Privacy Policy
What does Southcoast Federanl 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 depend on the product or service you have with us. This information can include:
- Social Security number
- Income
- Account balances
- Payment History
- Credit history
- Credit scores
- Transaction history
- Employment information
How
All financial companies need to share members’ 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 Southcoast Federal Credit Union chooses to share; and whether you can limit this sharing.
Reasons we can share your personal information | Does Southcoast 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 | No |
For joint marketing with other financial companies | Yes | No |
For our affiliates’ everyday business purposes - information about your transactions and experiences | No | We do not share |
For our affiliates’ everyday business purposes - information about your creditworthiness | No | We do not share |
For non-affiliates to market to you | No | We do not share |
To limit our sharing or to ask questions
Call 508-997-4475 or go to www.southcoastcu.org.
Who We Are
Who is providing this notice? Southcoast Federal Credit Union
What We Do
How does Southcoast 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 files and buildings. We also maintain other physical, electronic, and procedural safeguards to protect this information and we limit access to information to those employees for whom access is appropriate.
How does Southcoast Federal Credit Union collect my personal information?
We collect your personal information, for example, when you:
- Open an account
- Pay us by check
- Give us your income information
- Show your driver's license
- Give us your contact information
We collect non public personal information about you from the following sources:
- Information we receive from you on applications or other forms
- Information about your transactions with us, our affiliates, or others and
- Information we receive from a consumer reporting agency.
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?
If one owner chooses to limit sharing on an account held jointly with someone else, information on the account will not be shared for either party.
Definitions
Affiliates
Companies related by common ownership or control. They can be financial and non-financial companies.
Non-affiliates
Companies not related by common ownership or control. They can be financial and non-financial companies.
Joint Marketing
A formal agreement between non-affiliated financial companies that together market financial products or services to you.