Our Privacy Policy
The following privacy principles were established to maintain the
security, integrity, and confidentiality of your personal financial
information.
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The type of information we collect--
We routinely collect and retain the information we obtain from your
account applications, transaction history (for deposits, loans, credit cards,
etc.) and from consumer reports. This information helps us:
- To establish and administer your accounts.
(Example: We ask for personally identifying information to protect
your accounts from fraud.)
- To satisfy certain regulatory requirements.
(Example: When you open an account that pays interest, we are
required by the Internal Revenue Service to obtain your social
security number.)
- Better understand you so that we may provide you with additional
or improved products and services.
(Example: We require information concerning your credit history
and your assets to determine if you qualify for loan approval.)
We do not share the nonpublic personal information of our current or
previous members and nonmember customers with affiliates or non
affiliated third parties except as permitted or required by law.
How is that information protected?
Access to your personally identifiable financial information is limited to
employees with a specific business reason for utilizing this data. Our
employees are educated about the importance of maintaining
confidentiality and member privacy. If necessary, we take appropriate
disciplinary steps to enforce our employees' responsibility to protect your
very personal information.
In order to prevent unauthorized access to your information, we maintain
security standards and procedures that conform with industry practices.
These security standards and procedures are routinely tested to verify the
integrity of our systems.
Lauhoff Employees Credit Union