The protection of our members’ privacy and the safekeeping of confidential information is of utmost concern to the Credit Union. It is the Credit Union’s intent to comply with all applicable laws and regulations concerning the treatment of both member and non-member information, and educate our members as to their privacy rights under law. This policy outlines the purposes for which member information will be collected and released outside of the Credit Union. The procedures in this policy implement the privacy practices disclosed in the Lakeview Federal Credit Union Notice and Privacy Disclosure Statement.

Information Collected
The Credit Union will only collect information necessary to establish a relationship and provide products, services and opportunities to its members, non-member customers and consumers who come in contact with the Credit Union. Information on an individual member may be collected from a variety of sources, including the member’s signature card, loan application, and credit bureaus. Furthermore, the Credit Union will take reasonable precautions to protect the accuracy and reliability of member information.

Information Shared with Affiliates & Third Parties
The Credit Union will not sell nonpublic personal information on its members to any third party. The Credit Union may disclose nonpublic personal information about an individual member or members with member consent, in order to effect a transaction, to protect the Credit Union’s interests, or for other purposes permitted by law and regulation. The Credit Union will not disclose any non-public personal information about its members or former members to anyone except as permitted or required by law; or to effect administer or enforce a transaction. The Credit Union may also disclose information to companies that perform marketing services on its behalf or to other companies or financial institutions with which the Credit Union has joint marketing agreements.

Third Party Privacy Standards
Pursuant to Federal Law and Regulation, any information provided to a third party by the Credit Union, including non-public personal information about a consumer, is provided only to allow the third party to perform the services necessary under the contract, to process and/or service a transaction, or as required by federal state law and or regulation. Once this information is received by the third party from the Credit Union, whether it is directly or indirectly through an affiliate, the third party may not disclose it to any person that is not affiliated with either the Credit Union or the third party, unless the disclosure would be lawful if made directly by the Credit Union.

These third parties agree to restrict access to this information received from the Credit Union only to third party employees who need to know that information to provide products or services to the Credit Union, its members and consumers pursuant to this agreement. The third party also agrees to maintain physical, electronic and procedural safeguards that comply with the federal regulations or any other appropriate measures to guard non-public personal information to protect the confidentiality and security of this information shared by the Credit Union pursuant to the agreement. The Credit Union will accomplish this by making its Privacy Policy available to third parties with which it must disclose information and require confidentiality and non-disclosure as a term of its relationship with all third parties and as part of all new contracts and contract renewals with joint marketing and service providers. The Credit Union will only continue to disclose non-public personal information to third parties who demonstrate a consistent commitment to the protection and confidentiality of member information, and who have adopted Privacy Policies comparable to those adopted by the Credit Union.

Security & Confidentiality
The Credit Union will restrict access to personal and account information to those employees of the Credit Union, its affiliates and non-affiliated third parties who need to know that information to provide products, services or opportunities to its members and consumers. As part of the Credit Union’s commitment to protect the confidentiality of member account information, the Credit Union will establish procedures for periodically training staff on the importance of member privacy and the Credit Union privacy policy. Staff will only be permitted to access member account information when necessary for business purposes. Finally, the Credit Union will establish appropriate security standards to protect against unauthorized access to non-public personal information.

Availability of Policy
The Credit Union is proud of its commitment to member confidentiality, and will make this policy available to any consumer requesting it. The Credit Union will also post the policy on its Internet home page. A disclosure statement outlining this Privacy Policy and any revisions thereof are available to all member, non-member customers who established a relationship with the Credit Union and consumers who inquire about Credit Union services.