutions with whom we have joint marketing agreements:
-
Identification information, such as name, address and telephone number
-
Transactional information
-
Deposit or loan account experience
- Safeguarding Member Information
At Advantage Credit Union, we protect member privacy by ensuring that only employees who have a business reason for knowing information have access to it. The Credit Union has appointed a Financial Privacy Officer, who is responsible for maintaining internal procedures to ensure that our members' information is protected. For example, information in loan files is only accessed by employees from the loan origination/loan operations departments, or management.
All employees have a copy of this policy and the Credit Union's Member Financial Records Privacy Policy and are trained at least annually regarding the importance of safeguarding member information. Management will take disciplinary action against any employee who violates the Credit Union's privacy policy and procedures.
We appreciate that you have chosen to do business with Advantage Credit Union.
