The Ravenswood Federal Credit Union is member owned. It
has a board of directors elected by the membership. You can be
confident that your financial privacy is a top priority of this
credit union. We are required by law to give you this privacy
notice to explain how we collect, use and safeguard your
personal financial information.
We are committed to providing you
with competitive products and services to meet your financial
needs, which necessitates that we share information about you to
complete your transactions and to provide you with certain
financial opportunities. In order to do so, we have
entered into agreements with other companies that provide either
services to us or additional financial products for you to
consider.
Under these arrangements, we may
disclose all of the information we collect, as described below,
to companies that perform services on our behalf or to other
companies with whom we have joint marketing agreements. To
protect our members' privacy, we only work with companies that
agree to maintain strong confidentiality protections and limit
the use of information we provide. We do not permit these
companies to sell to other third parties the information we
provide to them.
Information We Collect and
Disclose About You
We collect nonpublic personal
information about you from the following sources and may
disclose the information we collect to companies that perform
services on our behalf or to other companies with whom we
have joint marketing agreements.
- From membership and loan
application and other forms, we obtain information such as
name, address, social security number and income.
- From your transactions with
us, our affiliates, or others, such as: your account
balance, payment history, parties to transactions, and
credit card usage.
- From consumer reporting
agencies, we obtain information such as your
creditworthiness and credit history.
- From verifications of
information you provide on applications and other forms, we
obtain information from current or past employers, other
financial institutions and other sources listed on the
application.
We respect your privacy and have
never shared nonpublic personal information except as permitted
or required by law and we will continue to protect your
privacy. These disclosures typically include information
to process transactions on your behalf or conduct the operations
of the credit union.
If you terminate your membership
with the Ravenswood Federal Credit Union, we will not share
information we have collected about you, except as required or
permitted by law.
How We Protect Your
Information
We restrict access to nonpublic
personal information about you to those employees who need to
know that information to provide products or services to
you. We maintain physical, electronic, and procedural
safeguards that comply with federal standards to guard your nonpublic
personal information. |
