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PRIVACY NOTICE
PRIVACY PRACTICES FOR MORRISTOWN FEDERAL CREDIT UNION MEMBERS
Important Information About the Personal Data Your Credit Union Collects and How It Is Used
The Credit Union is committed to protecting the privacy of each member's financial records consistent with state and federal laws. The Credit Union will take prudent and reasonable measures to safeguard the accuracy and privacy of all member information including information used while conducting business via the Internet, ATM networks, telephone, the United States mail and other means of communication.
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FACTS
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WHAT DOES MORRISTOWN FEDERAL CREDIT UNION DO WITH YOUR PERSONAL INFORMATION?
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Why?
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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.
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What?
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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
· Transaction history and Payment history
· Employer information and Credit History
When you are no longer our member, we continue to share your information as described in this notice.
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How?
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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 members’ personal information; the reasons Morristown FCU chooses to share; and whether you can limit this sharing.
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Reasons we can share your personal information
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Does Morristown FCU Share?
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Can you limit this sharing?
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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
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Yes
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No
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For our marketing purposes –
To offer our products and services to you
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No
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We don’t share
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For joint marketing with other financial companies
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No
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We don’t share
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For our affiliates’ everyday business purposes – information about your transactions and experiences
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No
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We don’t share
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For non-affiliates to market to you
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No
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We don’t share
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Questions?
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Who we are
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Who is providing this notice?
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Morristown Federal Credit Union
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What we do
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How does Morristown Federal Credit Union protect my personal information?
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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.
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How does Morristown Federal Credit Union collect my personal information?
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We collect your personal information, for example, when you
· Open an account or apply for a loan
· Show your government issued ID or your driver’s license
· Give us your income information
We also collect your personal information from others, such as credit bureaus, affiliates or other companies.
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Why can’t I limit all sharing?
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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.
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What happens when I limit sharing for an account I hold jointly with someone else?
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Your choices will apply to everyone on your account.
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Definitions
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Affiliates
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Companies related by common ownership or control. They can be financial and non-financial companies.
· Morristown FCU does not share with our affiliates
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Non-affiliates
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Companies not related by common ownership or control. They can be financial or non-financial companies.
· Non-affiliates we share with can include insurance companies, government agencies, plastic card processors (credit/debit/ATM), financial statement publishers or printers, mail house, mortgage companies, mortgage service companies, consumer reporting agencies, data processors, and check/share draft printers
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Joint Marketing
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A formal agreement between non-affiliated financial companies that together market financial products or services to you.
· Morristown FCU does not share with our joint marketers
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