FACTS

WHAT DOES FINANCIAL BENEFITS 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 and account balances

payment history and credit history

transaction or loss history and overdraft history

When you are no longer our member, we continue to share your information as described in this notice.

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 Financial Benefits Credit Union chooses to share; and whether you can limit this sharing.

 

 

 

Reasons we can share your personal information

Does Financial Benefits 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 don’t share

For our affiliates’ everyday business purposes --

information about your creditworthiness

No

We don’t share

For nonaffiliates to market to you

No

We don’t share

What we do

How does Financial Benefits 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.

How does Financial Benefits Credit Union collect my personal information?

We collect your personal information, for example when you

Open an account or apply for a loan

Use your credit or debit card or provide account information

Make deposits or withdrawals from your account

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 nonaffiliates to market to you

State laws and individual companies may give you additional rights to limit sharing. See below for more on your rights under state law.

 

Definitions

Affiliates

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

 

Financial Benefits Credit Union has no affiliates

Nonaffiliates

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

 

Financial Benefits Credit Union does not share with nonaffiliates so they can market to you

Joint marketing

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

Our joint marketing partners include insurance companies

 

 Other Important Information ¨ 

 

California law provides that a consumer has the right to control the sharing of personal and financial information with outside companies the financial institution contracts with to provide financial products and services. To exercise your right, refer to the separate notice titled, "Important Privacy Choices for Consumers" which is provided to you by Financial Benefits Credit Union.

Call us at 510.433.9200

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