Privacy Policy
YOUR PRIVACY IS IMPORTANT TO US
You provide important information about yourself to a variety of businesses
and organizations. The same is true when you do business with our financial
institution. You're asked to provide us with certain personal information that
helps us give you better service and complete your transactions more
effectively.
We work diligently to safeguard the information you give to us. In fact, we
developed the following policies to ensure you confidentiality and maintain your
confidence in our institution. These policies detail the strict standards we
have in place. These practices are followed by the Credit Union and it's wholly
owned subsidiary, Member's First Financial Services Inc. and therefore, this
notice will be applied to both. For this reason we ask that you please read the
following information carefully. If you have any questions after reading it,
please contact us at 901-385-5200.
NOTICE OF YOUR FINANCIAL
PRIVACY RIGHTS
We, our, and us, when used in this
notice, mean Memphis Area Teachers' 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
- Automobile lease we service
- Self-directed Individual Retirement Account
- Credit counseling service
- All persons who use our trust department
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.
We 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 our affiliates
- Information about your transactions with other parties
- Information from a consumer reporting agency
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.
YOUR INFORMATION AND OUR
AFFILIATES
We may disclose information about you to our affiliates. Here are the kinds
of information and the source of that information:
Transaction and experience
information from our account records:
·
Information about your transactions and experience with us, such
as:
o
Name
o
Address
o
Account balances
o
Account activity
o
Types of accounts
o
Credit card usage
o
Payment history
o
Deposit history
o
Policy coverage
o
Premiums
o
Age
o
Social Security Number
o
Account number
Federal law allows us to disclose
the information listed above with our affiliates. You do not have a right to opt
out of the disclosure of this information.
Types Of Affiliates
We may disclose information about you to the following types of affiliates:
- Financial service providers, such as:
- Member's First Financial Services Inc.
Reasons For Disclosure
We may disclose information about you to our affiliates to provide you with
information about additional products and services.
YOUR INFORMATION AND OTHER
PARTIES
We will not disclose information about you to anyone except as disclosed in
this policy or as permitted by law. Examples of this might include disclosures
necessary to service your account or prevent unauthorized transactions.
INFORMATION ABOUT FORMER MEMBERS
We do not disclose information about former members, except as permitted by
law.
AUTHORIZED SHARING - JOINT
MARKETING
We may disclose the following information to other financial institutions
with whom we have joint marketing agreements:
- Information you give us on an application or other
forms, such as:
We disclose the information listed above with other financial institutions
with whom we have joint marketing agreements. You do not have a right to opt out
of the disclosure of this information.
State Limitations
AL, AK, ID and VT - We will not share this information about members who
reside in Alabama, Alaska, Idaho or Vermont.
MA, MS and NJ - We will not share any information derived from share
relationships with us about members who reside in Massachusetts, Mississippi or
New Jersey. Nor will our branches or offices located in such states share this
information with other parties.
Types of Businesses
We may disclose information pursuant to joint marketing agreements to the
following types of businesses::
- Financial service providers, such as:
Reasons For Disclosing
We may disclose information about you to other financial institutions with
whom we have joint marketing agreements to provide you with information about
additional products and services..
1.9/3478
rev 06/2003
