|FACTS||WHAT DOES Members 1st Federal Credit Union
DO WITH YOUR PERSONAL INFORMATION?
|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
|How?||All financial companies need to share customers' personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customers' personal information; the reasons Members 1st Federal Credit Union chooses to share; and whether you can limit this sharing.|
|Reasons we can share your personal information||Does Members 1st FCU 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
|For our marketing purposes—
to offer our products and services to you
|For joint marketing with other financial companies||Yes||Yes|
|For our affiliates’ everyday business purposes—
information about your transactions and experiences
|For our affiliates’ everyday business purposes—
information about your creditworthiness
|No||We don't share|
|For our affiliates to market to you||Yes||Yes|
|For nonaffiliates to market to you||Yes||Yes|
|To limit our sharing||
• Call (800) 237-7288 or
If you are a new customer, we can begin sharing your information 30 days from the date we sent this notice. When you are no longer our customer, we continue to share your information as described in this notice.
However, you can contact us at any time to limit our sharing.
|Questions?||Call (800) 237-7288 or go to www.members1st.org/privacy|
|Who We Are|
|Who is providing this notice?||Members 1st Federal Credit Union|
|What We Do|
|How does Members 1st 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. Additionally, we require and train our employees to comply with our privacy standards and policies, which are designed to protect customer information.|
|How does Members 1st 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 cardWe also collect your personal information from others, such as credit bureaus, 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 youState laws and individual companies may give you additional rights to limit sharing.
|What happens when I limit sharing for an account I hold jointly with someone else?||Your choices will apply to everyone on your account.|
|Affiliates||Companies related by common ownership or control. They can be financial and nonfinancial companies.
• Our affiliates include Members 1st LLC.
|Nonaffiliates||Companies not related by common ownership or control. They can be financial and nonfinancial companies.
• Our non-affiliates include Members 1st Insurance Services LLC and Members 1st Settlement Company LLC.
|Joint marketing||A formal agreement between nonaffiliated financial companies that together market financial products or services to you.
• Our joint marketing partners include insurance and investment companies.
Q. Is this Privacy Notice unique to Members 1st Federal Credit Union?
A. No. Most financial institutions use the same format and language to provide consistency industry-wide. Members will receive the same type of notice from other banks, credit unions or mortgage lenders. Our regulators developed this notice format to help you understand and compare privacy practices.
Q. Why do you need to share my information with companies outside of Members 1st Federal Credit Union and how do I know that I am protected?
A. We work with outside vendors for many reasons. All vendors must sign an agreement that limits how they use the data we share with them and we evaluate their ability to protect your information.
Q. Why would you share my Social Security Number?
A. When sharing information such as a social security number or credit history it is for specific reasons, i.e. approving a loan. We only share the information that is absolutely necessary and this information will never be shared for marketing purposes.
Q. Can I limit the types of marketing solicitations that I receive?
A. Yes. You can opt-out of various marketing solicitations by completing the Opt-Out Non Solicitation form. Please visit us at members1st.org/privacy and choose Manage Your Solicitations.