At CTCU, your trust matters. Like all financial institutions, we occasionally share personal information for legitimate business purposes. This policy explains when we share, why it’s important, and what choices you have to limit that sharing.
What does CTCU 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 our policies and procedures. |
What? | The types of personal information we collect and share depend on the product or service you have with us. This information can include:
When you are no longer a 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 Cooperative Teachers Credit Union chooses to share, and whether you can limit this sharing. |
Reasons we can share your personal information | Does CTCU share? | Can you limit this sharing? |
|---|---|---|
For everyday business purposes, such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or to report to credit bureaus | Yes | No |
For our marketing purposes, to offer products and services to you | Yes | No |
For joint marketing with other financial companies | Yes | No |
For our affiliates’ everyday business purposes, such as information about your transactions, experiences, or creditworthiness | No | N/A |
For non-affiliates to market to you | No | N/A |
FAQs | What does CTCU do with your personal information? |
|---|---|
How does CTCU 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 CTCU collect my personal information? | We collect your personal information, for example, when you:
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 non-affiliates to market to you State law and individual companies may give you additional rights to limit sharing. |
Key Terms | Definitions |
|---|---|
Affiliates | Financial and nonfinancial companies related by common ownership or control. |
Nonaffiliates | Financial and nonfinancial companies NOT related by common ownership or control. |
Joint Marketing | A formal agreement between non-affiliated financial companies that together market financial products or services to you. |
