As a member of CMU FCU, you have a right to financial privacy and the Credit Union respects this right. Maintaining our members' trust and confidence of utmost importance to us. Credit Union employees necessarily acquire confidential information that customers may consider to be extremely sensitive. Our employees have been instructed that this information must not be revealed to unauthorized persons, and that this information is not to be discussed with others within the Credit Union unless other involved employees require the information to perform their duties. By Credit Union policy, member's financial information is released to third parties only when allowed by law. The Credit Union makes every effort that the information released is accurate and within the confines of the authorizing release document. The release of member information is based on a written document and the release is in accordance with the written instructions contained in the document.
Under banking regulations, we are required to give you a statement regarding the Credit Union's member privacy protection policies. This statement contains the information the regulations require we give you.
Categories of information the Credit Union Collects. As you probably realize, we collect information about you from the following sources:
- Information we receive from your applications and other forms;
- Information about your transactions with us, our affiliates, or others; and
- Information we receive from a consumer reporting agency.
Categories of information the Credit Union May Disclose.
We do not disclose any nonpublic personal information about our members or former members, except as permitted by law.
Disclosure Required Under the Fair Credit Reporting Act.
Under applicable law, the credit union is permitted to share customer information with sister organizations the credit union is affiliated with. Under the Fair Credit Reporting Act, you have "opt-out" rights regarding certain information. Before this information is shared with an affiliate we will send you a notification and we will explain to you how to opt-out. Then, if you choose to opt-out the information will not be shared with the affiliated company.
Disclosure Regarding Confidentiality and security of information.
The credit union takes the confidentiality and security of the member information seriously. We restrict areas of access where information is kept and access to the information is granted only to employees who need that access in the performance of their duties. In addition, we have internal procedures that are designed specifically to protect this information from outsiders.
Thank you very much for banking with us. We are proud to have you as a member and you may rest assured that we are doing everything we can to protect the privacy of the financial information you have entrusted us with.