Valwood Park Federal Credit Union

 

FACTS:
WHAT DOES Valwood Park FCU DO WITH YOUR PERSONAL INFORMATION?        Revised: 03/2016

 


Why?

Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do.

   

What?

The types of personal information we collect and share depend on the product or service you have with us. This information can include:

   • Social Security number and income
   • Account Balances and payment history
   • Credit history and credit scores

When you are no longer our customer, we continue to share your information as described in this notice.

   

How?

All financial companies need to share member's personal information to run their everyday business. In the section below, we list the reasons financial companies can share their
 member's personal information; the reasons Valwood Park Credit Union
chooses to share; and whether you can limit this sharing.

 

Reasons we can share your personal information

Does Credit
Union share?

Can you limit this sharing?

For our everyday business purposes—
such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus

YES

 NO

For our marketing purposes—
to offer our products and services to you

YES

NO

For joint marketing with other financial companies

YES

NO

For our affiliates’ everyday business purposes—
information about your transactions and experiences

NO

 WE DON'T SHARE

For our affiliates’ everyday business purposes—
information about your creditworthiness

NO

WE DON'T SHARE

For nonaffiliates to market to you

NO

WE DON'T SHARE

 

Questions?  Call 800-468-8952  or go to valwodpark.com

 

Who we are

Who is providing this notice?

Valwood Park Federal Credit union

 

What we do

How does Valwood Park FCU protect my personal information?

To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings. Including physical, electrical and procedureral safeguards to protect the infomation you provided us and the information we collect about you.

How does Valwood Park FCU collect my personal information?

We collect your personal information, for example, when you

• Open an account or deposit money
• Pay your bills or Apply for a loan
• Use your credit or debit card

We also collect personal information from others, such as credit bureau, affiliates or other companies.

Why can’t I limit all sharing?

Federal law gives you the right to limit only
   
• sharing for affiliates’ everyday business purposes—information about your creditworthiness
• affiliates from using your information to market to you
• sharing for nonaffiliates to market to you

State laws and individual companies may give you additional rights to limit sharing.

 

Definitions:

Affiliates

Companies related by common ownership or control. They can be financial and nonfinancial companies.

• Valwood Park Federal Credit Union has no affiliates

Nonaffiliates

Companies not related by common ownership or control. They can be financial and nonfinancial companies.

•  The Credit Union does not share with non-affiliates so they can market to you.

Joint marketing

A formal agreement between nonaffiliated financial companies that together market financial products or services to you.

• Our joint marketing partners include an insurance company.

-------------------

Other Information:

 

OUR PRIVACY COMMITMENT TO YOU

We recognize, respect and protect the personal privacy rights of all our customers. We realize that our customers entrust us with personal information and it is our policy to maintain our customer's information in a confidential manner. We are committed to providing the highest level of security and privacy regarding the collection and use of our customer's personal information, as well as personal information of all consumers who visit our bank and web site.

CONFIDENTIALITY AND SECURITY OF NONPUBLIC PERSONAL INFORMATION

We restrict access to nonpublic personal information about you to those employees who need to know that information to provide products or services to you. We maintain physical, electronic and procedural safeguards that comply with federal standards to guard your nonpublic personal information.

NONPUBLIC PERSONAL INFORMATION WE COLLECT

We collect nonpublic personal information about you from the following sources: - Information we receive from you on applications or other forms. - Information about your transactions with us or others. - Information we receive from a consumer reporting agency.

NONPUBLIC PERSONAL INFORMATION

We do not disclose any nonpublic personal information about our customers or former customers to anyone, except as permitted by law. For example, it is our policy not to reveal specific information about our customer accounts or other personally identifiable data to nonaffiliated third parties for their independent use, except for the exchange of information with reputable information reporting agencies to maximize the accuracy and security of such information or in the performance of bona fide corporate due diligence or business matter.

 


Member Privacy Policy
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Fair Credit Reporting Act Notice
Notice To The Home Loan Applicant

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