Notice of Your Financial Privacy Rights
This is our privacy notice for our members. When we use the words "you" and "your" we mean the following types of members:
All of our consumer members who have a continuing relationship with us, such as:
- Deposit account
- Loan account
- Credit card
- Safe deposit box
- Self-directed Individual Retirement Account where we act as custodian or trustee
- All former members
We will tell you the sources for nonpublic personal information we collect on our members. We will tell you what measures we take to secure that information.
We will also tell you what information we share with other entities. We will explain what your rights are, and how you can exercise them. If you share your account relationship with someone else, for example where you are a co-borrower or joint holder of a share draft account, we suggest that you share this information with each other to ensure that each of you are aware of our policy and your options.
We first define some terms.
We, our, and us means LifeWay Credit Union.
Nonpublic personal information means information about you that we collect in connection with providing a financial product or service to you. Nonpublic personal information does not include information that is available from public sources, such as telephone directories or government records.
An affiliate is a company we own or control.
A nonaffiliated third party is a company that is not an affiliate of ours.
Opt out means a choice you can make to prevent certain sharing of information. We will explain how you can exercise this choice.
The Information That We Collect
We collect nonpublic personal information about you from the following sources:
- Information we receive from you on applications or other forms
- Information about your transactions with us
- Information about your transactions with nonaffiliated third parties
- Information from a consumer reporting agency
The Confidentiality, Security and Integrity of Your Nonpublic Personal 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 regulations to guard your nonpublic personal information.
Nonpublic Personal Information and Nonaffiliated Third Parties
We may disclose nonpublic personal information to nonaffiliated third parties. Here are the kinds of nonpublic personal information we disclose to nonaffiliated third parties:
Nonpublic personal information we• receive from you on an application or other forms, such as:
- Social security number
- Phone number
- Date of birth
Nonpublic personal information about your transactions with us, such as:
- Types of accounts
Nonpublic personal information about your transactions with nonaffiliated third parties, such as:
- Types of accounts
You may opt out of the disclosure of the information listed above.
Types of Nonaffiliated Third Parties
We may disclose nonpublic personal information about you to the following types of nonaffiliated third parties:
Financial service providers, such as:
- Insurance agents
We may also disclose nonpublic personal information about you to nonaffiliated third parties as permitted by law.
Reasons for Disclosing
Here is why we may disclose nonpublic personal information about you to nonaffiliated third parties:
- To provide our members with information about additional products and services
Nonpublic Personal Information and Former Members
If you decide to close your account(s) or become an inactive member, we will follow the privacy policies and practices as described in this notice.
Your Right to Block the Disclosure of Your Nonpublic Personal Information
Nonaffiliated Third Parties
If you do not want us to share your nonpublic personal information with nonaffiliated third parties, you can block the release of certain nonpublic personal information. This is know as your right to "opt out."
Your decision to block the disclosure of your nonpublic personal information will apply to all products and services you receive from us.
If you have a joint account, an opt out instruction given by one participant of this account will affect all participants of the account.
If you wish to opt out of disclosures, you may do so by checking the appropriate boxes on the Opt Out Notice that you received with the notice and returning it to us at this address:
LifeWay Credit Union
One LifeWay Plaza
Nashville, TN 37234-0193