MICHOUD CREDIT UNION
PRIVACY POLICY
Objective
The Credit Union is committed to meeting all the financial needs of its
members without compromising the valued relationship we have with our members.
The Directors, management and staff of the Credit Union acknowledge that our
member’s trust and confidence in the Credit Union is our highest priority. In
their daily transactions and dealings with us, our members furnish us sensitive
and confidential information. We are committed to protecting our member’s
privacy and it is our stated intent to comply with the NCUA Privacy Rules and
other applicable privacy provisions. To ensure that our members continue their
trust in our Credit Union, we adopt the following policy.
Responsibility
The Credit Union shall comply with all NCUA Privacy Rules and all applicable
state privacy laws affecting us. The Credit Union’s Compliance Officer, Darlene
Moore-Hurst, shall be responsible for ensuring that all Directors, management,
and staff are properly trained in the various privacy laws affecting the Credit
Union. The Compliance Officer shall continuously monitor privacy regulations.
The President/CEO of the Credit Union shall ensure that the Credit Union has
fully complied with all privacy laws.
Privacy Practices
No Credit Union employee shall request information from a member unless that
information is necessary to conduct or complete a transaction, process an
application, or is for business purposes.
The Credit Union shall only disclose the information it collects from its
members and former members to affiliates of the Credit Union, transaction
processors, other financial institutions, other service providers of the credit
union, and those parties allowed by law, in accordance with 12 CFR Parts 716.13,
716.14, and 716.15.
The Credit Union shall enter into joint agreements with other financial
institutions and service providers to ensure that those parties follow our
strict confidentiality procedures and do not use our member’s personal
information for any purposes other than the purpose of our agreement with them.
The Credit Union shall restrict access to our member’s information to those
employees who need to know that information to provide products or services. The
Credit Union shall maintain physical, electronic and procedural safeguards that
comply with federal and state regulations in order to protect our member’s
personal information.
The Credit Union shall create and disclose a privacy notice to all credit
union members upon establishing a membership with the Credit Union and at least
annually thereafter.
Adopted this 21st day of March , 2001.
