FACTS WHAT DOES EIGHT FEDERAL CREDIT UNION
DO WITH YOUR PERSONAL INFORMATION?
Financial companies choose how they share your person information. Federal law gives
WHY? 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.
The types of personal information we collect and share depend on the product or
service you have with us. This information can include:
WHAT? - Social security number and income
- Account balances and payment history
- Transaction and loss history and credit history
When you are no longer our customer, we continue to share your information as
described in this notice.
All financial companies need to share members’ personal information to run their everyday
HOW? business. In the section below, we list the reasons financial companies can
share their members’ personal information; the reasons Eight Federal Credit Union
chooses to share; and whether you can limit this sharing.
Reasons we can share your Does EFCU share? Can you limit this Sharing?
personal information
For our everyday business purposes – Yes No
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 – Yes No
to offer products and services to you
For joint marketing with other financial Yes No
companies
For our affiliates’ everyday business purposes – No We don’t share
information about your transactions and experiences
For our affiliates’ everyday business purposes – No We don’t share
information about your creditworthiness
For nonaffiliates’ to market to you No We don’t share
Who is providing this notice? Eight Federal Credit Union
How does EFCU protect my personal To protect your personal information from
information? unauthorized access and use, we use security
measures that comply with federal law. These
measures include computer safeguards and
secured files and buildings.
How does EFCU collect my personal 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 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
credit worthiness
- Affiliates from using your information to
market to you
- Sharing for non-affiliates 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.
Eight Federal Credit Union has no affiliates
Nonaffiliates Companies not related by common ownership or
control. They can be financial and nonfinancial
companies.
We disclose to nonaffiliated companies
only for our everyday business purposes,
such as to process transactions, maintain
accounts, respond to court orders and
legal investigations,or report to credit
bureaus, or as permitted by law
Joint marketing A formal agreement between nonaffiliated financial
companies that together market financial products or
services to you.
Our joint marketing partners include
insurance companies
Questions? Call 419-666-7334
