Privacy and Security Policy

FACTS

WHAT DOES FOREST AREA 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 depends on the product or service you have with us. This information can include:

  • Social security number
  • Account balances
  • Credit History & Credit Score

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 personal information; the reasons Forest Area Federal Credit Union

chooses to share; and whether you can limit this sharing.

 

Reasons we can share your personal information

Does Forest Area Federal 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

Yes

For joint marketing with other financial companies

Yes

Yes

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

Yes

No

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 non-affiliates to market to you

Yes

Yes

 

To Limit our Sharing

Call 231-879-4154

Please note: If you are a new customer, we can begin sharing your information thirty-days after you have been provided 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 231-879-4154

 

Who We are

Who is providing this notice?

Forest Area Federal Credit Union

What we do

How does Forest Area Federal Credit Union 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 buildings and files.

How does Forest Area Federal Credit Union collect my personal information?

We collect your personal information, for example, when you

  • Open an account or deposit money
  • Apply for a loan or give us your income information
  • Provide account information

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 creditworthiness
  • 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.

What happens when I limit sharing for an account I hold jointly with someone else?

The limitations will apply to all joint owners on the account.

 

Definitions

Affiliates

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

  • CU*Answers

Non-Affiliates

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

  • Allied Solutions
  • CUNA Mutual
  • EconoCheck
  • Rate Genius

Joint Marketing

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

  • Invest in America

 

*Reviewed: December, 2023