SUMA-1008 Rev. 9/14
|FACTS||WHAT DOES SUMA FEDERAL CREDIT UNION
DO WITH YOUR PERSONAL INFORMATION
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.
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 of the credit union, we continue to share information about you as described in this notice.
|How?||All financial institution's need to share members' personal information to run their everyday business and to process transactions, maintain member accounts, and report to credit bureaus. In the section below, we list the reasons financial institutions can share their members' personal information; the reasons we choose to share; and whether you can limit this sharing.|
|Reasons we can share your personal information||Does the Credit Union share?||Can you limit this sharing?|
|FOR OUR EVERDAY BUSINESS PURPOSES - to process your transactions, maintain your account,||YES||NO|
|FOR OUR MARKETING PURPOSES - to offer our products and services to you||NO||WE DON'T SHARE|
|FOR JOINT MARKETING WITH OTHER FINANCIAL COMPANIES||NO||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 OUR AFFILIATES TO MARKET TO YOU||NO||WE DON'T SHARE|
|FOR NON AFFILIATES TO MARKET TO YOU||NO||WE DON'T SHARE|
|SUMA Federal Credit Union is committed to serving our members with the highest quality member service. If you have any questions, comments or suggestions for us, we would love to hear from you.||SUMA
Federal Credit Union
|Who we are|
|Who is providing this notice?||SUMA (Yonkers) Federal Credit Union|
|What we do|
|How does SUMA 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 SUMA 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 sharing only for
State laws and individual companies may give you additional rights to limit sharing.
Companies not related by common ownership or control. They can be financial and non financial companies.
A formal agreement between nonaffiliated financial companies that together market financial products or services to you.
|Other Important Information|
|We will not share personal information with nonaffiliates either for them to market to you or for joint marketing without your authorization. We must notify you about our sharing practices when you open an account and each year thereafter.|
Notice of Your Financial Privacy Rights
We, our, and us, when used in this notice, mean SUMA (Yonkers) Federal Credit Union.
This is our privacy notice for our members. When we use the words you and your we mean the following types of members:
Our consumer members who have a continuing relationship by purchasing or holding financial products or services such as a(n):
- Share account
- Loan account
- Credit card account
- Safe deposit box
- Self-directed Individual Retirement Account
We will tell you the sources of the information we collect about you. We will tell you what measures we take to secure that information.
Let us first define some terms:
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. Hereafter, we will use the term "information" to mean nonpublic personal information as defined in this section.
An affiliate is a company we own or control.
A nonaffiliated third party is a person we do not employ or a company that is not an affiliate of ours. This is also known as nonaffiliated third party, or simply, an "other party."
The Information We Collect
We collect information about you from the following sources:
- Information you give us on applications or other forms
- Information about your transactions with us
- Information about your transactions with other parties
- Information from a consumer reporting agency
- Information we receive as a result of verifying customer information
Information We Disclose About You
We do NOT disclose any information about you to anyone, except as permitted by law. Examples of this might include disclosures necessary to service your account or prevent unauthorized transactions.
The Confidentiality, Security, and Integrity of Your Information
We restrict access to 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 to protect this information.
Information About Former Members
We do not disclose information about former members, except as permitted by law.